Volusion are the latest ecommerce supplier to get into the merchant loan business with the introduction of Volusion Capital. Volusion is an online store creator with the option of adding feeds to Facebook, eBay and Amazon.
Powered Payability, Volusion Capital enables ecommerce merchants to receive a lump sum of capital. As with similar solutions, Payability eliminates the need for traditional underwriting measures like physical bank statements, credit checks and tax returns for Volusion Capital. Businesses will be eligible for up to $250,000 based on their sales history and advances are typically paid back within 8-24 weeks. Once 50% of the advance has been paid, merchants are eligible to refinance.
“Traditional financing doesn’t always recognize the viability of ecommerce businesses. Volusion Capital will change that. Having access to more capital means more inventory, more opportunities, and more sales for our customers. We are excited to offer a solution that provides our ecommerce sellers with a quick approval financing option that will help with their growth.”
– Bardia Dejban, CEO, Volusion
The decision to partner with Payability was a natural one, according to Bardia. Since 2015, Payability has provided roughly $2 billion in capital to thousands of ecommerce sellers. By connecting directly with the marketplace or ecommerce platform, Payability is able to leverage relevant data to make smart financing decisions, providing business owners with the best possible options.
Capital Advance Detail
Funding Amount
Receive roughly 1 month’s sales up front.
Advance Term
Advances are usually paid back between 8-24 weeks, depending on your business needs.
Payback
Volusion Capital will collect a portion of your future sales – typically between 10% and 25%
Cost
Volusion Capital charge a flat weekly fee between 0.35% and 1% of the total advance amount.
“We are excited to power Volusion Capital through our patented technology. We have seen first hand the impact that simple, friction-free financing solutions can have on the trajectory of businesses of all sizes.”
– Keith Smith, co-founder and CEO, Payability
You can of course continue to go direct to Payability (Volusion Capital is currently only available in the US, but Payability also serve UK businesses.
