Shopify Capital is an online platform that provides financial assistance to businesses in the form of short-term loans and other financing options. It is designed to help businesses grow and succeed. Shopify Capital provides access to funds that can help businesses purchase inventory, hire staff, or expand into new markets.

Shopify Capital is available to all businesses that meet the eligibility requirements. To be eligible for Shopify Capital, businesses must:

  • Be a legal business entity.
  • Be based in a supported country.
  • Have a valid bank account.
  • Have an active Shopify store.
  • Have a minimum of $50,000 USD in annual revenue.

Businesses must also meet the requirements for their particular type of financing, such as having a minimum of $100,000 USD in annual revenue for long-term loans. Businesses must also meet Shopify’s creditworthiness criteria.

Application Process

The application process for Shopify Capital is quick and easy. Businesses simply need to fill out an online form and provide the required documentation. Shopify Capital will review the application and provide an approval decision within 48 hours.

Interest Rates and Fees

Interest rates and fees for Shopify Capital vary depending on the type of financing requested. Interest rates are typically lower than traditional loans and there are no additional fees or hidden charges. Businesses should contact Shopify Capital for more information on interest rates and fees.

Repayment Terms

Repayment terms for Shopify Capital vary depending on the type of financing requested. Short-term loans typically have repayment terms of 3 to 12 months, while long-term loans typically have repayment terms of up to 5 years. Businesses should contact Shopify Capital for more information on repayment terms.

Conclusion

Shopify Capital is a great way for businesses to access the funds they need to grow and succeed. It is quick and easy to apply and the eligibility requirements are straightforward. Businesses should contact Shopify Capital for more information on interest rates, fees, and repayment terms.