Whether you’re looking to invest in new equipment, expand your business, or improve cash flow, this FAQ helps you understand the process from start to finish so you can make confident financial decisions for your business.
What is Business Financing?
Business Financing at Housecall Pro refers to funding options available to help your business grow and manage cash flow. Through partnerships with providers like Stripe Capital, Fundbox, and Pipe, Housecall Pro offers access to funds that can be used for hiring staff, purchasing materials, or simply maintaining cash reserves during slower periods. These financing options are designed to be easy to apply for, with quick decisions and fast access to funds if approved. The process is streamlined, and you can manage your offers and applications directly within your Housecall Pro account.
How do I find my Business Financing offers?
To view your potential Business Financing offers:
Log in to your Housecall Pro account via the web portal and go to the My Money section.
There, you can check the Business Financing tab to see if you have any current offers from partners like Stripe Capital, Fundbox, or Pipe.
If you qualify for an offer, you will also receive an email notification. The specific offers available to you depend on factors such as your business's payment volume and account history. Each offer will show the maximum amount you can request, and you can choose any amount up to that limit when applying.
What are my potential fees from these offers?
The potential fees for Business Financing offers through Housecall Pro depend on the type of financing you choose. Typically, it will be one flat fee that is disclosed upfront when you review your offer. There are no compounding interest charges, late fees, or early payoff fees for any of our offerings.
All fees and payment terms will be shown to you before you accept any offer, so you can review and understand the costs involved before proceeding.
What can I use the funds for?
You can use the funds from Business Financing through Housecall Pro for a variety of business needs, such as hiring technicians, purchasing materials, or simply having cash on hand to manage your business during slower periods. The funds are intended to help you grow and support your business operations.
How do I become eligible?
Typically, for all Business Financing options through Housecall Pro, your credit card and ACH processing volume through Housecall Pro will have a direct impact on your offer size. Maintaining strong business activity within Housecall Pro increases your chances.
For Fundbox offers, you should have at least 6 months in business and $100,000 or more in annual revenue.
How much can I borrow?
The amount you can borrow through Housecall Pro's Business Financing options depends on your business's financial profile and the specific financing partner.
Typically, for Business Financing options through Housecall Pro, your credit card and ACH processing volume through Housecall Pro will have a direct impact on your offer size. You can view your specific offer amount in the My Money section of your Housecall Pro account if you qualify.
What are the interest rates or APR?
For Business Financing offers, instead of an APR, you typically pay a one-time flat fee that is disclosed upfront when you review your offer – there are no compounding interest charges, late fees, or early payoff fees. All terms and fees will be clearly shown to you before you accept any offer.
How does repayment/payment work?
Payment terms for Business Financing through Housecall Pro are highly dependent on the partner offer you receive.
For offers via Pipe and for Merchant Cash Advance offers via Stripe Capital, there is no fixed term or end date, and no required minimum payments. The timeline depends on your sales volume—when business is slower, you pay back less, and when business is strong, you pay back more.
For other types of offers via Stripe Capital, payments are also dependent on your sales volume; however, there are minimum payment requirements for each period. If your payments through sales don’t meet the minimum, the remaining amount will be debited from your bank account at the end of the period.
For offers via Fundbox, there is a fixed weekly payment. You have the option when drawing from your line of credit to choose between multiple payment lengths.
You can pay off your financing early at any time without any additional fees.
Are these fixed or variable interest rates?
The fee you pay is highly dependent on the partner. For Business Financing through Stripe Capital or Pipe, instead of an APR, you pay a one-time flat fee that is disclosed upfront when you review your offer—there are no compounding interest charges, late fees, or early payoff fees. All terms and fees will be clearly shown to you before you accept any offer.
Do you check my personal credit or just my business credit?
For Business Financing through Housecall Pro, the type of credit check depends on the financing partner:
For Stripe Capital, eligibility is mainly based on your business's payment volume and account history. In some cases, a personal credit check may be required, but you will be notified during the application process if this is needed. If a personal credit check is performed, it will not affect your personal credit score.
For Pipe, unlike traditional capital options, there are no credit checks and no personal guarantees involved with Pipe. This allows you to access the working capital you need without risking your personal assets or finances.
For Fundbox, your personal credit score is considered, and a one-time hard credit inquiry is made when you draw funds for the first time. Applying for a Fundbox line of credit does not impact your credit score; only drawing funds does.
How long does it take to get approved?
For Business Financing through Housecall Pro:
If you apply for a Fundbox Line of Credit, you can receive a credit decision in as few as 3 minutes. If approved, funds can be available as soon as the next business day.
For Stripe Capital and Pipe, once your application is approved, funds are typically transferred to your account within 1-2 business days.
What documents or information do I need to apply?
Applying for Business Financing offerings through Housecall Pro is typically quick and easy. Much of your business information may already be pre-filled in your application, and so you will need to confirm its details or add any missing details. You may also be asked to connect your business bank account if you haven’t already done so.
All required information will be clearly requested during the application process.
Can I make extra payments or pay off early without penalties?
You can pay off your financing early at any time without any additional fees.
For Stripe to do this, select the VIEW DETAILS button from your Financing overview card, which will direct you to a Stripe dashboard where you can make a manual payment.
For Pipe, reach out to their customer support team via the Capital Offer tab.
For Fundbox, you can repay early via the Line of Credit tab.
What is the Business Card?
The Business Card is a charge card via Pipe that earns you 1.5% cash back on all purchases and can be paid back via a Pipe advance or a bank debit.
Note that the Business Card is a newer offering that has limited access. If you’re interested, please reach out to our Support team via the Blue Chat Bubble.
What is Invoice Funding?
Housecall Pro offers the ability to fund your unpaid eligible invoices from your customers. If eligible, you can fund your invoice via the Invoices page within the Customers section.
Currently, this product is only available to a select audience; however, if interested, please reach out to our Support team via the Blue Chat Bubble.
What is the Line of Credit offer?
Housecall Pro is partnered with Fundbox to provide Pros with the funding their businesses need to grow and thrive. Fundbox is a financial solutions platform dedicated to transforming the way small businesses manage their finances with fast and easy access to working capital through revolving lines of credit.
What is the Capital offer?
Based on your business’s performance, you’ve been pre-approved to access capital through Housecall Pro’s partnership with Pipe! You can choose to access as much or as little of your offer as needed, with payments tied to a percentage of your revenue and debited from your linked bank account. You’ll be automatically evaluated for additional offers, so you can rely on continued access to capital.
What is the Financing offer?
Housecall Pro is partnered with Stripe Capital to provide you with working capital to help grow and manage your business. These offers are based on factors such as your business's payment volume and account history within Housecall Pro. Payment terms are flexible and typically tied to a percentage of your revenue, so payments adjust based on your business activity.
Need help or have questions?
We're here for you! Chat with Support using the Blue Chat Bubble in your Housecall Pro account, or give us a call at (858) 842-5746.