Simple funding for your business
Providing quick and easy funding solutions for Gravity merchants to grow, evolve or sustain their businesses.
How Gravity Capital Works
Apply
Complete an application and provide the most recent four months of bank and credit card processing statements.
If you are applying for $50,000 or more, please include a year-to-date and last year’s income statement (profit and loss statement) and balance sheet.
Review
Once your application is submitted our team will get back to you within 24 hours. You will then be given an option to choose a factor rate and holdback percentage that works for your business.
If your application is missing any documentation or the team has additional questions, we will reach out to you for clarification.
Get Funded
Once you've chosen a funding option, money can be in your bank account as soon as the next day.
Gravity Capital Repayment Calculator
Find out how much you could qualify for and what your repayment amount would be.*
*This is for illustrative and educational purposes only. The final factor rate, holdback percentage, and the total payback amount are determined by factors such as your financial statements, the health of the business, bank statements, and credit history subject to Gravity Capital's approval and final determination.
*This is for illustrative and educational purposes only. The final factor rate, holdback percentage, and the total payback amount are determined by factors such as your financial statements, the health of the business, bank statements, and credit history subject to Gravity Capital's approval and final determination.
Sample Repayment Schedule
Use the chart below for examples on how much of your daily sales go toward repayment based off of different repayment rates.*
${{ qualifiedAmount().toLocaleString() }}
${{ gravityCapitalRepaymentFeeLow().toLocaleString() }} - ${{ gravityCapitalRepaymentFeeHigh().toLocaleString() }} fee
*All numbers and information are examples for educational purposes only.
Daily Sales
{{ getDailyRate() }}% of sales toward repayment
*All numbers and information are examples for educational purposes only.
HEAR FROM A BUSINESS OWNER
Manhatten Seattle
"The working capital program gives us a little bit of flexibility without leading us into more debt."
“Gravity Payments’ Working Capital Program provided me the funding I needed to finish a large patio addition. It was great not to have to mess with the process and red tape of a standard bank loan.”
– James S., Pecado Bueno
Ready to get started?
Start an application with the form below, schedule a call, or email us at [email protected]
Apply Now
Let's Chat
Interested in speaking with dedicated specialist? Schedule a time that’s convenient for you.
FAQ
How do I apply?
You can start an application by completing the short form above. Once you fill out the form and click “Start my application!”. You will receive an email with instructions and a link to your DocuSign application.
How much can I apply for?
We will often approve up to 80% of your business’s average monthly credit card processing volume. So for example, if your business processes $10,000 per month in credit card sales, you could apply for any amount up to $8,000.
What documents are required to apply?
For amounts $50,000 and under, you will need to provide your 4 most recent months of bank statements, and if you have been a Gravity customer less than 4 months, we’ll ask for 4 months of card processing statements as well.
For amounts over $50,000, you’ll be asked for the above, along with your YTD and prior year Income Statement and Balance Sheet.
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 funding agreement. Once this is signed, you can expect the funds to be available within 1-2 business days.
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?
We are unable to approve funding for businesses that have a separate advance with another provider of short term funds. Once your advance is paid, you are eligible to apply with Gravity Capital.
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: $800
Payback Amount: $10,800
Sales toward repayment: 10%
Option 2
Funding Amount: $10,000
Financing Fee: $1000
Payback Amount: $11,000
Sales toward repayment: 8%
Option 3
Funding Amount: $10,000
Financing Fee: $1,200
Payback Amount: $11,200
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 $10,800. Their outstanding balance is now $10,750, 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?
Once you have been deemed eligible for Gravity Capital by our other underwriting standards we do complete a credit check which may affect your credit score. We only do this once you have been determined to be eligible based on your processing history, bank statements and financials (if applicable).
What happens if my business closes for a period of time?
If this happens to you, reach out to us at [email protected] to develop a plan together.