What You’ll Learn
In this course, you’ll learn how to:
Access financing: 8 min
Why Is it Important to Optimize My Business?
Take your business to the next level by expanding with financing. Accessible financing can help eligible merchants invest in new equipment, open a new location, hire more employees, and much more. How you use this funding is up to you — you can pay employees, cover unexpected expenses, upgrade equipment, and more. As put by one restaurant who used the program: "DoorDash's Merchant Cash Advance allowed us to renovate, install an air conditioning system and pay for deep cleaning services in our restaurant. We are so thankful to have access to this financing to help grow our business."
How Does Getting Access to Financing Work?
Get access to capital through a partnership between DoorDash and Parafin, a business financing provider. There are no hidden charges, no recurring interest, and no prepayment penalty. There’s also no need to apply — eligible merchants can view, customize, and accept an offer in the Merchant Portal and receive funds in as little as 2-3 business days.
Repayments are taken as a percentage of your DoorDash sales — you choose the percentage and the repayment period. This is to make your life easier, or as described by one merchant: “Thank you to DoorDash for helping my small business. The Merchant Cash Advance process was simple, and pay back was seamless. I loved that I didn't have to remember to send in a payment, and it was automatically done everyday for me with a clear understanding of the amount I owed."
How to Get Funding for a Restaurant on the Merchant Portal?
1. Navigate to the Merchant Portal, go to the "Add Solutions" tab.
2. On the Solutions Center, navigate to the "Optimize My Business" section. Click + Add Feature.