This guide provides step-by-step instructions on how to integrate your financing directly in your Wallet, allowing you to manage your loans with total autonomy.
If you don't have a Bushel Business Account yet, see the How do I sign up for a Bushel Business Account? article.
Attaching a Loan or Line of Credit
You can connect existing loans to your Wallet to centralize your operation's financial management.
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Navigate to the Wallet Accounts Page: Open your Wallet and select Link a Loan or Line of Credit under "Liabilities."
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Find Your Provider: Search for your lender and select them from the list.
Not seeing your lender? Reach out and let us know and we'll work to get their loans integrated! Send an email to: support@bushelpowered.com
Enter Loan Details: Provide your loan number, most commonly found on your monthly statement.
Authorize Connection: Review the T&Cs and click Continue to grant access for your loan data.
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Approval: After submission, both the lender and Bushel will review the connection to ensure accuracy before the loan data appears in your Wallet.
Note: Authorized Users on your Wallet account will need to individually request authorization to have access to the loan.
Viewing Loan Information
Once connected, your loan details are available 24/7, providing real-time visibility into your financing.
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Accounts Page: View your total available credit, current principal balance, and current interest rate(s).
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Loan Details Page: Access interest rates, maturity dates, loan terms, and additional information.
Making a Loan Payment
You can make payments directly from your Wallet using various funding sources.
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Start Payment: Select Transfer & Pay and then Make a Loan Payment.
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Select the Account: Choose which loan or specific sub-tranche you wish to pay.
Choose Amount: Various lenders and loan types will offer different payment options.
Select Funding Source: Choose your Bushel Business Account balance or another linked bank account as the source of funds.
Confirm: Review and submit your payment. Note: Each lender may have different windows for transaction processing.
Initiating a Draw or Advance Request
Digital draws and advance requests remove the need for manual paperwork and phone calls so funds are more accessible.
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Request Funds: Select Transfer & Pay and then Deposit in Wallet (not available for input financing) or Send & Request. For the desired transaction, then choose the loan you'd like to use as a source for the transaction.
(Input Financing) Retailer Review: For input financing, your retailer will receive a notification of your request. They can approve, deny, or edit the request within their management portal. You also can only initiate transactions where the retailer is the receiver of the funds.
Disbursement: The funds will be disbursed according to your loan terms.
Bushel is a financial technology company, not a bank. Banking Services for the Bushel Business Account are provided by The Bancorp Bank, N.A. Member FDIC.
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