Shopify Capital Loans and merchant cash advances can provide from $200 to $1,000,000 in support for US-based sellers. Here are the following rates for the remaining locations.
If you are eligible, Shopify Capital will provide you three pre-approved loan amounts. Each of them with a fixed borrowing cost and a 10% remittance rate.
To define, the remittance rate is the percentage of daily sales revenue being taken by Shopify Capital as repayment for the loan or cash advance. This remittance rate is then taken from the business bank account until such time that the total to remit is fully paid.
These amounts will depend on your actual sales numbers and your risk profile. Once approved, the funds will go straight to your bank account set on Shopify Payments. Once you have paid the loan amount in full, you can reapply should the need arise and with a much bigger loan amount.
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