Loans for Shopify Stores :
If you're looking to secure loans specifically for a Shopify store, you have several options available to finance your eCommerce business. Below are the main loan options suitable for Shopify merchants, including traditional loans, alternative financing, and specific lending partners that cater to online businesses. 1. Shopify Capital Shopify Capital offers funding solutions for Shopify merchants based on their sales performance. Here are some details: - Types of Funding: Merchants may receive cash advances or loans. - Eligibility: Approval is typically based on your sales history, not credit score. - Repayment: Repayments are automatically deducted as a percentage of daily sales. - Speed: Funds can be disbursed relatively quickly, often within a few days. 2. Business Lines of CreditA business line of credit allows you to borrow funds up to a certain limit and pay interest only on the amount you use. - Kabbage: Offers flexible lines of credit based on business performance ...