If you're planning on selling or closing your business and you have an outstanding advance, you need to contact Parafin. For business sales or transfers, Parafin must be notified at least seven days prior to the sale or transfer occurring. If you're planning on closing your business, Parafin needs to be notified as soon as possible. In both cases, Parafin will work with you to walk you through the necessary steps to close out your advance obligations and finalize your account.
Because of the nature of the financing we have provided and obligations it creates, a sale or transfer of your business must also receive Parafin's consent to the sale prior to the sale taking place. Please see our Merchant Terms of Service for more information on sales or transfers.
Merchant cash offers and advances are provided by Parafin and governed by Parafin’s Terms of Service. Merchant cash offers and advances and bank transfers are subject to review and may be rescinded. Merchant cash offers and advances are not extensions of credit or loans and they may not be used for personal, family, or household purposes.