Key Features

1. Effortless Application Process: Businesses can apply for funding directly from their SpotOn Dashboard. The application process is simple and does not require tax returns or receipts.
2. Fast Funding: Approved applicants can receive funds as quickly as the next business day, providing immediate access to capital when it’s needed most.
3. Flexible Repayment: Repayment is based on a fixed percentage of daily credit card sales. This means businesses pay more when sales are high and less when sales are slow, easing the burden during slower periods.
4. No Hidden Fees: SpotOn Capital charges a single fixed fee based on the loan amount. There are no periodic interest charges, monthly bills, late fees, or prepayment penalties.
5. Dashboard Management: Businesses can manage their loans through the SpotOn Dashboard, where they can view signed documents, track progress, and make additional payments without any fees.
6. Renewable Funding: Once a loan is repaid, businesses can apply for additional funding, allowing for continuous access to capital as needed.

Benefits

• Quick Access to Capital: SpotOn Capital provides a fast and straightforward way for businesses to obtain the funds they need to grow, manage cash flow, or cover unexpected expenses.
• Simplified Repayment: The repayment process is automated and adjusts with the business’s sales performance, making it easier to manage cash flow.
• Transparency and Predictability: With a fixed fee and no hidden charges, businesses know exactly what they will pay, making financial planning simpler.
• Enhanced Business Operations: Access to capital allows businesses to invest in new equipment, renovations, inventory, or other operational needs without the lengthy approval processes of traditional loans.

SpotOn Capital is designed to support small businesses by providing the financial resources they need to succeed, with a focus on simplicity, speed, and flexibility.