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Does Shopify Offer Working Capital?

Last updated on October 2, 2022 @ 5:26 am

Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features.

Shopify also offers users the ability to apply for and receive working capital. This feature is available to Shopify merchants in the United States, Canada, Australia, and the United Kingdom.

What is working capital?

Working capital is the money that a business has available to it to grow, expand, and meet its financial obligations. It is important for businesses to have enough working capital on hand to cover their short-term expenses and maintain operations during periods of slower sales.

How does Shopify offer working capital?

Shopify offers working capital through its Shopify Capital program. This program provides businesses with access to funding in the form of loans and lines of credit. The funding can be used for a variety of purposes, including inventory purchases, marketing campaigns, hiring new staff, and more.

PRO TIP: Shopify does offer working capital, but it is important to be aware that this service is not without risk. There have been reports of people being scammed out of money by unscrupulous individuals posing as Shopify representatives. It is important to be aware of these scams and to only work with reputable Shopify partners.

To be eligible for Shopify Capital, businesses must have been operating on Shopify for at least three months and have a minimum monthly revenue of $2,500. Businesses must also be in good standing with Shopify and have no history of bankruptcies or late payments.

Once approved for funding, businesses can access their funds through the Shopify Admin panel. Repayments are automatically deducted from future sales made through Shopify, making it easy for businesses to stay on top of their payments.

What are the benefits of using Shopify Capital?

There are several benefits of using Shopify Capital to finance your business:

  • Access to funding:Shopify Capital provides businesses with access to funding that they may not be able to obtain through traditional lenders.
  • Easy repayment process:Repayments are automatically deducted from future sales made through Shopify, making it easy for businesses to stay on top of their payments.
  • No hidden fees:There are no hidden fees or prepayment penalties associated with Shopify Capital.

Does Shopify Offer Working Capital?

Yes, Shopify offers working capital through its Shopify Capital program. This program provides businesses with access to funding in the form of loans and lines of credit which can be used for a variety of purposes such as inventory purchases, marketing campaigns, hiring new staff, and more.

To be eligible for funding from Shopify Capital, businesses must have been operating on Shopify for at least three months and have a minimum monthly revenue of $2,500. Once approved for funding, businesses can access their funds through the Shopify Admin panel and repayments are automatically deducted from future sales made through Shopify.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.