Funding that can keep pace with you as you grow. E-commerce funding is a revenue funding solution that can help fuel your business growth. For access to tailored funding and more savings opportunities specifically for your business, simply register here.
A revenue finance solution that can be used to fund a variety of business expenses to help fuel growth. Revenue funding works by granting an advance based on future sales, repayment is then taken as a fixed percentage of the sales as they occur. Lenders are primarily concerned with revenue and gross profit as there needs to be a good margin to allow their repayment from future sales. Some lenders simply offer business funding, whilst others offer additional services complimenting the money and helping businesses with insight to drive business growth.
E-commerce funding is available to businesses that have a website and receive payments for services. Particularly suited are Direct to consumer online retail, Software as a service, subscription businesses and online marketplaces. If your business falls outside of those listed, but you receive card payments you may be eligible for a Merchant cash advance, which is a slightly different solution. Register with Swoop to speak to one of our Funding Managers to find out more.
Funds can be used for a variety of purposes, user acquisition, marketing spend, stock etc. Some lenders restrict the use of funds whilst others simply forward the advance to your bank account.
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