Check out BANKROLL!
Our revolving line of credit, industry-leading features:
Max approval amounts up to $1M with minimum initial loan of only $5K
Max amortizing term up to 36 months with fixed weekly payments
A revolving period of up to 1 year (52 weeks)
Unlimited draws of $5,000 or more during the revolving period*
Unlimited partial principal paydowns of $5K or more during revolving period
Every payment made and partial principal paydown frees up line availability
Finance charges accrue and are collected weekly
No minimum finance charges required
Pay off or pay down without penalty
Closing points only charged on cash out
*To qualify a merchant must have been in business 4 years or more, with a guarantor that owns a home and has an Equifax Beacon Score of 651 or more. Merchant draw requests will receive a desktop underwriting to ensure the Merchant’s creditworthiness has not materially changed since the original Loan was initiated. The Merchant will be required to submit updated bank transactional data via PLAID or via paper statements prior to a draw request being funded. Catapult will strive to fund all qualified draw requests within 2 business days of receipt.
THE ULTIMATE REVOLVING LINE OF CREDIT
Catapult is incredibly proud of the latest addition to our product line, BANKROLL, the ultimate revolving line of credit! BANKROLL addresses the #1 concern of business owners everywhere who require the flexibility to access capital while keeping their cash flow stable. We do this by providing merchants their MAX loan amount (up to $1,000,000), a fixed loan term (up to 36 months), and a fixed weekly payment, plus the flexibility to pay down or borrow additional funds on an unlimited basis! You decide when you want to borrow, how much you want to borrow, the size of your payment, how much in finance charges you will pay, and how long to keep the loan. You are in complete control based upon your unique business needs that may change over time. And, Bankroll provides early payoff without penalty anytime during the loan!