CapAx Financing FAQs
When can I apply for financing?
Financing must be applied for at the time of booking and must be finalized within 30 days of booking.
Do I need a co-applicant?
Yes, all financing applications require two qualified applicants.
What types of Identification are acceptable?
Unexpired US State Issued Driver’s License (“Limited Term” licenses and work permits are not acceptable)
Unexpired US issued Passport
How long can I finance for?
Financing is available for 24 months.
How much can I finance?
Financing is available in the following amounts: $10,000, $15,000 and $20,000.
What if my event costs exceed the $20,000 cap for financing?
Any amount that exceeds available financing must follow the regular contractual payment schedule and be paid in full 90 days before the event.
How much will my monthly payment be?
Upon initiating your financing, your monthly payment will be the amount financed spread over 24 months
$10,000 – $416.67 per month
$15,000 – $625.00 per month
$20,000 – $833.33 per month
This payment amount may be updated once your event is complete based on the actual amount used for financing.
When will I receive my financing agreement?
Financing agreements will be sent once your account is reviewed and final approval is received.
All financing agreements must be signed within 7 days of issuance.
When is my payment date?
You may select a payment date of the 10th, 15th or 20th of the month when you apply.
When will my first payment be due?
Your first payment is due the month following contract execution on the payment date you selected.
How often will my payments be due?
Financing payments are due monthly.
Can I change my payment date?
No, you will not be able to change your payment due date. Payment dates are set when your account is initiated. If the payment date falls on a weekend or holiday it will be due the next business day.
How far in advance must my event be to finance?
Financing must be in place so that 6 installment payments are made prior to the event date.
Can I defer my payment(s)?
At this time, we do not allow any deferments, payments must be made monthly to avoid default.
Can I request additional funds?
Additional funds may be requested and approved on a case-by-case basis. Funds must be requested no less than 60 days prior to the event.
Funds are allocated in $5,000.00 increments and total financing funds cannot exceed $20,000.00. See your wedding planner for details.
What happens if my payment is late, fails or is returned?
Returned or failed payments will be assessed a $35 fee and reprocessed 3 business days later. Multiple failed payments will result in default. This can result in event cancellation, or the account being sent to our legal team for
resolution.
Can I make additional payments or pay off my financing early?
Yes. Your financing does not have a prepayment penalty. You are welcome to pay off the loan at any time or pay more than the amount due.
What if I am late on a payment or don’t have enough funds to make my monthly payment?
If your payment is late or you have insufficient funds to pay your monthly payment amount in full, you will be assessed a returned payment fee of $35. We may also inform a credit reporting agency if you fail to make a payment or otherwise fail to comply with the terms of your financing. This may have a negative impact on your credit report.
This can also result in event cancellation, or the account being sent to our legal team for resolution.
What happens if my account goes into default?
Event has not been held:
Accounts in default where the event has not occurred: Event payment schedule will revert to standard contract terms. If these terms are not or cannot be met, the event may be subject to cancellation.
Event has been held:
Accounts in default after the event has occurred will be referred to our legal team for resolution.