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GENIUS LOANS

Financing to grow your business

Get fast, flexible financing of up to $250,000 to grow your business.

Funds as soon as 2 business days

If approved, funds typically arrive as soon as 2 business days, directly into your bank account.

Easy apply and no impact to your personal credit

Eligibility is based on payment history with GlossGenius - no complicated applications!

Pay automatically through your sales

Pay less during slow periods and more when business is strong, with a percentage of your sales through GlossGenius.*

One flat fee

No compounding interest charges, collateral obligations, or late fees.
“Discovering the seamless funding on Genius loans was so unexpected, but super easy to apply for. Catching up on some overdue bills was a god send!!”
Reecy Johnson
Hair By Reecy
“I got my funding within 3 days. I was able to pay my rent for the year, get supplies, and have a little cushion for if things continue to be slow. It has definitely kept me afloat to finish the year strong.”
Jada Crawford
The Skin Studio By Jada, Memphis, TN
“Genius Loans became more than just a financial aid; it became a strategic partner in the success of my hairstyling business.”
Kipling Mercer
Studio 55

How it works

  • Check your eligibility

    Head to your app > More > “Genius Loans”, to see if you’re currently eligible.

  • Select your offer

    Select the amount that’s right for your business needs. The fee and repayment rate are set based on the accepted amount.

  • Receive your funds

    After your selection is reviewed and if approved, the funds will be deposited into your bank account, typically as soon as 2 business days.

  • Pay toward your financing as you earn

    A fixed percentage of your daily sales will automatically go toward your financed amount.*

FAQ

Can I pay my financing early?

Yes, you can make additional payments or pay the total amount financed in full at any point by clicking the “Make Payment” button in the Stripe financing overview page. There are no additional fees for early payment, and the flat fee will remain the same whether or not you decide to pay early.

How do I make a payment towards my financing?

Payment towards your financing (Loan or Merchant Cash Advance) is collected automatically through a percentage of your GlossGenius sales as they are processed. The payment terms for your offer will be detailed during the application process.If you have a loan and it has a fixed payment, GlossGenius stops withholding from your sales when you meet the fixed payment amount.

What is a minimum payment for GlossGenius Financing Loans?

A minimum payment is the minimum amount that you’re required to pay every payment period. Your payment period will be determined during underwriting and based on the total term of your financing offer. If your automatic payments do not meet the minimum within the payment period, you’ll be required to pay the remaining amount at the end of the period via an automatic debit from your bank account. You can view your minimum payment amount in your financing agreement.

What is the difference between a Loan and a Merchant Cash Advance?

GlossGenius Financing offers two types of financial products, Loans and Merchant Cash Advances. Users will be offered one or the other based on the best fit determined by their payment processing history; users will not be able to choose which type of financing they are offered.

  • Loans: Business-purpose term loans that are made by Celtic Bank to eligible merchants. These loans have a maximum term and periodic payments. If withholdings from payment processing receivables don’t meet a minimum amount (typically on a 30 or 60-day basis), shortfalls are debited from a linked bank account.
  • Merchant cash advance: A merchant cash advance is a purchase of a merchant’s future receivables by YouLend. It’s not a loan or credit transaction. Purchased receivables are withheld from the merchant’s payment processing volume in a percentage specified in the YouLend Advance Agreement. Unlike a loan, there’s no fixed payment schedule or periodic debits. Instead, a merchant’s payments vary based on payment processing volumes.

Will applying for an offer affect my personal credit rating?

Applying for financing through GlossGenius Financing might include a soft personal credit check under some circumstances; however,this soft credit check doesn’t affect your personal credit score. If a personal soft credit check is required, you will be notified during the application process. Offers are determined based on a number of factors with payment volume and your history of payments through GlossGenius as the primary qualifiers.

Will paying early qualify me for a new offer?

As you make substantial progress on paying towards existing financing or pay the total amount owed, you will automatically be evaluated for a new offer. Paying early does not automatically qualify you for a new offer. Each financing offer is available for 30 days. After that point, your business will automatically be re-evaluated to see if you are eligible for an additional offer.

*Stripe Capital offers financing types that include loans and merchant cash advances. All financing applications are subject to review prior to approval. In the US, Stripe Capital loans are issued by Celtic Bank, and YouLend provides Stripe Capital merchant cash advances.Stripe Capital loans have a minimum amount due each payment period, and if the minimum amount that you pay through sales doesn’t meet the minimum your account will be automatically debited the remaining amount at the end of the period. If your loan has a fixed payment, Stripe stops withholding from your Stripe sales when you meet the fixed payment amount. The payment terms for your offer will be detailed during the application process.

Run your business the smart and stylish way with GlossGenius.

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