Eligibility for funding through Shopify Term Loans

Shopify Term Loans is currently only available in the United States. If your store is eligible to apply for funding through Shopify Term Loans, then you will receive message on the Home page of your Shopify admin or you will be contacted by a Shopify Sales Representative. If you don't receive a message from Shopify, then your store is currently ineligible to apply for Shopify Term Loans.

Shopify Term Loans start at $1,000,000 USD for all states except for New York, where they start at $2,500,000 USD. All Shopify Term Loans in the United States are issued by WebBank. An offer to apply does not guarantee funding.

Shopify Term Loans underwriting process

The Shopify Term Loans underwriting process consists of two stages, pre-qualification and application review.

Stage 1: Pre-qualification

During the first stage, Shopify identifies your store as eligible to apply for Shopify Term Loans. This determination is based on a number of factors such as your sales history within Shopify, your engagement with the Shopify platform, and other relevant criteria. A personal credit check isn't required when applying for financing through Shopify Term Loans, but financial documents are required to be submitted as part of your application.

Stage 2: Application review

During the second stage, the Shopify Lending Team reviews your store's application, including the financial documents provided, and confirms whether your store is approved for term loans. This review takes into account various factors, including your sales, payment disputes and chargebacks, your engagement with the Shopify platform and your store, customer engagement, and failed billing attempts.

Applying for Shopify Term Loans

You need to be a store owner to apply for funding through Shopify Term Loans. Applying for Shopify Term Loans is a guided process where you can provide the necessary information, review and agree to the Terms and Conditions, and submit your application. The Shopify Lending team will then assist you in completing the application process by guiding you through the submission of the required financial documents.


  1. From your Shopify admin, go to Finances > Capital.
  2. Choose an offer that fits your needs.
  3. Click Apply now to initiate the application and onboarding process.
  4. Review and confirm your identity and business details.
  5. Click Submit application to confirm your agreement and consent to the Shopify Loan Terms in the Merchant Loan Agreement.

After submitting your application, you'll receive a confirmation message informing you that your application has been submitted. An advisor from the Shopify will then email you to request the financial documents required to complete your application.

Can't find answers you're looking for? We're here to help you.