How do I use Shopify Capital?
Shopify Capital is a financing option offered by Shopify that provides funding to eligible merchants to help them grow their businesses. Here are the steps to use Shopify Capital:
- Ensure that you are eligible for Shopify Capital financing. To be eligible, you must have a Shopify store and meet certain financial criteria, such as generating a certain amount of revenue.
- Log in to your Shopify account and navigate to the 'Capital' tab in the main menu.
- Review your financing options and select the amount of funding that you need.
- Submit your application for financing. You will need to provide information about your business, such as revenue and sales history, to help Shopify evaluate your application.
- Once your application has been approved, you will receive the funds in your Shopify account within a few days.
- You can use the funds to invest in your business, such as by purchasing inventory, hiring staff, or marketing your products.
- Repay the funding according to the terms of your financing agreement. This may involve making regular payments or repaying the funding in a lump sum at a later date.
Overall, Shopify Capital is a convenient and flexible financing option for eligible merchants who need funding to grow their businesses.
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