Finance for ecommerce

Operating in a rapidly changing marketplace, your business needs to take advantage of new opportunities as soon as they emerge. eCommerce enterprises can obtain fast business loans from lenders who have experience in the online market and will look at your credit score and trading history to make an instant decision. These lenders will be giving you a credit line to access on the same day as your application.

Whether you trade on eBay, Magento, Amazon, or an equivalent service, lenders’ systems can analyse your online accounts (such as PayPal or cloud accounting software) to determine trends and your affordability immediately. It’s never been easier to apply for funding because the information is so easily accessible to lenders. Some lenders will even assess customer reviews to tell them all they need to know about your business and base decisions on that.

What is working capital? Like every business, you still need the reserve cash to buy more stock and meet your obligations such as wages, taxes and other bills. Having a line of credit to access when you need – and that you pay for only when you use it – allows you to operate at a high level at no detriment to the business.

If you give credit to your customers so they can pay you later, your options could even include new advances in invoice finance that can be made online. The flexibility with these services is excellent for managing your working capital requirements, as businesses can use them for individual invoices, a handful, or the whole sales ledger.

If you import goods from abroad, we can assess your eligibility for trade finance, where you can access finance for stock purchases based on the credit profile of businesses in your supply chain. As well as allowing your business to operate at much higher levels builds better partnerships between the links in your supply chain.

As discussed, there are many finance options available to eCommerce businesses, so it’s essential that you understand which options best fit your needs.