Understanding Shopify Term Loans repayment process and payment amounts
Shopify Term Loans offer a financing option to support your business growth. With a term loan, you receive a lump sum of money upfront in exchange for specific borrowing terms. You agree to pay a fixed amount over a structured payment schedule. Payment options include weekly or monthly payments. Each payment is calculated by dividing the total payment amount by the number of weeks or months in the chosen term.
All Shopify Term Loans in the United States are issued by WebBank. An offer to apply does not guarantee funding.