6 Best Ecommerce Funding Platforms for Loans & Financing

Best eCommerce funding Platforms for loans
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When you start an eCommerce business, there are various ways you can consider to finance the initial cost of investment. You can borrow money from friends and families, use credit cards, paycheck loans, etc.

And, if you are already running an eCommerce business, you need steady cash flow to manage your day-to-day operations and fulfill customer demands. If your business is profitable, you can easily manage it. 

But, if you want to expand your business to new markets or scale your inventory, you might need some extra cash flow to help you with it. This is where you can consider getting a business loan or securing working capital from reliable platforms.

There are many platforms such as banks and venture capitalists from where you can raise the necessary funds. But the process can be tedious and you may have to give away a piece of your company – you don’t want that, right?

So, in this article, I will show you some of the best eCommerce funding platforms from where you can easily secure the funds you need to take your business to the next level. Most of these platforms don’t require credit check and you can be eligible for the funding solely based on your business health.

So, if you are ready, let’s get started.

1. 8fig


8fig is an eCommerce funding platform that can provide you access to a steady flow of cash you need to grow your business. The platform provides an AI-based planning tool to analyze your store’s performance and suggest the exact amount you need to scale your business to the next level.

8fig works with you to create a custom growth plan based on your goals and then provides 80-90% of the funds you need to scale your supply chain. The rest 10-20% has to be borne by you as they want you to actively participate in the growth plan.

In order to be eligible to secure funds from 8fig, you just need two things –

  • At least 6-12 months old online store
  • $100,000+ revenue

Once you create your account on the platform, they will ask you to connect your store and provide all the essential details about your business and your plans on how you will use the capital.

The best thing about 8fig is that there’s no limit to how much funds you can secure from them. It entirely depends on your growth plan and gives you complete flexibility to adjust cash flow injections and repayment cycles.

  • Supported Platforms – Amazon, Shopify, eBay, BigCommerce, Magento, WooCommerce, and Wix
  • Personal Credit Checks  – No.
  • Cost of capital – 6-10% of the fund amount

2. Shopify Capital

Shopify Capital

Shopify Capital is a dedicated funding platform for Shopify users. If your online store is built on Shopify, you can raise up to a $2 million lump-sum fund, without any compounding interest.  

Shopify hasn’t made the eligibility criteria public as they automatically send email invitations with funding offers to eligible stores. However, if you check the following conditions, you can expect to receive the funding offer soon –

  • Merchants from the US, Canada, UK & Australia
  • Sell on Shopify for at least 90 days
  • Demonstrate consistent sales

Since Shopify Capital is a program within Shopify, the process of applying for the fund is quite simple and hassle-free – you don’t have to go through complicated applications to provide business details as they already have access to all the data they need to access your eligibility.

  • Supported Platforms – Shopify
  • Personal Credit Checks  – No
  • Cost of capital – Nil. However, they will take a percentage of daily sales till the total amount is repaid.

3. Wayflyer


Wayflyer is a Shopify Capital alternative for all kinds of eCommerce businesses with access to a larger pool of capital and flexible repayment structures. If eligible, you can get funding from $10,000 up to $20 million, which you can use for marketing, inventory, and other areas of your business.

In order to be eligible to get funded by Wayflyer, your online store should –

  • generate $20,000+ average monthly sales
  • be in business for at least 6 months
  • be incorporated in the US, CA, UK, AU, and other countries where they work.

Once you sign up on the platform, you will have to provide them access to your eCommerce platforms, marketing platforms, Analytics platforms, and business accounts. Based on the data, they will bring you an offer, which you can discuss with their team and optimize as per your requirements.

  • Supported Platforms – Shopify, WooCommerce, Magento, etc.
  • Personal Credit Checks  – No
  • Cost of capital – 2% and 8%, depending on the specifics of your business and how much funding you want.

4. Payability


Payability is a unique eCommerce funding platform that can provide you instant access to funds based on the previous day’s sales. The platform basically helps eCommerce businesses deal with delayed payouts from marketplaces and payment processors.

Each day, in the morning, your Payability account will be loaded with 80% of your previous day’s payouts on the connected marketplace and the remaining 20% is made available once the marketplace payout is received.

To meet the minimum eligibility requirements, your online store should –

  • generate at least $10,000 per month in sales
  • have at least a 3 months selling history

The best part of using Payability for daily payouts is that you can use its seller card to spend the loaned money. In return, you will earn a 2% cash back on every purchase, which you can use to earn back the fees you will pay on the platform.

  • Supported Platforms – Shopify, Amazon, Walmart, NewEgg.
  • Personal Credit Checks  – No
  • Cost of capital – 0.5% to 2%

5. SellersFunding


SellersFunding provides two types of business loans to eCommerce sellers – Working Capital & Daily Advances. Whether you are a marketplace seller or eCommerce store owner, the Working Capital is available for all eCommerce businesses to secure up to $5M capital. You can use the allocated fund for anything in your business, without restrictions.

To get the desired working capital for SellersFunding, you should have at least 6 months of sales history and at least $20,000 of net sales per month

Daily Advances is for Amazon FBA sellers only, in which you can receive up to 90% of your previous day’s sales. In order to qualify for daily advance payouts, you must have at least 3 months of sales history and at least $1,500 of net sales per month on the Amazon marketplace.

  • Supported Platforms – Shopify, WooCommerce, Amazon, Walmart, BigCommerce, etc.
  • Personal Credit Checks  – Yes
  • Cost of capital – 2.5% to 24.99% APR for Working Capital & 0.5% for Amazon Daily Advance Payouts.

6. PayPal Working Capital

PayPal Working Capital

If you are using PayPal as a payment processor in your online store, you can get an eCommerce business loan of up to $250,000 without any credit check – completely based on your PayPal payment history.

Similar to Shopify Capital, PayPal already has your payment records, so you don’t have to go through extensive documentation to very your business details. You can literally get funded within a few minutes, if eligible.

Speaking of eligibility, the minimum requirements to apply for a loan are as follows – 

  • Your business has had a PayPal Business or Premier account for 90 days or more
  • You process at least $20,000 in annual PayPal sales if you have a Premier account, or at least $15,000 in annual PayPal sales if you have a PayPal Business account

Once you receive the allocated capital in your account, you can choose to either repay automatically with a share of each PayPal sale or make manual payments with a  minimum payment required every 90 days.

  • Supported Platforms – Any eCommerce platform with PayPal as a payment processor.
  • Personal Credit Checks  – No
  • Cost of capital – Fixed price based on the amount and your business health, with no periodic interest, hidden fees, and late fees.

Ready to secure your eCommerce business loans?

If you are just starting, there are various ways to finance your eCommerce business as you might require small capital to set up store with minimal inventory. But as you grow your business, you might need capital to manage your daily business operations and streamline other fields of the business.

That’s where you can use one of the above funding platforms to secure a loan, entirely based on your business health, with no personal credit check or guarantees. So, if your business is performing well on monthly revenue and other parameters, it won’t be difficult for you to raise necessary funds.

The best part is that these eCommerce funding platforms is their easy application process and flexible repayment options, which you might not get from any traditional lenders like banks or VCs.

Finally, I hope this article helped you find the best platform to secure loan or working capital for your eCommerce business. If so, please do share with your fellow entrepreneurs to help you find reliable platforms to raise funds for your business.

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