Q: What is Boulevard Capital?
Boulevard Capital is a merchant capital advance program that provides funding based on your sales history and business performance over time. Unlike a loan, there is no interest or late fees. Additionally, no personal collateral is required, and there are no personal guarantees, warrants, or covenants, when you accept.
Q: How does Boulevard Capital work?
Boulevard Capital pre-qualifies customers for tailored offers based on business performance (e.g. sales history). You can choose to accept as much or as little of your offer as you need, with payments tied to a percentage of your daily sales. If you accept your offer, you’ll also have a one-time capital fee added to your total balance, and paid over time.
As you continue to run your business through Boulevard, you’ll be evaluated for additional offers so you can rely on continued access to capital whenever you may need it.
Q: What can I use my advance for?
Use your Boulevard Capital advance to take your business to the next level. Examples include increasing headcount, expanded marketing, renovations, new products and equipment, adding a new location, and so much more.
Q: How do you determine eligibility and offer amounts?
Offers and eligibility are based on your sales and business performance while using Boulevard Payments. Businesses incorporated in the US, typically with at least $10,000+ annualized predictable revenue, and with at least 4 months of payment processing in Boulevard, may be eligible for a capital offer.
The amount you can access depends on your business's sales data and revenue projections. As your business scales and you build payment history in Boulevard, the amount of capital you can access will automatically grow with you. You’ll be notified of additional capital offers as you become eligible, so you don’t even need to apply for additional capital!
Q: How do I apply? What information do I need to provide?
Boulevard Capital is an invitation-only program at this time. If you’ve received an offer, your business has already been pre-qualified, so all you have to do is securely connect your bank account, verify your business details, and agree to the terms and conditions.
Business verification includes reviewing your business and ownership information, and adding the contact info for a business representative. There’s absolutely no need for financial statements or credit checks; just fast access to capital so you can grow your business on your terms.
If you haven’t received an offer yet, just keep processing payments with Boulevard and keep an eye out for future updates (you may not have enough transaction history yet).
Q: Is Boulevard providing the advance?
Pipe Technologies Inc. is the capital provider for the Boulevard Capital program and is servicing the advance on our behalf.
Q: Who is Pipe?
Pipe is a technology company that shares our goal to help small businesses grow. They provide fair and equitable access to capital by using only a business’s data to qualify them for capital, thereby eliminating the friction and bias of traditional financing. When you accept an offer from Boulevard Capital, Pipe will service your advance and will pre-qualify you for additional offers as you become eligible.
Q: Is there a credit check or do I need to provide personal collateral for the advance?
No! Unlike traditional financing, there are no credit checks and no personal guarantees involved with Boulevard Capital. This allows you to access the working capital you need without risking your personal assets or finances.
Q: What are the costs and fees to use Boulevard Capital?
Before you accept your Boulevard Capital offer, you’ll see a “capital fee” that’s a percentage of your total advance amount. This percentage varies depending on your business processing history, projected revenue, and sales volume. Your capital fee is added to your total balance and is paid over time with your advance. It is only assessed once at the beginning; there is never any compounding interest, nor are there any additional charges like late fees.
We strive for transparency and simplicity in our pricing so you’ll know exactly what to expect. No surprises.
Q: What are the payment terms?
You’ll pay your advance as a percentage of your daily sales. The exact payment amount will fluctuate based on your business's sales, ensuring greater flexibility and aligning payments with your cash flow. Your offer details will be up-front and transparent when you review your offer, with no hidden fees or restrictions.
Payment: This is the percentage of your daily deposits that will be automatically applied toward your advance.
Fees: You’ll pay a simple, flat fee when you access capital, which is paid over time.
Estimated payment period: Based on your historical and predicted revenue, this is the estimated amount of time it will take to pay the advance. This may fluctuate, based on your actual revenue.
Total amount owed: This is the advance amount plus the fee, reflecting the total amount you will pay over time.
For example, if you advance $100,000 with a $5,000 fee and a 10% payment rate, your total amount owed is $105,000, and 10% of your daily deposits would go towards payments until fully paid.
Q: Can I pay my advance early? Are there any penalties for early payment?
You can pay your advance early without incurring any penalties. If you’re interested in early payment, you can reach out to boulevardcapital@pipe.com.
Q: Do I have to use my whole offer at once?
You can choose to advance as much or as little of your offer as you want until the offer expires, similar to a line of credit. This makes it easy to just use what you need, when you need it, and only pay for the amount that you advance.
If you only used part of your limit and later want to advance more while your offer is still active, the terms will adjust accordingly. For example, if your offer has a $100k limit, you can choose to only use $50k and both your payment rate and capital fee will drop as well. If you advance another $20k later on, your payment rate and capital fee will increase as of that date.
Q: What are the benefits of using Boulevard Capital over other solutions?
Unlike traditional loans, Boulevard Capital uses your existing sales data in Boulevard, without a credit check, to provide a pre-qualified offer tailored for your business. No more stressful bank visits, paperwork, or long waits.
Once you apply and accept your offer, payments are automatically calculated and collected as a percentage of your daily deposits. And, most notably, there are no interest or late fees — just a fixed capital fee added to your balance and paid over time. This is business funding as it should be.
Here’s why businesses are choosing Boulevard Capital:
Unbiased capital. Offers are based purely on the health of your revenue, not your credit score.
Streamlined process. When you receive an offer, your business has already been pre-qualified, so you can enjoy a simple, streamlined application!
Flexible payments. Your payments are a percentage of your daily deposits so you’re never left in a tight spot when sales are slow.
No personal collateral. Unlike many other financial options, there are no personal guarantees. This means that you can access the capital you need without risking your personal assets or finances.
Fast access to capital. You can have capital deposited in your account in as few as 24 hours based on your bank’s deposit hold policies.
Dedicated support. Our team of experienced Revenue Managers is here to help with anything you might need! Reach out to boulevardcapital@pipe.com and we’ll be in touch soon.
Q: How can I track my payment progress and view my outstanding balance?
You can see the details of your advance and payments in the Capital page. You’ll find an overview of your current status, a detailed breakdown of each payment under the “Payments” tab, and your advances under the “Activity” tab.
Q: Can I request another advance?
Great news — we’re continuously evaluating your business for future offers, even while you have an active advance, so you can access capital when you need it.
Pro-tip: If you have any remaining limit left from your current offer, you can also use it at any time until the offer expires. Your up-to-date limit can be found at the top of your Pipe dashboard found here.
Q: What if I need to change my bank account?
You can request a change to your bank account at boulevardcapital@pipe.com.
Pipe Technologies, Inc. is the capital provider for Boulevard Capital. Boulevard is a referral partner of Pipe Technologies Inc., but is not otherwise affiliated with Pipe Technologies Inc. or its products.