Do Advances have interest?
POSH Capital is currently interest-free! As the program scales, we may add additonal fees on top of your ticket price until the advance is repaid in order to cover our cost of capital.
How does repayment work?
Once your agreement is executed, you will provide us with your bank details to receive a same-day wire. As stated in our standard Advance Agreement, repayment is required by the end date of the event associated with each Advance. Once funds are received, your POSH Payouts will be disabled until the advance amount has been repaid via revenue generated on POSH. Once the advance is repaid, Payouts are immediately re-enabled!
How many Advances can I get?
We begin with $5k-15k Advances to kick off relationships, with the ability to scale up from there upon proper repayment. If your Advances are repaid before your event, you will always have the ability to apply for another advance. As our relationship develops, your liklehood of Advance approval will increase as well as the amount of capital you are allowed to borrow!
