• Skip to content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

Best 4 Businesses - Entrepreneur Resources HomepageBest 4 Businesses - Entrepreneur Resources

How to Start a Business Right: Ideas, Names and Tips

  • STARTING
  • BRANDING
  • FINANCING
  • MARKETING
  • ACCOUNTING
  • REVIEWS
  • STARTING
    • Ideas
    • Business Formation
    • Patents
    • Entrepreneur Advice
  • BRANDING
    • Logos
    • Business Names
    • Website
    • Business Cards
  • FINANCING
    • Startup Funding
    • Line of Credit
    • Invoice Factoring
    • Loans
  • MARKETING
    • Sales
    • Advertising
    • Social Media
    • Email
  • ACCOUNTING
    • Software
    • Credit Cards
    • Payroll
    • Taxes
  • REVIEWS
This page may contain affiliate links. Please read my disclosure for more info.

Best Loans for Online Businesses, Ebay, Amazon and Shopify Ecommerce

January 20, 2019 by Marsha Kelly, Serial Entrepreneur

As an online retailer, eBay or Amazon seller, or Shopify e-commerce store owner you know that making e-commerce sales takes money to buy inventory, advertise online, hire employees, and pay for website developers. Most web stores have gaps in their cash flow, between their business expenses and retail store sales, which could be helped by an Amazon business retail loan or business line of credit for working capital.

Best loans for online stores and amazon ebay
RELATED: Read my Kabbage Loan Reviews – Right for your Business?

I recommend Kabbage as the best loans for online stores, eBay sellers, Amazon and Shopify sites because of its positive combination of ease of application, the speed of funding and generous approval criteria. Kabbage understands that your business financial health is more than just a number on your credit score report, so it uses your actual business data, such as sales receipts, credit card transactions, and invoice payments, to review your eligibility for a retail loan. 

Purchase additional inventory during your busy season with a loan from Kabbage. Visit us now at Kabbage.com

Are Kabbage Retail Loans are Right, or Wrong for Your Online Business?

Right for Retailers:

  • The online business is open for one year or longer
  • Have annual revenues of $50,000 or more – or $4,200 for the last 3 months
  • Use online payment processors, POS and accounting systems  
  • The owner has less than perfect personal credit score
  • Need cash fast and don’t want to wait for long approval time
  • Don’t want to hassle with preparing lots of paperwork for the application
  • Been rejected and turned down by traditional banks and lenders

 

Incfile makes entrepreneurship easy. Get started with $0 LLC today!

Wrong for Retailers:

  • Startup launches of new online stores and sites – instead check out this chart of financing options
  • Revenues under $50,000 annually
  • Don’t use online accessible credit card processors nor accounting software
  • Need longer repayment periods of over 6-12 months

 

Purchase additional inventory during your busy season with a loan from Kabbage. Visit us now at Kabbage.com

 

 

 

Incfile makes entrepreneurship easy. Get started with $0 LLC today!

Naming Tips: How to Come Up with a Catchy Business Name

 

financing for ebay sellers, amazon, shopify, etsy stores

 

Advantages of Kabbage Loans for Online Sellers and E-commerce Stores

 

Easy Online Application = No hassle time-saver

Incfile makes entrepreneurship easy. Get started with $0 LLC today!

In under 6 minutes, even from your mobile phone during your coffee break, you can apply for a retail loan from Kabbage. Because it is so easy you will actually get it done – instead of procrastinating forever (like me 🙂 because typical bank loan applications are such a hassle to fill out all the paperwork and find all your old bank statements.

 

Quick Approvals = No waiting or worrying

Because Kabbage uses computers to analyze your business data from your bank accounts, credit card processor, and accounting software, you can get approved almost instantly or at the longest in a day. I hated to wait, sometimes for weeks, and worry, when I applied for business loans in the past. Only to then be embarrassed and bummed out when I got a call from the bank rejecting my loan.  It is so much better to know right away if my retail financing will be approved so I can proceed with my business plans.

ebay business loans for shopify amazon sellers financing

Fast Funding = Get going with projects and payments

Once you are approved the money will be available for our business use often within hours, by using your Paypal account (which you are not charged any fees), or a few days if you opt for bank checking account transfer.  Also, you can get a credit card, called the Kabbage Card, which allows you to access our line of credit by using the card for purchases. Other ways to access these funds is by mobile phone app, desktop dashboard and within your accounting software (Intuit Quickbooks, Xero, Sage, and others)

Naming Tips: How to Come Up with a Catchy Business Name

 

Unrestricted Use of Funds = Ability to use Money ANY Business Expense

Because Kabbage gives you total flexibility to use the funds for any business-related expense you can manage your business the way you see fit – using the money to build your business. There are no restrictions prohibiting you spending the cash on rent, payroll, supplies, equipment, advertising, website development or events.  You know your business best and where it needs cash to make the most impact on business growth and profitability.

 

Renewable Source of Retail Financing = Continuous Access to Working Capital

As you borrow and then pay back money from your Kabbage retail loan, your line of credit renews to allow for future borrowing for working capital needs. This is a great way to continue your store’s growth by strategically using this money source for business-building activities.

Purchase additional inventory during your busy season with a loan from Kabbage. Visit us now at Kabbage.com

 

Auto Repayment = No missed payments or late fees

I like how easy Kabbage makes loan repayments. They do an auto debit to your business checking account for your regular loan payment for the exact correct amount on the due date. You will receive an email, in plenty of time, prior to this day, of the amount of the payment and date of debit. This process avoids incurring late fees, which can add up, and ensure that your payments are made on time. Thus you will not jeopardize your line of credit good standing and keep it open for your future business financing needs.

best loans for online retailers web shops ecommerce amazon

Higher Interest Rates = Larger Cost of Capital

Naming Tips: How to Come Up with a Catchy Business Name

Because you, as a small business with less than perfect credit, are a riskier loan than other types of business loans, that are secured with collateral such as real estate and machinery, your interest rates will be higher.  Kabbage APR (annual percentage rate) varies from a low of 1.5 -10% which increases based on your time in business, revenue, profit margin, and velocity of growth, ie your business performance factors.

When reviewing your options for retail financing it is wise to use the ROI (return on investment) evaluation system.

 

Right Way to Evaluate Short Term Business Loans: ROI – Return on Investment.

This is a financial calculation that focuses on the “value” of the loan money to your business and your ability to make money with the loan money.

In fact, Kabbage provides an ROI loan calculator which you can use to determine exactly how much “value” and return you will get on your loan.

Here’s an example:

  • Cost of Equipment – Five (5) Hair styling stations @$3,000 per = $15,000
  • Estimated monthly revenue from new equipment = $ 5,000
  • Estimated years in service = 5 years
  • Loan Term = 12 months
  • Fee Rate = 4.0%
  • Total Investment = $19,500

TOTAL REVENUE = $300,000 (Number of units X sale price per unit = Revenue)

  • INVESTMENT – $19,500

ROI – Return on Investment = $280,500 – 1438% 

Doesn’t that make more sense – seeing how the money from your Kabbage loan will build your business instead of just comparing numbers of loans (most which you will be denied)

Screenshot of ROI Loan Calculator

kabbage business loans for hair salons and spas

 

Check out our home page for the latest articles

 

Loans to finance online business - ebay, etsy, shopify, amazon and ebay

Best Retail Loans for Retailers Brick and Mortar Stores

 

Best Business Loans for Beauty Salon Owners

 

Best Restaurant Loans and Financing for Bars, Night Clubs & Coffee Shops

 

 

Check out my guide on how to start your business right with tons of useful tips I learned by successfully starting, building, and selling multiple companies.

FREE Business Naming Toolkit

Get my FREE 21-page ebook filled with the best brand-building tips and pro tool links to create your perfect new business name.
Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing! Please check your email for instant access to your toolkit!




Discover Your Best Domain Name

How to Choose Between Startup Business Ideas: Which to Launch First?

75 Fashion Business Ideas for Stylish Entrepreneurs

Cool Business Ideas for College Students to Start in University

Costs to Start Jewelry Business: Store, Online & Handmade

Calculate Startup Costs: What It Costs to Start a Business




Footer

Recommended best software and tools recommended for small business and entrepreneur startups

LEGAL ZOOM DISCOUNT CODE – BEST4B20 – SAVE 10%


legalzoom promo codes discount

RECOMMENDED ACCOUNTING SOFTWARE


quickbooks gopayment reviews

BEST LOGO DESIGN WEB SITE – SAVE $99

Best 4 Businesses - Entrepreneur Resources Homepage

Copyright © 2021 Best4Businesses.com · All Rights Reserved

x
Don't miss out!
Get a FREE Business Naming Toolkit
Filled with powerful brand-building tips to help you come up with your PERFECT new business name :)
We promise not to spam you. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing! Please check your email for instant access to your toolkit!