Transferring an existing merchant cash advance or loan to GoDaddy Capital

If you’re seeking more flexible terms or faster funding, GoDaddy Capital offers an option to transfer your existing merchant cash advance (MCA) or loan from another provider. In partnership with our funding partner, YouLend, we’ll help you transfer the balance of your existing loan and get started with GoDaddy Capital.

Here are a few reasons why you might want to switch to GoDaddy Capital:

• Larger funding/better terms: For example, if you have a $20,000 MCA outstanding but qualify for $50,000 with GoDaddy Capital.
• Consolidation: If you have multiple MCAs and want cash flow predictability (for example, when you take on the "refinance" responsibility yourself and pay off others to simplify finances).
• Urgent needs: For your immediate business opportunities or expenses that can generate higher ROI (for example, a repair needed to prevent lost sales).
• Build a track record/relationship: Your repayment rate is taken into account for renewals, which typically have even better terms (for example, access to early renewals).

Follow the steps below to transfer an existing MCA or loan to GoDaddy Capital.

1. Apply for GoDaddy Capital.
   • Sign in to the Dashboard where you manage your GoDaddy Payments account (use your GoDaddy username and password), in the left-nav select Capital and apply for GoDaddy Capital.
2. Request a balance letter from your current loan/MCA provider and send it via email to your YouLend account manager who'll review your existing balance and determine if you meet the eligibility requirements for moving forward with transferring the balance.
3. Once your application is approved, your YouLend account manager will send you a contract for your GoDaddy Capital funding. Review and sign the contract electronically.
   Note: After you sign your contract, GoDaddy Capital, in partnership with YouLend, will send payment directly to your previous lender for the outstanding balance shown in your payoff letter.
4. Your previous lender will send confirmation that your loan has been paid off in full. Provide that confirmation to your YouLend account manager via email.

Once payment is confirmed as received by your previous lender, GoDaddy Capital will release the remaining funds in as little as 24 hours*. There’s nothing you need to do for this step—we’ll handle the payment for you!

*Subject to your bank’s hold policies.

More info

• For more information on GoDaddy Capital, visit What is GoDaddy Capital?