Here at Time To Pet, our mission is to make starting, growing, and managing a pet care business easier, more enjoyable, and more profitable. One of the most challenging parts of growing a pet care business can be accessing the financing required to move it forward.
Whether you have an opportunity to expand your business into another city, build your dream daycare facility, or invest in your team's education and skills, businesses of all sizes may need access to capital at some point. For many pet care business owners, it can be hard to find financing opportunities.
Today, we are very excited to announce a new partnership with Stripe Capital to provide access to fast, flexible financing so our customers can more easily invest in their future and the growth of their businesses.
With Time To Pet + Stripe Capital, pet care businesses can access flexible, on-demand financing. There are no lengthy applications or personal credit checks required. Eligible businesses are automatically pre-qualified and can receive funds as soon as two business days after they are approved. In fact, businesses that accept financing through Stripe Capital grow revenue 114% faster than their peers.
Benefits of Time To Pet + Stripe Capital
- No lengthy application: There’s no personal credit check and no complicated application process. Eligibility is based on factors like your payment volume and history on Time To Pet Payments powered by Stripe.
- Get funds quickly: Funds typically arrive in as soon as 2 business days, directly into your Time To Pet 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: Repayment is fully automated and adjusts to your daily sales. Stripe deducts a fixed percentage of your sales until the total owed is repaid. Every loan has a minimum amount due each repayment period. If the total amount repaid through sales doesn’t cover the minimum, you need to pay the remaining balance at the end of the period. Automated repayments count towards this minimum.
How Time To Pet + Stripe Capital Works
- Check your eligibility: Check your email to see if you’re eligible for an offer based on factors that include your payment volume and history on Time To Pet Payments.
- Select your offer: Select the amount that’s right for your business needs. The loan fee and repayment rate are set based on the loan amount.
- Receive your funds: After your application is reviewed, if you are approved the funds are deposited into your Time To Pet Payments account, typically as soon as 2 business days after approval.
- Pay down as you earn: You’ll automatically repay the loan with a fixed percentage of your daily sales, until the total amount is repaid. Every loan has a minimum amount due each repayment period. If the total amount repaid through sales doesn’t cover the minimum, you need to pay the remaining balance at the end of the period. Automated repayments count towards this minimum.
Please note that eligibility is based on a combination of factors, such as your payment history on Time To Pet Payments. 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.
If you’d like to receive a financing offer, but aren’t eligible at this time, we recommend migrating more of your business’ payments to Time To Pet Payments. While not guaranteed, increased payment volume and your history with Time To Pet Payments might increase your likelihood of getting a financing offer.
For more information, please check our our help doc on Time To Pet + Stripe Capital.
Loans are issued by Celtic Bank and powered by Stripe. All loans subject to credit approval.
