FAQ
Our style is simple and transparent. If anything's unclear or if you have questions, shoot us a message and we'll get in touch to answer all of your questions.
Financing
What’s the application process for financing?
You can get started with a quick online application or schedule an intro call. From there, our team will get to know your business and suggest financing options that are tailored to your needs. Then we’ll request some documents and propose a financing solution to get you funded fast.
What kind of companies do you fund?
We fund high-growth companies from a variety of industries including startups, tech, real estate, SAAS, food and beverage, manufacturing, construction and more.
What determines if my business will qualify?
Qualifying for financing is determined on many different variables such as cash flow, customer size, accounts receivable, or hard assets but every business is different which is why we offer a tailored approach.
How does chelsea Capital add value?
We’re more than a financing shop. We have deep roots in startup community and look for every opportunity to champion your business and make connections to industry leaders. Have a need? Just ask and if we don’t have a solution, we know someone who does.
Are there any long-term minimum commitments or penalties for early payment?
That’s a hard no. You only finance how much you need, when you need it.
What are the fees For Financing?
Fees will vary between financial products and business situations. We offer competitive rates with no hidden fees, compounding rates, or complex calculations.
Do you offer Equity financing?
We do! We have a long list of venture capital and family offices within our network and can offer a hybrid approach where we can provide debt financing while we sourcing equity investors.
Accounting
How does it work?
First, we will get your books cleaned up and then each month your dedicated accountant will complete your monthly bookkeeping and deliver intuitive financial reports, so you can easily monitor the health of your business. And come tax time, we’ll send everything you need to easily file your taxes.
What’s the process of getting started?
We start by assessing the current state of your books to get an idea of any necessary setup that might be required. We’ll provide a quote for setup and ongoing monthly accounting services and we’ll be ready to get started from there.
What accounting services do you provide?
We reconcile your accounts, categorize your transactions, and create your financial statements. Occasionally we might need your input on things like categorizing a transaction properly, but we try our best to make the process as hands-off as possible for you.
How long does it take to do my accounting each month?
Once we receive all of your documents, we’ll complete your deliverables for the month within 15 business days.
What if I’m behind with my books?
We’ll get them up to date fast!! No matter how far behind you are, we can get you caught up quickly.
Can I ask questions about my books?
Of course! We’re here to support you and your business at no extra charge.
How do prices change as I grow?
As your business grows in size and complexity we will be as transparent as possible and will notify you 30 days in advance of any price changes.
What is your cancellation policy?
We just require 30 days notice to terminate our agreement and while we’d hate to see you go, we will help transition your business to your new provider.
What about filing taxes?
We’ll have all of your documents ready to be filed by us or your preferred provider.