Mindbody Capital offers merchant cash advances—not loans.
Your business’s merchant cash advance offer is determined by sales-based eligibility criteria. For access to the capital, you pay a flat “capital fee”. You pay the total outstanding balance with a percentage of future sales that you’ll know before you accept an offer.
Business loans usually have fixed payments, minimum payments, collateral requirements, and many also require personal guarantees where you pledge your personal assets as collateral if your business can't repay your loan. Additionally, unlike standard business loans, Mindbody Capital merchant cash advances do not have interest which compounds over time. Our merchant cash advances also do not have sign-up, late, annual fees, or minimum monthly payments.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.