Get the Capital to Secure Your Next Collections This Market Season.
Market season is here. Power your boutique’s inventory growth, pay designer deposits on the spot, and keep your racks stocked with flexible capital tailored for your bridal shop.
Gravity Capital FAQ
How do I apply?
You can start an application by completing the short form above. Once you fill out the form and click “Submit” you will receive an email with a link to a short, 5 minute application.
How much can I apply for?
The amount you can apply for depends on your monthly credit card processing and revenue. The rule of thumb is 1-2x your monthly sales. Please reach out to your rep to learn more.
What documents are required to apply?
For Gravity Capital, all you need is a signed application and 4 months of bank statements. Meanwhile, for Gravity Capital Express, there is no documentation required to apply. During underwriting, our team may ask additional questions or request documentation for clarification.
For Gravity Capital applications requesting $85,000 or more, the following documentation will be required:
- YTD and previous year’s Profit & Loss statements
- YTD and previous year’s Balance sheets
Please direct questions regarding our document requirements to your rep.
How do I repay?
We automatically collect a set percentage of your daily credit card sales and apply this amount to your outstanding balance. You pay a bit more on busy days and less on slower days. This happens before the funds are deposited to your bank account, so you don’t have to worry about remembering to make a payment or funds being automatically withdrawn from your account.
What is the interest rate?
Gravity Capital is not a traditional loan and does not have compounding interest. We agree to a set dollar amount that you will pay back. Every dollar you repay lowers this balance. You can get a complete quote by completing an application.
Once I accept an offer, when will the funds be available in my account?
Once you agree to an offer we will send you our future purchase of receivables agreement. Once this is signed, you can expect the funds to be available within 48 hours.
Can I pay down my Gravity Capital deal early?
Yes! You can pay off the amount owed or make an additional payment at any time. There are no fees for early repayment.
I already have short-term funding from another company, can I use Gravity Capital?
Potentially, you can utilize Gravity Capital with other short-term funding.
Can I see an example?
Of course! Let’s say Ice Cream Shop A applies for $10,000. After a speedy review, we approve them for $10,000 with the following options:
Option 1
Funding Amount: $10,000
Financing Fee: $2,000
Payback Amount: $12,000
Sales toward repayment: 10%
Option 2
Funding Amount: $10,000
Financing Fee: $2,200
Payback Amount: $12,200
Sales toward repayment: 8%
Option 3
Funding Amount: $10,000
Financing Fee: $2,300
Payback Amount: $12,300
Sales toward repayment: 6%
They decide to go with Option 1. The next day, the funds are available in their bank account. At the end of the day, they had $500 in credit card sales. Before that money arrives in their bank account, $50.00 is automatically applied to his outstanding balance of $12,000. Their outstanding balance is now $11,950, and they receive a deposit of $450 to their bank account. This process is then repeated until the balance is paid off.
Will this affect my credit score?
No. We only complete a soft credit check which will not affect your credit score. Those applying for Gravity Capital Lite will not be subject to this soft credit check.
What happens if my business closes for a period of time?
If this happens to you, reach out to us at workingcapital@gravitypayments.com to develop a plan together.
How to Fund Your Dream Bridal Collection Without Straining Cash Flow
With Gravity Capital, you get the upfront business funding you need to place your market orders immediately, paired with simple, sales-matched repayments that keep your off-season cash flow protected.