Here at Sawyer, our mission is to make starting, growing, and managing a children's activity business easier, more enjoyable, and more profitable. One of the most challenging parts of growing a children’s activity business can be accessing the financing required to move it forward.

Whether you have an opportunity to expand your business into another city, build your dream facility, or invest in your team's education and skills, businesses of all sizes may need access to capital at some point. For many children's activity business owners, it can be hard to find financing opportunities.

Today, we are very excited to announce a new opportunity with Stripe Capital to provide access to fast, flexible financing so our providers can more easily invest in their future and the growth of their businesses.

With the support of Stripe Capital, children's activity businesses can access flexible, on-demand financing. There are no lengthy applications or personal credit checks required. Eligible businesses are automatically pre-qualified and can receive funds as quickly as two business days if they are approved.

Benefits of Stripe Capital

• No lengthy application: There’s no personal credit check and no complicated application process. Eligibility is based on factors like your payment volume and history of Sawyer payments powered by Stripe.
• Get funds quickly: Funds typically arrive in as soon as 2 business days, directly into your bank account.
• One flat fee: Pay one flat fee that never changes. There are no compounding interest charges or late fees.
• Pay when you get paid: Repayment is fully automated and adjusts to your daily sales. Stripe deducts a fixed percentage of your sales until the total owed is repaid. Every loan has a minimum amount due each repayment period. If the total amount repaid through sales doesn’t cover the minimum, you need to pay the remaining balance at the end of the period. Automated repayments count towards this minimum.

How Stripe Capital works

• Check your eligibility: If you’re eligible, based on factors that include your payment volume and history on Sawyer, you will receive a capital offer via email.
• Select your offer: Select the amount that’s right for your business needs. The loan fee and repayment rate are set based on the loan amount.
• Receive your funds: After your application is reviewed, if you are approved the funds are deposited into your bank account, typically as soon as 2 business days after approval.
• Pay down as you earn: You’ll automatically repay the loan with a fixed percentage of your daily sales, until the total amount is repaid. Every loan has a minimum amount due each repayment period. If the total amount repaid through sales doesn’t cover the minimum, you need to pay the remaining balance at the end of the period. Automated repayments count towards this minimum.

Please note that eligibility is based on a combination of factors, such as your payment volume and history on Stripe. If you’re eligible for an offer, Stripe will send you an email. If you haven’t received any notification, that means you’re not eligible for an offer at this time.

If you’d like to receive a financing offer, but aren’t eligible at this time, we recommend migrating more of your business’ payments to Sawyer. While not guaranteed, increased payment volume and your history with Stripe through Sawyer might increase your likelihood of getting a financing offer through Stripe Capital.

For more information, please check out our Help Center article on Stripe Capital.

Loans are issued by Celtic Bank and powered by Stripe. All loans subject to credit approval.