How do Capital Advance fees work?

Note: Autobooks Capital is not available to all Autobooks users. If Autobooks Capital is not present in your Autobooks account, you may not qualify for Autobooks Capital OR your financial institution may not offer it.

When you advance funds, we charge a fee (called a Capital Fee) that is added to the amount you advance. This is how your total repayment amount is calculated.

When you draw your advance, we will display your Capital Fee along with your maximum weekly payment for your repayment period.

AdvanceSummary

We debit payments weekly and will adjust each weekly payment based on your sales or revenue, up to the maximum weekly payment amount. Weekly payments continue until you pay down the total repayment amount.