How Much Will I Receive From a New Relay Capital Loan Offer?

Your offer amount is your new maximum total balance, not extra cash. A $50,000 offer to a business owing $20,000 pays out $30,000 in new funds.

If this is your first Relay Capital loan, there is no existing balance to pay off and the full amount is yours.

Who this article is for

Relay Capital borrowers with an active loan who have been offered a new loan
Borrowers who have paid off a Relay Capital loan and want to know what a new offer is worth
Bookkeepers and accountants planning cash flow around a new Relay Capital loan

What does my Relay Capital loan offer amount mean?

Your offer amount is the new maximum total balance you can carry on a Relay Capital loan — not additional cash on top of your current balance.

The offer replaces your current loan rather than adding to it
If you are carrying a balance, part of the new loan is used to pay that balance off
You receive the rest as new funds in your Relay account

How much will I actually receive?

You receive the new loan amount, minus the balance owed on your current Relay Capital loan. Here is how that works out in practice.

If you owe $10,000 and your new offer is $25,000: $10,000 pays off your current loan. You receive $15,000.
If you owe $20,000 and your new offer is $50,000: $20,000 pays off your current loan. You receive $30,000.
If your previous loan is paid off and your new offer is $25,000: There is no balance to clear first, so the entire amount is new funds. You receive the full $25,000.

So a $50,000 offer to a business carrying a $20,000 balance is $30,000 of new money, not $50,000. The exact amount that will be deposited is shown before you accept the offer.

What happens to my current loan when I take a new one?

The new loan pays off your current loan and then becomes your active loan.

If your current loan still has a balance, it is paid off as part of drawing the new loan
The new loan becomes your active Relay Capital loan, replacing the previous one, with its own repayment schedule and transactions
You do not need to pay off your current loan yourself before you can take a new offer

Will I still be able to see my previous loan?

Yes. Your previous loan stays available in your loan history in your Relay account after the new loan is drawn, so you can still see its payments and details.

Can I choose a different account for repayments on my new loan?

Yes. When you take a new Relay Capital loan, you can choose a different repayment account from the one your previous loan used — you are not required to keep the previous account.

Repayments on the new loan are debited from the repayment account you select for that loan. While a loan is active, its repayment account stays locked, so a new loan is the point where you can change it.

Frequently asked questions

Is the offer amount the same as the deposit I will see in my Relay account? Not if you still owe on a current loan. The offer amount is your new maximum total balance. Your outstanding balance is paid off out of it, and the remainder is deposited as new funds. The exact deposit amount is shown before you accept.

Do I have to pay off my current Relay Capital loan before I can take a new offer? No. You can be offered a new loan while your current loan is still outstanding. If you take it, the new loan clears the existing balance for you.

Will my new loan keep my old repayment schedule? No. The new loan is a new loan with its own repayment schedule and its own repayment transactions.

Talk to our Customer Experience team

If this article did not fully answer your question, our Customer Experience team is here to help.

Relay Capital funding is provided by Fundbox, an external third-party provider, or its bank partner, Lead Bank.

All financing is subject to credit approval of a completed application. Fundbox and its bank partners base loan eligibility on their respective credit and risk policies, applicable legal requirements, and other business considerations. Financing may not be available in all states and may be subject to local restrictions where applicable.

All loans are subject to credit approval and applicable terms and conditions. Borrowing involves fixed repayment obligations and applicable interest and/or fees. Approval timing based on typical experience; actual decision and funding times may vary.