Shopify Capital is now available to Canadian Shopify merchants, making it the third country where the ecommerce platform is offering this financial service.
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“Canada holds a special place in our hearts at Shopify. It’s where we’ve established roots as a company and it’s where so many of us call home. Right now, many small businesses are struggling to survive in the new reality that confronts us all. That’s why, starting today, we’re introducing Shopify Capital in Canada to provide fast relief to cash-strapped businesses across the country.”
Shopify Capital – Different Kind of Business Financing
Shopify Capital isn’t traditional financing. Instead, the program offers cash advances that are repaid through future sales.
Starting now, thousands of eligible Canadian merchants will have access to the money they need, with advances ranging from $200 CAD to $500,000 CAD per eligible merchant to keep their businesses going. Approval takes only a few days after a simple online application process.
This funding will fill in the gaps that banks generally can’t satisfy right now and provide businesses with the cash flow they need, when they need it most – now, not months from now.
The roll-out of Shopify Capital in Canada follow the recent expansion of the program in the U.K. Shopify continues to explore more markets where it can offer this program now available in the U.S., U.K., and Canada.
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