Squarespace Capital Guide for UK Businesses
TL;DR:
- UK Squarespace users get automatically checked for funding eligibility daily
- Financing offers arrive via email and dashboard notifications
- Repayment is simple: flat fee with no hidden charges
- You repay through a percentage of daily Squarespace Payments transactions
- Early repayment is allowed without extra fees
Squarespace Capital offers UK businesses quick access to funding based on their transaction history and Squarespace Payments usage. Here's how it works and what you need to know.
How the Daily Assessment Works
Squarespace checks your eligibility automatically every day. The assessment looks at your transaction volume, how long you've been using Squarespace, and whether you're processing payments through Squarespace Payments.
When you qualify, you'll get an email or see a notification in your dashboard. No application needed.
Understanding Your Financing Offer
Your offer will include four key details:
Financing Amount: The cash you'll receive in your bank account
Flat Fee: A fixed charge added to what you borrow (no hidden extras)
Total Amount Owed: Your financing amount plus the flat fee
Payment Rate: The percentage of daily card sales used for repayment
Example Breakdown
Say you get offered:
- Financing Amount: £17,000
- Flat Fee: £1,700
- Total Amount Owed: £18,700
- Payment Rate: 12%
You'd receive £17,000 in your bank within 3-4 days. Then 12% of each day's card transactions would go towards paying back the £18,700 total.
How Repayment Works
Repayments start 1-2 business days after you receive the money. The more transactions you process through Squarespace Payments, the faster you'll clear the debt.
There's no penalty for early repayment and no extra charges for settling ahead of schedule.
Check your Finance dashboard regularly to track your repayment progress.
If You Have Existing Stripe Finance
Any outstanding Stripe capital financing will continue being repaid through your Squarespace transactions. Once that's cleared, you might qualify for new Squarespace Capital offers.
Behind the Scenes
Squarespace Capital is powered by YouLend, with Stripe handling the payment processing. All offers are subject to final approval after review.
FAQs
How do I become eligible for Squarespace Capital?
Keep your UK business active on Squarespace and use Squarespace Payments for transactions. Eligibility checks happen automatically every day.
Can I pay off Squarespace Capital early?
Yes, you can pay early without extra fees. However, this doesn't guarantee more frequent financing offers.
When do repayments start?
Repayments begin 1-2 business days after you receive the funding. The process is automated through your transaction revenue.
Jargon Buster
Squarespace Capital: Squarespace's business financing service for eligible UK businesses
Flat Fee: A fixed amount added to your loan that covers all charges (no hidden costs)
Payment Rate: The percentage of daily card sales that goes towards repaying your financing
Wrap-up
Squarespace Capital keeps things simple. Eligibility is automatic, terms are transparent, and repayment is flexible. It's designed to help UK businesses access funding quickly without complicated applications or surprise charges.
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