What's a Bluecap® FlexLine™
and how does it work?

Bluecap FlexLine is a business line of credit that leverages your credit (Visa/MasterCard) and debit (Interac) card sales to make easy daily payments. And, because we take a small percentage of your credit/debit sales, the amount you pay back corresponds with your sales. Think how great that is for your cash flow. If business is booming you pay us back faster. If it's slow, you pay us back slower.

Because it's a line of credit, as soon as you have room available, you may use it again. You simply call or email us and we will advance you further funds.

You are charged monthly for the funds you have outstanding on the line of credit. One of the awesome benefits of FlexLine is that regardless of how your business is going, you get satisfaction knowing you've paid down your outstanding balance each and every day.

A minimum percentage of credit and debit card sales are needed for payback each day. However, if you want to increase the percentage used to pay back the balance quicker, you're more than free to do so without penalty.

Q. How is the Bluecap FlexLine repaid?

With Bluecap, there are no set payments required. Instead, payments are based on a certain percentage of your daily Visa, MasterCard, Amex and debit card sales. Bluecap doesn't get paid unless you get paid, which helps you manage your cash flow during slow periods.

Each day, we take a small percentage of your credit and debit card sales and apply the amount to the outstanding FlexLine balance. The payments fluctuate with your sales – when sales are good you pay down more and if things are slower then you pay down a little less – and that helps with cash flow.

Typically, we would take about 10 per cent of your credit/debit card sales, however, each business is unique and your percentage may vary.

Q. How does a Bluecap FlexLine differ from traditional loans?

Let us count the ways. It's a relatively quick process, and it's painless compared to applying for traditional loans where mountains of paperwork are often required. Approvals are significantly higher than traditional bank loans. Its flexible payback method helps you run your business because payback is based on sales. During slower periods, we know how much that can help.

Q. Why would I want a Bluecap FlexLine?

There are many reasons why you might not want to go to a traditional bank. Perhaps you've been declined in the past and still feel unsure about dealing with banks. Maybe you don't like the hassles associated with applying for a traditional bank loan. Regardless, our funding is fast, painless and diverse. We cover the folowing sectors:

Restaurants	Franchises	Seasonal Businesses
Automotive Services	Liquor Stores	Self Storage
Beauty Salons	Medical Practices	Spas
Book Stores	Nail Salons	Veterinary Practices
Dental Practices	Pet Stores	Recreation
Florists	Any retail operation	Many, many more…

Q. What happens if my business slows down, making repayment of the loan more difficult?

No sweat. Like we said, your repayment corresponds with the credit and debit card sales your business generates. If business is slow, your required payment drops.

Q. What happens if business really takes off and I pay back the loan quicker than anticipated?

Congratulations! Paying off the loan quicker just saves you money. And, remember it is a line of credit, so if you want to use it again, just call or email us.

Q. Are there any other additional costs I should know about?

Yes. There is a monthly administration fee that occurs regardless of whether the line of credit is used or not. The fee covers Bluecap's cost to administer your FlexLine.

Q. How long do I have to wait to get approved?

We’re pretty quick. Once we have all the information we require, approval can happen in as little as 24 hours.

Q. How long will it take to get the funds once I’m approved?

Funds can be deposited into your bank account within 5 business days of finalizing the paperwork.

Q. What paperwork do you need?

To get an initial approval, you need to answer some questions and provide us with at least 6 months of recent credit card processing statements.

Q. How much can I borrow?

The amount you can borrow will depend on a number of factors such as your type of business, your monthly credit and debit card sales and how long your company has been in business. Typically, loans range from $5,000 to $250,000 per business location. As a general rule of thumb, we typically consider an average month of credit and debit card sales as a guide.

Call us to get your capital working for you today. Or fill out our short contact form and we'll give you a call to discuss.

Q. Are there restrictions on the uses of my Bluecap FlexLine capital?

It's pretty wide open. You can use the cash for any kind of business expenditure, including renovations and expansions, purchasing new inventory, business development, promotions, catching up on bills, getting through a slow period and anything else that benefits your business.

Q. Does it cost anything to apply for a Bluecap FlexLine?

It's completely free of charge.

Q. I have bad credit. Will that affect my application?

Poor credit ratings are not always a barrier. While a personal credit check is part of the Bluecap FlexLine approval process, it does not weigh heavily in the final determination. Unlike traditional business loans, Bluecap FlexLine approval is mainly based on your overall business health.

Q. Will a FlexLine appear on my credit report?

That's a big benefit to using Bluecap -- your FlexLine won't appear on your credit report, so this funding has no impact on your debt-to-income ratio or your ability to apply for additional financing from other sources. Whether you have a secured business loan, bad credit business loans or unsecured small business loans, we can still work with you.

Q. Can I receive the Bluecap FlexLine if I have outstanding loans from another company?

Absolutely. Because we view lending differently, we can provide you the money you need provided you meet our requirements. Each business situation is unique and we will consider a FlexLine product even if you have outstanding debt from other organizations.

Q. Does Bluecap require a personal guarantee?

Yes. Lenders typically look to evaluate how a borrower will repay. These days, a personal guarantee is pretty much standard business practice.

Q. Can the percentage I pay daily be changed?

Yes, if you want it to. We simply set the minimum percentage that will be used to pay off your FlexLine. You can choose to increase the percentage which will mean the FlexLine is paid down faster, which ultimately saves you money.

Q. Do I have to switch merchant processors to obtain a Bluecap FlexLine?

No. You can remain with your current merchant processor and there is no need to change terminals or your current point-of-sale processes.

Q. What if I need more money?

Simply call or email us. We will consider each request for an increase on a case-by-case basis. We take pride in coming up with innovative solutions to help your business.

Q. Why do you check my credit?

Bluecap views lending differently, and, by that, we mean we use a business-friendly scoring model to assess our risk. That includes consideration of your credit history, general economic data, and business information in combination with the guarantor's information. Viewing your personal credit is a small part of the approval process.

Q. Isn't this just a Merchant Cash Advance?

Absolutely not. The FlexLine is a line of credit for your business. And unlike a merchant cash advance, we only charge you interest on the outstanding balance. And, furthermore, it is a line of credit that you can utilize as you see fit, so there's no need to go through the application process all over again to access your funds.

Q. I have more questions. Who should I talk to?

Call our toll free number at 1 866 962 9292, fill out our contact form or email us at [email protected].