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You guys should make a video on Clearco and how they lend - it may be a better alternative!
Definitely on the list to record in the future.
thanks for this
You're welcome
I applied for this loan and waiting for approval. They used my LCC and business EIN. Does this help build my business credit?
We spoke with Shopify support and they said they neither do credit checks nor report to credit agencies.
@@LedgerGurus Thank you for finding that out!!
No. Shopify Capital is not reportable to credit agencies.
@@TiaMariaWigCoach You're welcome!
How many months can a general sale get a loan?
Shopify Capital doesn’t have a specific payback period. You receive a loan and then pay back a percentage of revenue for each transaction.
You guys should make a video on Clearco and how they lend - it may be a better alternative!
Definitely on the list to record in the future.
thanks for this
You're welcome
I applied for this loan and waiting for approval. They used my LCC and business EIN. Does this help build my business credit?
We spoke with Shopify support and they said they neither do credit checks nor report to credit agencies.
@@LedgerGurus Thank you for finding that out!!
No. Shopify Capital is not reportable to credit agencies.
@@TiaMariaWigCoach You're welcome!
How many months can a general sale get a loan?
Shopify Capital doesn’t have a specific payback period. You receive a loan and then pay back a percentage of revenue for each transaction.