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Does Shopify Capital Run a Credit Check?

Last updated on October 1, 2022 @ 9:52 pm

Shopify Capital is a financing program that provides Shopify merchants with access to funding in order to grow their businesses. The program is designed to be flexible and easy to access, with no credit check required.

Since its launch in 2016, Shopify Capital has helped thousands of merchants grow their businesses by providing them with the funding they need. In most cases, Shopify Capital will approve a loan within 24 hours, and the funds can be used for any purpose, including inventory, marketing, or even hiring new staff.

PRO TIP: Shopify Capital may run a credit check when you apply for financing. This could impact your credit score.

So, does Shopify Capital run a credit check? No, Shopify Capital does not run a credit check.

This means that even if you have bad credit, you can still access funding through this program. However, it’s important to note that Shopify Capital is not a traditional lender, and therefore there are some risks involved. For example, if you default on your loan, Shopify will have the right to seize your assets (such as your shop) in order to recoup the money owed.

Overall, Shopify Capital is a great option for merchants who need access to funding but don’t want to go through a traditional lending process. The program is quick and easy to access, and there’s no credit check required. However, it’s important to be aware of the risks involved before taking out a loan.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.