We’re thrilled to share that InkSoft Capital, powered by Parafin, is coming in July as an added benefit of InkSoft Payments for customers who qualify. Whether you’re a one-person show or a booming contract decorator, this service gives you an easy way to access cash and invest in your business’s growth. And, it can make more sense for print shops because of how payments and terms are structured. Read on to learn more.

What is InkSoft Capital?

It is a flexible loan program brought to you by our partners at Parafin. It provides fast and flexible funding to eligible InkSoft customers based on your InkSoft sales history. You can use the funds for business purposes such as equipment upgrades and repairs, payroll and hiring, and even expansion to new locations. InkSoft Capital will only be available to qualifying customers that upgrade to InkSoft’s embedded payments. If you haven’t already, make sure to sign up today in your InkSoft dashboard!

If you’re not currently an InkSoft customer and are interested in taking advantage of this program, schedule a demo to learn more about InkSoft Capital and all of our platform’s features.  

Why does it make sense for print shops?

Running a print shop is different than running other businesses. You’ve got busy and quiet seasons that fluctuate with customer order volume based on things like back-to-school, the winter holidays, and summer events. And expansion can mean different things for a shop-physically expanding your building, adding new equipment to your production floor, or bringing on new team members to keep up with order volume.

Here are a few key reasons why InkSoft Capital, powered by Parafin, is an excellent option for growing and improving your business. 

Fixed Fees

We don’t have to tell you that the current market is rough for businesses and customers. Prices have jumped on many products, and some experts note that business owners looking to access credit or take out a loan are feeling the pinch. So, if you’re looking to grow your business, it could be challenging if you’re not already in the black with a good credit rating.

Enter InkSoft Capital with a simpler, more straightforward option. You won’t have to stress about fluctuating interest rates or confusing fees, so you can focus on expanding your shop in whatever suits your needs. 

Each loan offer has a capital fee that varies by offer size and business performance. This transparent, fixed fee never changes during the duration of your loan. The capital fee is combined with your loan into a total owed amount.

Aside from the fixed fee mentioned above, you won’t be saddled with additional interest charges, so you’ll have a clearer picture of how much you need to pay back. As a business owner, you’ll be better positioned to stay on top of your cash flow. 

Easy Application Process

With InkSoft Capital, your loan offer pre-qualification is based on your sales history. So, if your shop increases your sales and maintains consistent sales over time, it’ll help increase your chances of getting an offer. 

This pre-qualification method helps streamline the application process too. Since everything’s done online, it’s less time away from your business. That means no scheduling appointments at the bank and being stuck there all afternoon or complicated processes where you need to dig through years of paperwork in your front office. 

 If you prequalify, you can apply for a loan, which would save you time and give you more room to focus on running your business.  

Sales-Based Repayments 

Your loan repayments are based on a fixed percentage of your sales, which means they’ll be manageable with your existing overhead. You’ll still need to make a minimum monthly payment, but with this structure, you won’t be navigating steep monthly charges like, for example, a credit card with prohibitive interest fees. 

This benefits your shop when you hit seasonal lulls like the usual November-December slump. You’ll be able to plan ahead since you’ll already know how much to budget monthly for your payment. And payments are automated each month, making them easy to keep track of. 

NOTE: You’ll also need to process InkSoft embedded payments throughout your repayment period, so the sooner you’re enrolled, the better. 

A Tool for Growth

We listed a few options on what you might do with the money from InkSoft Capital, but it all comes down to what you need to grow your shop and stay profitable. Maybe a few more people on the production crew could help you ramp up your order volume, or a new auto press can help you crank out more shirts in a day. Maybe you’re interested in adding to your current shop with more warehouse space, or perhaps you’re looking to relocate your shop to a more central part of town. 

Or, it could be as simple as investing in training for your current team so everyone is as agile and multitalented as possible. The list is endless. 

And if you’re wondering about the impact capital financing can have on your business, consider this: Parafin funded more than 7,000 small businesses last year with over $99 million, and this year they’ve already funded over 5,000 businesses with $76 million in offers.

Eligible customers will receive offers in July, so don’t wait on this excellent opportunity.  

Ready to grow your business with InkSoft Capital? Start by signing up for InkSoft Payments in your dashboard. The InkSoft Payments sign-up takes a few minutes, and most shops are approved for embedded payments in 1-3 business days. 

Not a customer? Take a tour today and learn more about how to get started.


Questions about InkSoft Capital? Email: inksoft-capital@parafin.com or check out their FAQ.

All loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Loans are governed by the Loan Agreement and Parafin’s Privacy Policy. Bank transfers are subject to review.

InkSoft Capital Program is only available to Customers that are utilizing InkSoft Payments. Customers must continue use of InkSoft Payments until their Inksoft Capital loan is paid off.