Shopify Capital Merchant Cash Advance
no fixed amount
Cash Advance
Description:
Shopify Capital provides merchant cash advances to merchants. This financial offering involves the purchase of future sales, also referred to as receivables. If a merchant’s funding application is approved, Shopify provides them with a lump sum of money for a fixed fee.
Comments on Funding:
Funding takes the form of a cash advance. Under the Shopify capital agreement, this lump sum is known as the amount advanced, and the total to remit is the amount advanced plus the fixed fee.
Rolling deadline
Eligibility:
Applicants are Canadian merchants that have accounts with Shopify Capital.
Application Steps:
Applicants must view their funding options and request a merchant cash advance directly on the Capital page of their Shopify admin.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
