Applying for a small business loan takes 2 minutes via our simple online application form. You could be approved by one of our trusted lenders in a few minutes. Once approved, the funds could be transferred to your account within hours.
Failure to fulfil your repayment terms may result in the lender seizing your assets. An alternative for Shopify store owners is a merchant cash advance or loan with Shopify Capital. Unlike an SBA loan which requires the business meet a set of basic criteria to qualify, Shopify uses the data from previous sales to see how much money the merchant is qualified to borrow. With the exception of its COVID-19 disaster and 7 Express loans, the SBA loan programs above all have similar application processes.
As their name implies, SBA loans are a form of business debt administered by either the SBA itself or a member of its network … Read More