Property management software platform TenantCloud has integrated with Stripe Capital to offer landlords and property managers quick access to business financing. This feature provides a seamless way to secure funding for property-related expenses, such as upgrades, emergency repairs or expansion directly within the TenantCloud platform.
Stripe Capital offers prequalified funding without lengthy applications, credit score requirements or hidden fees. Eligible TenantCloud users can now receive funds in as soon as one to two business days if they’re approved. They can also set up automatic payments based on rental income to provide financial flexibility without disrupting cash flow.
Landlords now pay one flat fee, without compounding interest charges or late fees. Payments are automatically deducted based on rental income until the total owed is paid off. Eligibility is based on business performance, and applying will not impact your personal credit score.
Stripe Capital handles underwriting, servicing and cash advances based on a landlord’s business revenue and Stripe transaction history. Eligible TenantCloud users will receive a financing offer via email, outlining the funding amount, payment terms and a flat service fee. Users can then customize their funding amount and apply for the offer with a few clicks. Approved funds are then deposited directly into their bank account within one to two business days.
“Without Stripe Capital, offering this type of financing to our customers would have required significant development, time and resources,” said Mark DeHaan, CEO of TenantCloud. “This integration allows us to support landlords with fast, flexible funding options.”
