Getting Started
- Who is Parafin?
- What happens if I close my account?
- What happens if I close or sell my business?
- Does the Term Loan affect my credit score?
- What is the capital fee?
- Do you require personal guarantees or other collateral?
Eligibility
- How could linking my bank account with Plaid help get me better offers?
- How do I accept my updated offer?
- Why did my offer get updated?
- How do I get multiple financing options?
- What if I don’t have a loan offer?
- How do I get more money?
Accepting an Offer
- How long will it take to review my application?
- Why is my application “In Review?”
- How soon do I get access to my loan?
- How are the funds sent to me?
- Why do I need to verify my bank account?
- Why do I need to provide personal and business information?
Repayment
- Why is the repayment rate on my new offer higher than usual?
- How do I get statements or my loan agreement for my loan?
- Can I repay my Term Loan early?
- What happens if I miss a repayment?
- Are there late fees?
- What happens if my sales slow down?