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$5,000
Min. Amount
$500,000
Max. Amount
Product Name | SellersFunding business loans |
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Min. Amount | $5,000 |
Max. Amount | $500,000 |
Loan Term | 6 to 12 months |
APR | Starting at 14.99% |
Requirements | 6+ months of Amazon sales history, $30,000+ in sales in the past 6 months, positive customer feedback, few returns, consistent sales activity |
To qualify for a SellersFunding business loan, you need to meet the following criteria:
SellersFunding is an online direct lender that offers unsecured short-term loans. SellersFunding requires business owners to back the loan with a personal guarantee. This means that the business owner is on the hook for paying off the loan if the business folds or can’t pay back the debt.
SellersFunding uses an algorithm-based underwriting system, meaning your business can get approved in around a minute. After you’ve accepted the loan, it typically takes between two and three business days to get your funds.
While there’s no restriction on what type of business can apply for a SellersFunding business loan, it’s made to meet the specific needs of Amazon sellers. The application doesn’t take more than a few minutes and is primarily based on the past six months of sales. The short terms make the loan especially useful for businesses that need funding to prepare for an uptick in sales to purchase inventory, bring on more staff and more.
In addition to short-term business loans, SellersFunding also offers what it calls a “revenue advance” for e-commerce merchants. This works a lot like a merchant cash advance with a twist: SellersFunding uses an algorithm to predict your business’s next 90 days of online sales and offers a 15% advance on the funds to help improve cash flow. Then, your business pays it back with a daily percentage of its online sales.
SellersFunding charges a 5% advance fee, which it takes directly from your funds before you receive them. So, your business is on the hook for paying back 15%, but actually only receives 10% of its predicted future sales. Typically, it takes around 48 hours for your business to receive its funds after finalizing the application.
BBB accredited | Yes |
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BBB rating | A+ |
Trustpilot Score | 4.7 out of 5 stars, based on 206 customer reviews |
Customer reviews verified as of |
Although SellersFunding doesn't have any reviews on its BBB page, it does receive largely positive reviews on its Trustpilot page. Customers compliment its customer service and the quick funding process.
After you confirm you meet SellersFunding’s eligibility requirements, you can apply online by following these steps:
If approved, your business can receive its funds in as little as two or three business days after signing its final loan documents.
You don’t need to submit any documents when you apply. Instead, you simply have to connect your Amazon seller account to SellersFunding and it will pull in any data it needs to process your application.
You might want to reach out to the SellersFunding customer service team by calling its customer service line between 9 a.m. and 8 p.m. ET. It appears that SellersFunding might sometimes work with e-commerce businesses using other platforms.
It depends on which grace period you chose. Your business might not be on the hook for repayments until 90 days after getting its funds. After that, SellersFunding will most likely start deducting repayments automatically as they’re due. If your account doesn’t have enough funds to make a payment, SellersFunding charges your business a fee outlined in your loan agreement.
Since SellersFunding doesn’t charge prepayment penalties, you might want to consider paying off the loan early to save on interest. However, since its loans come with such short terms, your business might not save as much as it would with a longer-term loan.
If you’re an Amazon seller looking for a short-term loan to pay for inventory or otherwise grow your online business, SellersFunding could be a great choice. Other e-commerce industries might run into some snags in the application, however. It’s also not ideal as a long-term financing solution.
Want to learn about other financing options? Check out our guide to business loans. We’ll give you more details about how business financing works and even more options to compare. Or compare more business loan options tailored to Amazon sellers.