The cash advance offer you receive is the best offer available to your business at that time. Once you have accepted an offer, we’re not able to modify the terms or add more funds to the advance.
You may be offered a net top-up toward the end of the life of an advance. A net top-up is a second advance, part of which is used to pay off the remaining balance of the current advance. If eligible, you will see the net top-up offer displayed in your payment dashboard.
For example, you have a cash advance of $10,000. You have paid back $8,000 of this advance, and are approved for a $15,000 net top-up. After accepting the $15,000 offer, you will receive a total of $13,000 in your bank account after $2,000 is deducted to pay off the remaining balance of the original $10,000 advance.
For any subsequent advances, an ACH transfer for the new advance will only be initiated after your previous advance has been paid off. It may take up to 5 days for your most recent payment to process before the new ACH transfer is initiated.
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 Merchant cash offers and advances and bank transfers are subject to review and may be rescinded.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.