A New Way For Online Store Merchants to Get Funding
By: Eric J. Brown
Operating an online store can be challenging even on established platforms like Ebay and Amazon. Once you get the hang of it and start bringing in the cash your next challenge is growth. At some point you are going to need some extra capital for inventory, and traditional financing through a bank or other online source may be too expensive. Luckily there is an innovative alternative financing solution tailored specifically for online store merchants on platforms like Ebay, Amazon, Yahoo, Etsy, and Shopify. Kabbage provides financing similar to that of a commercial cash advance for merchants in a fast easy process totally online, and you could receive funds in minutes.
Kabbage has an easy application process which takes general information, looks at the type of business you own, your business volume, accounts receivable and your social presence. They calculate this into a Kabbage score which automatically determines your advance amount eligibility, and how much it would cost to pay it back. The advance term is 6 months and there is no penalty for paying it off early.
This is an advance to expand not start a business so there is a restriction on the use of funds, unlike traditional merchant advances where you can use the funds for almost anything business related. Your sales volume is a key factor in determining your advance amount, therefore the more volume the more likely you are to get a higher advance. Their website offers tips on the various information and data you can provide to increase your advance amount.
If you would like to know more about Kabbage or apply and get some green for your online store visit them here