Stripe Capital eligibility (2024)

FAQs

How to get approved for Stripe? ›

To have a US Stripe account, you must be incorporated in the US and have a valid physical US address. Stripe will verify your legal entity name, entity type, EIN, and business address on your articles of incorporation or other documents. P.O. Box addresses are not accepted.

Applying for a loan doesn't require a personal credit check and won't affect your personal credit score. How does Stripe Capital help me build the credit history for my business? Stripe Capital reports loan performance for US businesses to the Small Business Financial Exchange.

Stripe doesn't run credit checks, so inputting your SSN for this purpose won't affect your credit score. Your taxes won't be affected, either, as long as you input the correct name and Employer Identification Number (EIN) for your organization in Stripe.

Stripe Capital will contact you within 2-3 business days after you've submitted your loan. If your application is approved, you'll receive the funds in your bank account in 1-2 business days.

While creating a new Stripe account or connecting an existing Stripe account takes only minutes, you should consider a few crucial business questions before you start. These first two videos step you through the basics of how account are structured and what Stripe will need to activate your account.

All you need to apply is a Stripe account—no paperwork or personal guarantee required.

Built with trusted bank partners

Stripe Treasury is built in partnership with a network of banks, including Goldman Sachs and Evolve Bank & Trust, to enable you to embed banking services in your platform.

Stripe collects your information with complete security and purpose. We use Stripe to handle our KYC (Know Your Customer) and AML (Anti-Money Laundering) checks in compliance with federal law in order to process your payments. We do not store any of this information and only use it for compliance checks.

Do you need an EIN for Stripe? ›

Stripe requires a verifiable Employer Identification Number (EIN) or Social Security Number (SSN) to use their services; individuals without an EIN are generally able to use their SSN instead. You must enter a verifiable tax ID number (Employer Identification Number or Social Security Number) in order to use Stripe.

Funds that are paid out instantly to a bank account or debit card will appear in the associated bank account within 30 minutes. Standard payouts are processed according to your account's standard payout schedule at no additional cost.

How long does it take to set up a Stripe account? It takes a few minutes to set up a Stripe account, but sometimes it takes a few days for verification and approval.

To verify this information, individuals must provide proof of identity and proof of home address, ensuring that the documents meet specific requirements such as being in color, clear, and not expired. These documents must be uploaded through the Stripe Dashboard, and reviews can take up to 24 hours to complete.

Stripe must review an official document that confirms that the Stripe owner and bank account owner names match, as well as the last 4 digits of the account number. You may read on here for the list of acceptable documents for bank account verification.

Is it hard to get hired at Stripe? Glassdoor users rated their interview experience at Stripe as 44.9% positive with a difficulty rating score of 3.08 out of 5 (where 5 is the highest level of difficulty).

You can use Stripe to sell a product if you have not established a separate business entity to do so. Stripe supports the following alternative business types that you can choose from when signing up: Sole proprietorship: If you do not have a separate entity and operate by yourself.