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Using Shopify Capital funding for my small business

Asked 4 years ago

What is your experience using Shopify capital as a small business loan? How does it work?

Reba Noel

Friday, May 08, 2020

My experience was very positive . Shopify Capital has a FLEX option of choosing the percentage taken out of each of your actual sales, using a portion of your future receivables. This way when one have future sales, a part of that revenue is transferred to repaying your Shopify Capital funds. This happens until the total owed is repaid at the end of the 12-month term. Currently this service is available only for stores in the US and Canada. Shopify capital funding has a big range of options from $200 to $1,000,000 USD. The rates are fair but there are a couple more similar options for small business financing like- PayPal and Amex.

Trina Osborne

Thursday, May 14, 2020

Shopify capital fits well for seasonal business, for my shop it helped me smooth the seasonal ups and downs as it adjusts to my current sales throughout the year.

Sallie Guerra

Sunday, May 17, 2020

I just finished paying off a loan and started a new one, very good experience.

Aurora Fischer

Friday, May 22, 2020

Great! Used it twice so far.

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