It varies by business. Sales-based repayments will match your current sales payout schedule (daily, weekly, etc).
Minimum repayments are required every 30-day repayment period. 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.