We pride ourselves on being a transparent and responsible lender. That’s why before you go ahead with your contract, we provide you with a document outlining our fees and total payback.
When repaying your small business loan with Capify the total payback figure is then broken into small daily repayments that our customers can afford as to not affect the day-to-day cash flow of their business.
With an MCA product repayments are taken through your Eftpos terminal at the end of settlement each day you are open for business. For example, if you make $1000 that day on your credit card terminal and in your contract the percentage you needed to pay back is 10% daily, you would only pay back $100 to Capify. This would occur until your cash advance is paid in full. Meaning the loan term is only an estimated term of when we expect you should have it paid off.