How it works
Parafin is a finance partner who focuses on small businesses. Mad Mobile has partnered with Parafin to provide funding to merchants. All financing and payment is governed by Parafin’s terms and conditions. To learn more abuot Parafin, visit parafin.com.
Eligibility for financing through CAKE Capital is currently limited to select merchants with a sustained sales history through our platform. New merchants are not immediately qualified for the CAKE Capital program.
Your total payment of a CAKE Capital offer includes:
- The total cash advance requested
- A one-time fee
CAKE Capital is considered a cash advance, not a loan. Your payment will not include interest.
Payment durations are solely dependent on the terms and conditions you accept when reviewing your offer. Payment schedules are typically between 6-9 months.
Yes, your CAKE Capital offer can be paid early, at no extra cost to you, but this is not required. Payment is automatically collected each month based on the sales percentage you agreed to while selecting your terms.
No, your Capital offer will not affect your credit score. There are no credit checks during the approval process, and we do not require guarantees to get an offer for your restaurant.