Grow with confidence: Flexible funding now available through Stripe Capital

Growing a business often means investing ahead of revenue, whether that’s hiring new talent, upgrading systems, or taking on larger projects. But finding the right financing at the right time isn’t always easy. 

That’s why we’re excited to introduce Stripe Capital to Ignition: funding designed to help businesses invest in growth with confidence.

Today, we’re excited to launch Stripe Capital on Ignition, giving eligible customers access to fast, flexible financing so you can invest in your business when it matters most. 

With the support of Stripe Capital, eligible businesses can access flexible, on-demand financing. It’s a simple application process and applying will not affect your personal credit score. Eligible businesses are automatically prequalified and can receive funds as quickly as two business days if they are approved. This launch builds on Ignition’s commitment to helping service-based businesses improve cash flow and plan for growth.

 “As our platform continues to evolve, we’re focused on solving real operational challenges for accounting and bookkeeping firms. The addition of Stripe Capital to our existing financial solutions of billing and payment acceptance is a natural extension, ensuring firms can operate with greater confidence as they scale," said Greg Hatcher, VP of Payments at Ignition. 

Stripe Capital is designed to be simple and low-lift for customers. Here’s what to expect if you’re eligible:

• Simple application: There’s no impact on personal credit scores, and a simple application process. Eligibility is based on factors like your payment volume and history of Ignition payments powered by Stripe.
• Get funds quickly: If you’re approved, funds typically arrive in as little as one to two business days, directly into your bank account.
• One flat fee: Pay one flat fee that never changes. There are no compounding interest charges or late fees.

Pay when you get paid*: Payment is fully automated and adjusts to your daily sales. Stripe deducts a fixed percentage of your sales until the total owed is paid. 

• Check your eligibility: If you’re eligible, based on factors that include your payment volume and history on Ignition, you will receive a capital offer via email.
• Select your offer: Select the amount that’s right for your business needs. The financing fee and payment rate are set based on the funding amount.
• Receive your funds: After your application is reviewed, if you are approved, the funds are deposited into your bank account, typically in as little as one to two business days after approval.

Pay as you earn*: You’ll automatically pay the financing with a fixed percentage of your sales until the total amount is paid. 

Eligibility is based on a combination of factors, such as your payment volume and history on Stripe. If you’re eligible for an offer, Stripe will send you an email. If you haven’t received any notification, that means you’re not eligible for an offer at this time.

Not eligible yet? If you’d like to receive a financing offer, we recommend migrating more of your business’s payments to Ignition. While not guaranteed, increased payment volume and your history with Stripe through Ignition might increase your likelihood of getting a financing offer through Stripe Capital.

Stripe Capital offers financing types that include loans and merchant cash advances. All financing applications are subject to review prior to approval. In the US, Stripe Capital loans are issued by Celtic Bank, and YouLend provides Stripe Capital merchant cash advances.

*Stripe Capital loans have a minimum amount due each payment period, and if the minimum amount that you pay through sales doesn’t meet the minimum your account will be automatically debited the remaining amount at the end of the period. If your loan has a fixed payment, Stripe stops withholding from your Stripe sales when you meet the fixed payment amount.  The payment terms for your offer will be detailed during the application process.