In response to the coronavirus (COVID-19) emergency, Shopify moved quickly to expand Shopify Capital to the U.K. as part of its ongoing global effort to support merchants during this incredibly difficult time.
Through a simple online process, thousands of eligible merchants in the U.K. will be able to apply for a cash advance, ranging from as little as £1,000 to as much as £500,000.
As time is of the essence, funds can generally be made available in just a few days through Banking Circle Group, a leading platform for financial infrastructure globally.
Bringing Shopify Capital to the U.K. is the first step the online platform is taking in its efforts to expand this offering internationally.
Shopify Capital to Expand Further
Shopify is rapidly trying to expand this program to other markets as it is committed to providing solutions that will help its merchants through and beyond this global pandemic.
The company also encourages British merchants to explore the U.K. Government’s Coronavirus Business Interruption Loan Scheme that will provide government-backed loans of up to £5 million to small and medium-sized businesses.
Note: Banking Circle Group consists of Banking Circle S.A. a regulated credit provider in the EU and Shopify Capital powered is powered by YouLend a dedicated capital unit that offers white-label financing solutions.
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