FAQ: How does Tab work?

Available in select markets, Tab extends your payment terms and gives you the financial flexibility to make larger orders and cash in on larger discounts.

Bars & restaurants that take advantage of case discounts save up to 30% on their alcohol orders, but a large order can feel like a lofty investment. Not to mention that many states require cash-on-delivery payments for alcohol orders! With Tab, Provi can assist you with initial costs, allowing you more time to confidently pay for your orders. 

NOTE: In order to use Tab, you must first integrate your invoices and payment method with Provi. 

Tab is not available in all states and markets. 

How it Works

  1. Place your order. Order as normal with your distributors. You will be notified once your finalized invoice is available. 
  2. Pay for your order on delivery. After opting in for Tab, your invoices will continue to be paid through your preferred payment method at the time of delivery. 
  3. Provi reimburses you for the order total. On the same day, Provi sends you the funds to cover the exact invoice total. 
  4. Settle up with Provi. Depending on your Tab enrollment, after 15, 30, or 45 days, Provi will automatically collect the invoice total from your linked checking account, plus a small convenience fee. This gives you time to sell the extra inventory you purchased before needing to foot the bill. 

FAQ

Answers

What do I need to apply?

In order to apply for Tab, you will need to know your business' liquor license number, federal tax ID, and beneficial ownership information. You will also need access to your business' bank account. 

Where do I apply for Tab?

You can access and apply for Tab by selecting Payments from the upper navigation, then Tab, by Provi on the left-hand sidebar, or directly access Tab at this link. Note that if this navigation or link is not accessible to you, Tab is not yet available in your market.  

Does applying for Tab affect my credit score?

No, applying for Tab will not affect your credit score. 

How do I repay the loans?

Provi will automatically deduct the funds from your linked bank account at the end of your loan term. You can find the due date for your payments on the Tab dashboard after you have enrolled. Access the Tab dashboard by selecting Payments from the upper navigation, then Tab, by Provi on the left-hand sidebar.

How are my business' credit terms determined? 

Eligibility is based on a variety of factors related to your business, including its annual revenue, account history, and monthly alcohol expenditure.  

What is the fee to use Tab?

A small convenience fee is placed on each invoice you pay using Tab. There is no enrollment fee or recurring subscription fee to use Tab outside of these fees. 

If approved for Tab, your fee and payback terms will be provided for you to review before finalizing your enrollment. If you do not accept the terms within 30 days you will need to re-apply for Tab and may have a different fee or terms agreement. The amount of the convenience fee is shown to you after you apply for Tab and before your enrollment is complete.

Are there late fees? 

If on the day your Tab is due your bank does not have sufficient funds to cover your Tab, you will be charged a prorated amount of your loan terms for every day you are past due.

For example, if you have 30-day terms with a $15 convenience fee for every $500 loaned and are not able to pay the full amount on day 30, for each subsequent day that the full amount cannot be repaid, you will owe an additional $0.50 per $500 owed.You can calculate this amount by dividing your convenience fee (in this example, $15) by the length of your loan terms (in this example, 30 days).

Can I select which distributors or orders Tab applies to?

Tab applies to all distributor orders paid using Provi's invoice integration. At this time you cannot select only certain invoices or distributors to pay using Tab. 

Can I pause or cancel Tab?

You can cancel at any time by contacting Provi's Customer Success team. Please note that you must cancel 2 days before your next invoice. Any outstanding bills will continue to be processed through the term and until paid in full. 

If you decide to use Tab again later, simply re-apply

I was told my business doesn't qualify for Tab. How can I learn more?

Reach out to Provi's Customer Success team for more details on your specific application.