Compare business loans for eBay sellers

Financing works a little differently for eBay sellers. Bank loans can be tough to come by, but you have a range of nontraditional financing to pick from that might actually work better for your business model.

This guide illustrates your options and helps you assess which kind of financing could fit your needs — or if you need a loan at all. We take you through the kinds of loans that are available for eBay sellers, what you need to apply and more.

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First Down Funding business loans

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How can I finance my eBay store?

Lucky for you, there are lots of financing options for small businesses like eBay stores. These include:

• Lines of credit.If you always need money to maintain your inventory but don’t have consistent sales,consider opening a business line of credit.
• Peer-to-peer business loans.Rather than provide funding themselves, online marketplaces help connect you with investors willing to take on your loan.
• Merchant cash advances.Merchant cash advances like PayPal Working Capital can help seasoned sellers get ready for a busy season. They’ll deposit a cash advance directly into your account and then take a specific percentage of your sales. Some will charge interest — which can be high — while others ask for a fixed fee.
• Microloans.These small-dollar loansare particularly useful to eBay sellers just getting off the ground and need a few hundred or thousand dollars to purchase a key piece of equipment or build up inventory.
• SBA loans.SBA loans are government-guaranteed small business loans that offer low interest rates and longer repayment terms than most lenders.SmartBiz offers SBA loansand streamlines applications for faster funding.
• Startup loans.Loans for new businessescould be particularly useful to eBay sellers that are new to the game. They tend to have less strict eligibility requirements and can come in smaller amounts and terms. Be prepared to submit a business plan.
• Fixed-term business loans.These are more traditional Get a fixed-term business loan with predictable monthly payments business loans that are funded in one lump sum and repaid over a set period of time. They’re better suited for heavy weight sellers: You’ll usually need to have been in business for at least one year and have monthly revenue of $10,000 or more to qualify.
• Personal loans.Personal loans may be the way to goif you have a small one-time business expenses like launching a new website, buying new equipment or advertising. These loans could have lower interest rates than business loans, especiallyif you have an excellent credit score.
• Crowdfunding.Got a small following? Or a social network?Set up a campaignon a crowdfunding platform and ask your friends and fans to make small contributions.
• Friends and family.Borrowing from friends or relatives is a financing option that gives you a little more leeway than a professional lender will allow. Just make sure they know what they’re getting into so you don’t damage your relationship.

Compare top online business lenders

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Name	Product	Filter Values	Loan amount	APR	Requirements
First Down Funding business loans			$5,000 – $300,000	Fee Based	At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400	Alternative financing up to $300K with highly competitive rates.	Check eligibility More Info		loading Fetching your data…
Lendio business loans			$500 – $5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560+ personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Check eligibility More Info		loading Fetching your data…
ROK Financial business loans			$10,000 – $5,000,000	Starting at 6%	Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales	A connection service for all types of businesses — even startups.	Check eligibility More Info		loading Fetching your data…
OnDeck small business loans			$5,000 – $250,000	As low as 11.89%	600+ personal credit score, 1 year in business, $100,000+ annual revenue	A leading online business lender offering flexible financing at competitive fixed rates.	Check eligibility More Info		loading Fetching your data…
Rapid Finance small business loans			$5,000 – $1,000,000	Fee based	Steady flow of credit card sales, bad credit OK	Check eligibility More Info		loading Fetching your data…
Fundbox business loans			$1,000 – $100,000	4.99	You must have an established business.	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Check eligibility More Info		loading Fetching your data…
Kickpay e-commerce business loans			$20,000 – $1,000,000	Not applicable	At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.	Get a loan for your e-commerce business based on your sales history.	Check eligibility More Info		loading Fetching your data…
LendingClub business loans			$5,000 – $500,000	12.15% to 29.97%	12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better	With loan terms that vary from 12 to 60 months, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.	Check eligibility More Info		loading Fetching your data…
Monevo business loans			$500 – $100,000	3.99% to 35.99%	Credit score of 500+, legal US resident and ages 18+.	Use this connection service to get paired with a loan you can use for business.	Check eligibility More Info		loading Fetching your data…

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Is there financing specifically for eBay sellers?

Yes. Some lenders offer loans tailored for online businesses like your eBay store, including:

• LendingClub.LendingClub is a peer-to-peer lenderthat provides a client adviser to help you navigate your options. You could get a loan within days, but your business must be at least two years old and you must own at least 20% of it.
• Kabbage.Kabbage is a popular choiceamong eBay sellers who want a line of credit, rather than a traditional loan. But it’s best for established sellers with steady sales — missing a payment can lead to mounting fees and could ultimately hurt your business.
• Dealstruck.Dealstruck offers inventory lines of credit and loans tailored for online retailers. You’ll have an easy time signing up to get decent interest rates.

What should I look for in an eBay loan?

When trying to find the right loan for your eBay store, rates and terms are important. But they’re not the only thing you should consider. Pay attention to these aspects when

• Loan amounts.Do you need a bit of money to set up a website, or are you looking for a chunk of cash to finance your inventory? Narrow down your options by looking at loans that will give you just enough — and try not to borrow more than that. Otherwise you’ll have to pay more in interest.
• Loan terms.Can you pay your loan back right away, or would you like something open-ended, like aline of credit? Find a lender that offers a repayment term that fits your budget.
• Your eligibility.The vast majority of business lenders have minimum revenue requirements, which will usually be around $10,000 monthly or $100,000 annually. Some lenders require that you to own a specified percentage of your business, while others might not give you money if your business hasn’t been around for more than a year. Make sure youmeet the lender’s requirementsbefore choosing a loan.
• Interest rates.Interest rates vary across lenders.The amount you want to borrow, your lender, loan term and type and even your credit score can factor into the rate you’re ultimately offered.
• Fees .Read the fine print andknow the costswhen you apply for a loan — some come with hidden origination, application and prepayment fees.
• Repayment costs.Avoid applying for a loan with repayments that you can’t afford — and make sure you’re clear on when they’re due before you sign your loan documents. Repayments can be monthly, weekly or even come out of your sales each day, depending on what type of financing you choose.

What do I need to apply?

The documentation you’ll need to assemble before applying for a loan will differ by lender and loan type — especially when it comes to loans for e-commerce businesses like eBay stores. Generally, you’ll need to have financial records for yourself or your business, a business plan and your personal information. You may also need to provide your personal credit score.

Is a business loan the right choice for you?

Bottom line

Taking out a loan can be a solid way to boost your eBay presence and better compete in the e-commerce world. Comparing your options and choosing the financing that best fits your needs is the best way to ensure your long-term success.

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