Shopify to offer starter loans to new merchants
It is no secret that starting a business can be extremely hard. Even with the best ideas, entrepreneurs still struggle to secure initial financing to kick-start their businesses.
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Many of whom resort to dipping into their savings, borrowing from family and friends, or racking up credit card debt, just to get their businesses off the ground.
This is why we are launching starter loans for Shopify Capital, to offer financing to merchants that are getting started. With the initial loan of $200 dollars, eligible Shopify Payments merchants can begin building their brand, adding inventory, or experimenting with marketing to start growing their business. A small loan can make a big difference.
Shopify’s mission has always been to make commerce better for everyone and that includes making it a lot easier for those with an idea to finance their entrepreneurial journey.