Frequently Asked Questions
Empowering e-commerce sellers with easy access to capital
E-Commerce Seller Financing offers a simplified and easy way for e-tailers to obtain loans. Where other agencies have sky-high rates and sneaky fees with complex amortization tables, we have simple terms and no hidden fees. The process also is extremely quick. Instead of weeks, you can often get approved on the same day. We have made it possible and easy for marketplace sellers to get a small business loan at E-Commerce Seller Financing.
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- Account Management
- Affiliate Program
- Approval Process
- Borrower Questions
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Currently we have a minimum of $3,000.
Currently, our maximum loan term is 12 months.
There are instances that may require to pull an Experian report, but we always try and approve the loan using a soft credit check.
We will automatically deduct the payments from your bank account; so, you don’t have to stress about scheduling a payment.
We do file UCC-1 on your business for duration of the loan. However, we will take care of all that and you won’t even have to lift a finger.
The are several reasons to why a loan may get declined, such as having another outstanding loan or no sales volume. We strive to make sure we always put the client first, and, sometimes, that means declining a loan application.
We are currently exploring other e-commerce sites such as Shopify. Email [email protected] to see if we can finance your specific e-commerce platform.
We do have an affiliate program! Email [email protected] to get started.
It’s always risky to put all your eggs into one basket. Amazon or Walmart already know your inventory and sales information; so, why not control your own cash flow?
Sellers with an outstanding track record and stable to positive sales growth will be able to borrow at the lower end of this range. The maximum amount will be a percentage of your projected sales for the following 90 days established by our model.
We transfer the money straight to your bank account using either ACH or Wire.
We do not accept or use cryptocurrencies at this time.
Currently, we only allow one loan to be outstanding at a time. However, there is always the option to renew your loan.
We will consider any size loan.
We automatically process your payment for you so you never have to worry about scheduling a payment.
We understand that running a business is difficult enough without complicated interest fees. So we kept our fee structure simple. Our fee is a fixed flat fee that ranges from 2% to 5%. Larger sellers can qualify for an even smaller fee.
Yes! Once you have paid back at least 50% of your original loan amount you will become eligible to receive a new loan. A notification will be sent to you automatically with the instructions on how to proceed!
Yes, we require that our API access into your seller account remains active and not limited.
We do store the information that you provide in your application during the underwriting process. This information is encrypted and secured.
Since we don’t ask for any additional collateral, we require a Personal Guarantee from the owner or shareholders of the company. That is why we ask for Owner’s Information on the Online Application.
For Amazon Sellers, please follow these steps to retrieve the information:
1.Please follow this URL https://amzn.to/2Nmkcu5 to sign in to your seller account and access the add developer section. Also you can navigate to “User Permissions” under “Settings” and click on the “Authorize a developer” button at the bottom of the screen.
2. In the “Developer name” text box type in “AMZ Seller Financing” (for your reference only) and in the “Developer ID” text box enter 9856-9397-9506 and when you’re ready, click on “Next”.
3. A new screen will display: your Seller ID (XXXXXXXXXXXXX), Marketplace ID (ATVPDKIKX0DER) , and MSW Auth Token (amzn.mws.XXXXXXXXX-XXXX-XXXX-
4. Send over your Seller ID and MSW Auth Token to [email protected]
For Walmart Sellers, please email us at [email protected]
You must complete the entire online application (5 minutes to complete). Once you do that, we will be able to analyze your application and get back to you. If approved, funds are deposited in 1-2 days.
It usually takes from 1-3 days to have the money disbursed to your account, since we have to analyze all the information, agree on the terms, sign the agreement and disburse through ACH.
Of course you would. We know how it works, the cash flow pitfalls and all the challenges. So you are more then welcome to apply and we will take that into consideration.
Yes, you would. The final proposal depends on the performance of your company and having a loan with another lender doesn’t automatically disqualify you.
If you haven’t heard from us, we are analyzing your case to get back to you.
Sure. You can reapply anytime you want. We suggest that you wait a couple of months to reapply or when you notice you had a major change on your Amazon Account.
You must have at least 6 months of Sales history, and your sales should be at least $60,000 in that period (or an avg of $10,000 / month). The company needs to be in good standing as well.
It can vary from 3-12 months.
There can also be a grace period of 1-3 months before starting to repay the loan, so you can purchase your inventory.
Clients that have a track record created with us usually get longer terms and grace periods.
We usually require three reports: Business Report, Inventory Report and the Payments Settlement Report while you are completing your application.
In some cases, we need more information. If it applies to your case, we will let you know.
Yes. We count on your account to have a balance when we process the ACH for each payment. It is your responsibility, not E-Commerce Seller Financing’s, to have sufficient funds in your account on each the due date. When you don’t have sufficient funds, you will be charged late fees and penalties according to your agreement.
No, there are no prepayment fees. If you decide to prepay your loan, you need to contact us through [email protected] and we will calculate your prepayment considering the incurred interest. We will then send you the total for your approval. Once you approve the proposal, the money will be collected from your account.
Yes, if you decide to prepay a part of your loan you need to contact us through [email protected] and we will calculate your prepayment considering the incurred interest. We will then send you the total for approval. Once you approve the proposal, the money will be collected from your account.
Yes. You can prepay your loan at any time. Just get in touch with us and we will assist you on your request.
You DO NOT need to transfer, wire or write checks. All collections are done through ACH to your account.
You don’t need to worry about your payments since we will collect it by processing an ACH to your account every day a payment is due according to your payment schedule on the agreement. The account was set up when you signed the agreement.
We collect our payments from your Amazon deposits. Typically Amazon deposits happen every 14 days. Check your agreement for the exact amount of each payment.
If you encounter any problems and won’t be able to have sufficient funds in your account, let us know before it happens so we can work together to find a solution. This may help you incur fewer fees and penalties. If we are not able to get in touch with you, we will have to send your case to a Collection Agency, report it to credit bureaus, and charge additional fees. Don’t let this happen. If you think you will have any problems, let us know first by getting in touch through [email protected]
It usually takes 1-2 days for you to see the funds in your account and ready to use. If you don’t see it, please let us know.
Yes you can. As soon as you reach 50% of your original outstanding balance you will be eligible to apply for a new loan. Since we have created the track record, we will review your case, your performance and get back to you with a proposal.
Yes, you can, but as stated in the agreement, if you change the account you receive your Amazon Payments on without letting us know first, it can result in a default situation. If you do want to change your account, get in touch with us through [email protected] and let us know. Once you get the approval, you must change your account on Amazon and send us a Screenshot of your new account added to Amazon, a voided check and a bank statement. If your account is new, you can send us a screenshot and a bank letter that this account belongs to the same company that is the borrower on the original agreement.
You received a copy of your agreement by email when it was completed on HelloSign. If you are unable find it, please contact us through email: [email protected] and request a copy of the agreement.
No. We do not charge for things like application fees or origination fees. We charge one rate for our loan and that is it. Our fee is a fixed flat fee that ranges from 2% to 5%. Larger sellers can qualify for an even smaller fee.
We offer a straightforward and clear process with simple and easy-to-understand terms.
If you’re interested in the possibility, check out what you pre-qualify for. No credit checks or application fees involved.