We're thrilled to introduce TenantCloud integration with Stripe Capital—a game-changer for landlords and property managers looking to finance their growth quickly and efficiently. With Stripe Capital loans, you can access working capital for your rental business in just a few clicks, whether you’re enhancing tenant amenities, handling emergency repairs, or investing in new properties. This streamlined business loan feature, now accessible in your TenantCloud account, brings financing within reach without the usual complications.
Key Benefits for Landlords Using Stripe Capital
When it comes to business financing, landlords face unique challenges—cash flow for property maintenance, expansion, and unplanned expenses. Here’s why Stripe Capital makes a difference:
- Fast Access to Funding: Access your financing amount within as soon as two business days to keep cash flowing without delays.
- Simple, Flat Fee Structure: With no hidden fees or interest over time, pay only a flat fee over the life of the loan. Plus, no late fees or penalties for early payments.
- Flexible Repayments*: Repay based on your rental income without impacting your credit approval or score.
- Tailored to Your Needs: Funds are available for any business purpose—from property upgrades to tenant amenities, supporting your rental growth with financial flexibility.
Why Choose Stripe Capital?
Stripe Capital is designed with small businesses in mind, providing Stripe customers easy access to funding. Here’s how it works:
- Easy Application: TenantCloud users will automatically be reviewed for eligibility. If you are eligible to apply an email will be sent to you.
- Flexible Use of Funds: Use funds for property upgrades, rent-ready renovations, new property acquisition or any other business purpose.
- Transparent Repayment Terms*: Repay your loan at a steady pace that aligns with your rental revenue—without any fluctuation or surprise fees.
How Stripe Capital Works
Stripe Capital handles underwriting and servicing to simplify business financing for Stripe customers. Based on your Stripe transaction history and revenue, Stripe Capital pre-screens eligible users. Loan terms offer flexibility, as well as the peace of mind that comes with flat fees and no late fees or penalties for early repayment. Funding offers appear directly on your Capital settings, and offers are valid for up to 30 days.
TenantCloud users can now leverage Stripe Capital to access easier financing, and it’s all backed by Stripe’s seamless finance automation.
How TenantCloud’s Stripe Capital Integration Works
Loan Offer Email
When you become eligible for a Stripe Capital loan, you’ll receive an email detailing your offer. This email will include the maximum loan amount available to you, the flat fee associated with that amount, and the repayment rate. It’s important to note that your loan offer expires after 30 days.
Applying for Your Loan
If you decide to proceed with the loan, simply click the View Your Offer button in the email. This action will redirect you to a page where you can customize the loan terms according to your business needs. You’ll have the flexibility to adjust the amount you wish to borrow using a slider, which will also modify the fee and repayment rate accordingly.
Completing the Application
After customizing your loan amount, you’ll need to provide details about your annual revenue and review your personal and business information. The last step is to confirm your agreement with the terms and conditions of the loan. Once you’ve submitted your application, you’ll receive a confirmation email, and your application will enter the review process. Typically, you can expect a decision within four business days.
Receiving Your Funds
If your application is approved, you’ll receive the funds in your bank account within as soon as two business days after receiving the approval email. You can monitor the status of your loan under the “Online Payment” section → “Stripe Capital” tab. An inbox notification will also confirm your loan approval.
What If Your Application Is Rejected?
In the event your application is not approved, you will receive an email outlining the reasons for rejection. This email will also provide contact information for further inquiries, ensuring you have the support you need to understand your options.
Advantages of Stripe Capital Loan
Here’s how Stripe Capital can empower small businesses with accessible funding options. The straightforward application has no credit score or extensive documentation requirements, allowing quicker access to working capital. Stripe Capital’s low revenue and time-in-business prerequisites make it ideal for new or expanding small businesses that need reliable cash flow support.
- No credit score requirement or documentation is required.
- Low revenue and time in business requirements.
- No prepayment penalties or hidden fees.
Ready to Take the Next Step with TenantCloud?
If you’re looking to expand your rental portfolio, upgrade properties, or handle unexpected costs, Stripe Capital provides the reliable business loan solution you need. Their system pre-screens for eligibility and provides access to a funding offer tailored to meet the unique needs of your rental business. Explore flexible financing options tailored to your business goals.
Loans are Issued by Celtic Bank and powered by Stripe. All loans are subject to credit approval.
*You’ll have a minimum amount due each repayment period, and if the total amount that you repay through sales doesn’t meet the minimum, your bank account or account balance will be automatically debited the remaining amount at the end of the period.
