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Can You Get a Loan From Shopify?

Last updated on October 2, 2022 @ 5:09 am

According to Shopify, you can get a loan from them “in as little as 48 hours” if you use their platform to run your business. There are many factors that go into whether or not you will actually be approved for the loan, but if you have a strong business on their platform with a good track record, you should have no problem getting approved.

The biggest benefit of taking out a loan from Shopify is that you can use the money for whatever you need it. There are no restrictions on how you can spend the money, so you can use it to expand your business, hire new staff, or anything else that will help your business grow.

PRO TIP: There are many scams out there promising loans from Shopify, but be very careful! Many of these are simply attempts to steal your personal information or money. Shopify does not offer loans directly to individuals. If you’re looking for a loan, your best bet is to work with a reputable lender.

The interest rates on Shopify loans are also very competitive, and they offer flexible repayment terms. You can choose to repay the loan over 6 months, 12 months, or 24 months, and there is no penalty for early repayment.

So if you’re looking for a quick and easy loan to help grow your business, Shopify is definitely worth considering.

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.