Your e-commerce business can only scale as much as your working capital will allow. When it comes to having more cash on hand, many Amazon sellers worry about the cost associated with borrowing money or the risks involved with taking on debt. With so many options available, it’s important to understand what each lending service offers and how they differ. Thankfully, our trusted lending and funding partners Yardline and CapEc have allowed us an inside scoop on everything you need to make an informed decision including: their lending services, target audience, loan types, requirements, approval times, repayment terms, interest rates, collateral, and unique features.
Let’s take a closer look at each:
What type of seller are you?
The markets you sell on, how long you’ve been in business and what you sell as well as your revenue will help determine a best fit:
What will you be using the money for?
Depending on what you plan to fund, you may not even need to take out a loan!
How much capital do you need?
The amount of cash you need may vary in different areas of your business. Do you need money for inventory AND payroll? Using a funding partner like CapEc for inventory can leave you in a great spot to take a loan for a different part of your business from a lender like Yardline.
How soon do you need your funds?
Our carefully selected partners can qualify you and get you funded quickly!
How quickly can you repay?
Sellers often overlook loans and funding solutions because of the risks that can be involved with repayment and the time frame you have to do so. Yardline and CapEc offer a cushion of time for you to get your sales going before repayment plans begin.
What will be held as collateral?
Though issues with repayment are unlikely, both Yardline and CapEc offer a fair trade off.
Are you ready to get working capital fast?
Our partners are ready to offer you the best funding solutions for your e-commerce business.
For Yardline’s solutions; apply directly through this 3-minute, mobile-friendly application to see how much funding you can qualify for. For CapEc funding apply here and ask about their special offers for Tactical referrals, including a free Pre-Shipping Inspection ($300 Value) as well as a $1000 discount on fees for funding amounts over $50K!