Each flex loan offer comes with a capital fee that varies by offer size and business performance. This transparent, fixed fee will never change during the duration of your loan. The capital fee is combined with your loan into a total owed amount.
For example, a $10,000 loan may have a capital fee of $750, making the total owed $10,750. Repayments are applied to the entire outstanding balance–there isn’t a specific portion of the repayment that’s allocated to just the fee.
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.