Saijo George

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thursday16 Jan 2020

Shopify Starts to Offer $200 Micro Loans in the US

Eligible Shopify business owners in the US can now receive starter loans to boost their business, from building their brand, expanding their inventory, or experimenting with marketing through a new product called starter loan from Shopify Capital.

The starter loans will be available to merchants in 14 US states, including Arizona, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, North Carolina, South Carolina, Utah, Washington, Wisconsin, and Wyoming. Shopify stated that eligible merchants will be invited to apply for the loans by authenticating and linking their bank accounts to Shopify. Funds will be deposited directly into bank accounts.

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