Introducing Stitch Express Business Funding: working capital that’s repaid as you sell
Stitch Express Business Funding gives eligible Express merchants a working capital funding based on the sales they already process through Stitch. There are no lengthy forms, and payment towards the funding is made automatically as a percentage of each sale. Get an outcome on your application immediately, and if approved, the funding reflects in your Express balance within seconds.
Running a growing business means your cash flow is constantly changing. Regardless of whether it’s a strong month or a slow month, stock, rent and salaries still need to be paid. Traditional business loans also usually come with long application forms and fixed monthly repayments that add to monthly expenses.
Stitch Express Business Funding works differently: it gives you a working capital funding based on the sales you already process through Stitch Express, and you pay it back from your sales. This means that, when applying for Business Funding, you know the outcome of your application instantly, receive money in your Express balance within seconds of approval and repay seamlessly.
What is Stitch Business Funding?
Stitch Business Funding gives your business a lump sum of working capital upfront. The amount you may qualify for is determined based on your existing transaction history with Stitch Express. You make payment towards the funding as a percentage of your future sales. This means that instead of lending you money, Stitch is buying a share of your future sales and paying you upfront for it.
How Stitch Express Business Funding works
If you already use Stitch Express to accept online payments or in-person payments, the process takes three steps:
- Check if you qualify. If you’ve been transacting with Stitch for more than six months, you can log into your Stitch Express dashboard to see if you are eligible to apply for funding. You can also reach out to our sales team for more information.
- Choose your amount. Choose the funding amount that you need up to your eligible amount and review the application details, then share your bank statements to apply for the funding.
- Get funded. You get an immediate response to your application and, if approved, the funds land in your Express balance within seconds. From then on we keep a set percentage of each sale until the agreed amount is collected.
Your offer is based on your trading history
Because you already process sales through Stitch Express, we have most of the information we need. Your offer is calculated from your transaction history with Stitch, so there are no lengthy forms to fill in.
Repayments that move with your sales
With Stitch Express Business Funding, collections on the funding move with your sales. A busy week clears more of your balance, while a slower week means smaller payments towards the funding. This means that a quieter period for your business won’t put extra strain on your finances.
One provider, one relationship
Stitch funds you directly, so you won't deal with third-party lenders, extra applications or several different contacts. You use the same provider for your payments and your working capital, and that provider already knows how your business trades.
Eligible offer grows as your business grows
The stronger your sales, the more you could qualify for on your next funding offer. As your business grows on Stitch Express, the funding available to you can grow too.
See what you could qualify for
If you're a Stitch Express merchant, log in to your dashboard to see if an offer is waiting for you, or get in touch with our team to learn more.
FAQs
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