Volusion, a leading ecommerce platform built specifically for small- and medium-sized businesses (SMBs), launched Volusion Capital, a new solution designed to provide stress-free financing options to small businesses that lack the capital to grow.
Powered by New York fintech company Payability, Volusion Capital enables ecommerce merchants to leverage their online sales data and performance metrics to receive a lump sum of growth capital.
Payability’s technology-driven platform eliminates the need for traditional underwriting measures like physical bank statements, credit checks, and tax returns, making Volusion Capital an easy, smart financing solution for small business owners.
Capital Eligibility for SMBs
Businesses will be eligible for up to $250,000 in growth capital based on their sales history and advances are typically paid back within 8-24 weeks.
Once 50 percent 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 Dejban.
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.
Is Volusion Capital an option for your business?
Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.