Get quick financing to help grow your business. CAKE restaurants take advantage of this program to PURCHASE EQUIPMENT, STAFF UP FOR THE HOLIDAYS, BULK UP ON INVENTORY, MAKE NEEDED REPAIRS, or even EXPAND TO A NEW LOCATION.
We've Got Your Back !
Easy Application
No lengthy paperwork, credit checks, or collateral required.
No Hidden or Reoccurring Fees
There’s no interest, just one fixed fee that merchants pay over the term of the loan. No pre-payment penalties.
Quick Funding
If approved, funds can be available in as little as 1 business day.
How it Works
1 - Check Eligibility: Login to the CAKE admin portal and check to see if you are pre approved based on your business health. A notification will appear in the Finance section if eligible.
2 - Customize Terms: Review terms and select a financing amount. Adjust within your pre-approved limit using the product slider to see how the fee and repayment changes.
3 - Submit Business Details: Enter your business information and ensure your business bank account is linked.
4 - If Approved, Accept Offer: If approved, accept funds in the Finance section of your CAKE admin portal. Track repayments and loan status in the dashboard.
Easy Payment
Depending on the terms of your offer, payments are taken as a fixed percentage of your restaurant sales or on a fixed bi-weekly basis.
CAKE Customer?
FAQs
Who is Parafin?
Parafin is a third-party partner who focuses on small businesses. Mad Mobile has partnered with Parafin to provide access to funding for merchants. All financing and payment is governed by Parafin’s terms and conditions. To learn more about Parafin, visit parafin.com.
Who is eligible for CAKE Capital?
CAKE Capital offers two types of financing to help grow your business.
- Established merchants (with at least 6 months of transaction history) may be eligible for larger funding amounts, based on business health.
- New CAKE merchants (active for less than 6 months) may qualify for a smaller financing amount.
Check your eligibility today! Simply navigate to the Finance tab in your CAKE admin portal to view your offer.
What fees are included?
Your total payment of a CAKE Capital offer includes:
1. The total capital amount requested
2. A one-time fee
What are the interest rates?
CAKE Capital products do not bear interest. There is only a fixed fee associated with the capital offering.
What is the payment schedule?
Payment schedules are dependent on the terms and conditions you accept when reviewing your offer.
CAKE is currently offering two products:
1. Starter offers: If you are a newer merchant, you may be eligible for a starter offer. Payments for this offer are fixed and occur on a bi-weekly basis for the duration of the term.
2. Flex loan: Payments for this offer are taken as a fixed percentage of your daily restaurant sales.
Can I pay off my capital early?
Yes, your CAKE Capital offer can be paid early, at no extra cost to you, but this is not required. Payment is automatically collected based on the terms you agreed to when accepting your offer.
Contact Us
All loans are issued by Celtic Bank. All loans and offers are subject to credit approval, identity verification, and are subject to periodic review and may change without notice. Bank transfers are subject to review.