Flex loans give access to funding that can be used to help run and grow your business. Applying doesn’t affect your credit score and doesn’t require any personal guarantees or collateral.
Unlike a traditional loan, our flex loans don’t charge recurring interest, only a one-time fixed capital fee.
You can use the funds for any business purpose – repairs, remodeling, payroll and hiring, and even expansion to new locations.
Minimum repayments are required every 30 day repayment period. Repayments are automatic, based on a fixed percentage of your sales, which count toward your minimum. If you don't reach the minimum with sales-based repayments by the end of the period, we automatically deduct the difference from your bank account.
All loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice.
Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.