Shopify Capital loan for merchants in the United States

In the United States, Shopify Capital offers loans. A Shopify Capital loan is a lump sum, also known as the loan amount, that you receive through Shopify Capital in return for a fixed borrowing cost, also known as the cost of funds. Under the merchant loan agreement, the loan amount plus the cost of funds is called the total payment amount. The loan amount is deposited into your business bank account, and then a percentage of your daily sales, also known as the daily payment percentage, is repaid to Shopify Capital until the total payment amount is repaid. The total payment amount and daily payment percentage depend on your risk profile. All loans through Shopify Capital are issued by WebBank.

Request a loan

If you're eligible to apply for a loan, then you can view your funding options and apply for a loan directly on the Capital page of your Shopify admin. Funding isn’t guaranteed, and an offer to apply might expire at any time.

You can choose from three funding options. The terms of each option include the loan amount or amount received, the total payment amount or total owed, and the daily repayment rate that will be deducted from your daily sales and repaid to Shopify Capital.

After you apply for a loan, your request is reviewed within 1-3 business days, but it might take longer in some cases. If your request is approved, then your loan amount is transferred to your business bank account.


  1. From your Shopify admin, go to Finances > Capital.
  2. Review the terms of the available funding options, and then click Apply now beneath the option that you want to apply to.
  3. Verify your identity and business details for Shopify Capital.
  4. In the Review loan terms and submit your application dialog, click Merchant Loan Agreement, and then review the terms of the agreement carefully before submitting your application.
  5. Optional: To change your payment provider to Shopify Payments, select Change my payments provider to Shopify Payments. If you switch to Shopify Payments, then it might take more than five business days to approve your request.
  6. Click Submit application. You might be asked to verify your details for Shopify Capital, even if you have previously received funding through Shopify Capital.

After you receive the loan, the daily repayment based on your store's daily sales begins within two business days.

Keeping track of your loan repayments

After you receive your loan, you can track the remaining balance of your total payment amount from the Capital page of your Shopify admin under Shopify Capital.

From the Capital page, you can view the following repayment information:

  • The remaining balance of the total payment amount.
  • The amount of the total payment amount that has been repaid.
  • The transfer history of repayments.

In the all transactions report, the Total sales column shows each day's sales revenue, and the Amount column shows how much of that revenue is repaid to Shopify Capital.

Download your balance letter

You can download a balance letter from the Capital page of your Shopify admin. You can use the balance letter to show your bank that you no longer have any financial obligation or what your current balance is.


  1. From your Shopify admin, go to Finances > Capital.
  2. Click View all transactions.
  3. Click Export, and then click Balance letter.
  4. Save the balance letter to your device.

Repay the remaining balance

You can repay any amount over 1 USD against your loan, or the full remaining balance in one lump sum. The payment is debited from the same business bank account that's associated with your Shopify account. The cost of funds isn't reduced when you pay your entire balance, and payment doesn't guarantee eligibility for additional financing.


  1. From your Shopify admin, go to Finances > Capital.
  2. Click Make a payment.
  3. Choose the amount that you want to pay:
    • To make a manual payment, enter the amount in the Custom amount field.
    • To pay the full amount, click Full remaining balance.
  4. Click Next step and review the amount to be repaid.
  5. Click Make a payment.

You receive a confirmation email when your repayment is complete.

Calculating your loan repayment

To calculate the amount that will be repaid to Shopify Capital each day, the daily repayment rate is applied to your store's daily sales revenue. If there are no sales on a particular day, then there will be no repayment for that day.

For the purpose of calculating repayment, your store's daily sales revenue includes every order that was marked as paid that day, regardless of the source of the order, how payment was processed, or whether the order was later refunded or canceled.

When calculating repayment, the only orders that aren't included in your store's daily sales revenue are test orders that were placed when Shopify Payments was in test mode. If test mode wasn't activated when an order was placed, then the order is included in your store's sales revenue when the day's repayment is calculated.

Requesting another loan

After you receive a loan, you might want to apply for another loan for additional financial support.

If you're eligible to apply for another loan and you've repaid at least 65% of your active loan, then new funding options are displayed on the Capital page in your Shopify admin.

If you apply and get approved for a second loan, then the funds are deposited to your bank account within 2-5 business days. The repayment for your second loan begins only after you fully repay your first loan.

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