Autobooks Capital

Offer Working Capital to Small Businesses

Enable short-term funding for small business customers with no lift for your team — directly inside Autobooks.

Autobooks Capital makes it easy to offer the short‑term funding your small business customers need to grow — right inside Autobooks.

Provide easy access to the funding small business customers need to meet payroll, hire their first employee, launch a new marketing campaign or stock inventory to meet customer demand.

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Offer fast access to funds. 

When your customers are ready to grow, access to capital shouldn’t hold them back. Funds can be available as soon as the next business day.

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Flexible, short-term funding.

Enable businesses to access only the funds they need to invest in operations or cover expenses. Payments adjust with their cash flow, and there’s no impact on personal credit scores.

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No lift for your financial institution. 

The Autobooks Capital team handles everything, from application through servicing.

How it works 

Autobooks Capital provides Small Business Customers fast access to funds, with no impact to personal credit scores.

The funding your small business customers need to grow their businesses in the same place they manage their banking. 

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Businesses will receive an offer inside of their Autobooks account or via email if they are pre-qualified for funding.

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Small business customers can navigate to the Capital tab within their Autobooks account to view their offer and apply. If needed, they'll be prompted to provide additional information.

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After submitting their application, they should receive a decision in minutes.

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If they're approved, they can draw the funds they need to grow their business. Funds can arrive as soon as the next business day, and they are always deposited directly into their business checking account with your financial institution. 

Small business owners use Autobooks Capital to grow their business operations.

Provide your customers access to the funding and tools they need to get paid online — all within their business checking account at your financial institution.

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Hire new employees to take on additional work. 

Business owners can spend time focusing on bringing in the right people to grow their business, not worrying about if they have funds to cover the costs.

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Purchase materials or stock inventory in advance. 

Businesses can keep up with customer demand and make sure they always have what they need to say yes to their customers.

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Help customers fund new marketing campaigns and grow.

Businesses can invest in new strategies, or double down on what's already working to grow their business. 

Frequently asked questions

How does a Small Business apply for an Autobooks Capital advance line?

If a small business is eligible for an Autobooks Capital advance line, they can simply navigate to the Capital tab in their Autobooks account and follow the prompts to apply.

If a small business customer does not see the Capital tab, their business does not meet current eligibility requirements. Periodically, their business may be automatically re-evaluated to see if they meet eligibility.

Does Autobooks Capital require a hard credit pull for small business customers?

No, unlike a traditional loan, an Autobooks Capital advance line does not require a hard credit pull. Only a soft credit pull is required at the time of application.

Are there interest rates for Autobooks Capital advance lines?

No, there is not an interest rate as an Autobooks Capital advance line is not a loan. However, customers will pay a Capital Fee as part of their repayment.

Are there fees when taking an advance from an Autobooks Capital advance line?

Yes, when a customer takes a Capital Advance, a Capital Fee is added to the amount drawn to calculate the total repayment. Weekly payments are automatically debited and adjust based on revenue, up to a set maximum, until the full amount is repaid. Customers see both the Capital Fee and the maximum weekly payment before confirming their draw.

How does a Small Business take an advance from their Autobooks Capital advance line?

To take an advance from Autobooks Capital, a customer can enter the amount they'd like (minimum $1,000 for the first draw, $100 thereafter) up to their approved limit, then review and accept the terms.

If it’s their first advance, the customer will need to e-sign the Capital Advance Agreement in a new browser window before funds are released.

How can my financial institution see who is using Autobooks Capital?

You can view usage data for Autobooks Capital by logging into the Autobooks Hub under the Data tab. 

How do repayments work?

Repayments for Autobooks Capital advances are automatically initiated from your customer's connected checking account every Wednesday and should be debited within the following 2 business days, with a single transaction covering all active advances. Each advance has its own repayment schedule, and the available advance balance updates within three business days after a draw is fully repaid.

Where can we learn more about Autobooks Capital?

Check out our support center to learn more about how Autobooks Capital works.

 

Autobooks Capital offers and funding are provided by Fundbox, an external third-party provider.

 

See how else Autobooks can help you manage your cash flow.