ShipBob Reveals Capital Financing Program

ShipBob unveiled ShipBob Capital, a capital financing program powered by J.P. Morgan-backed Slope to offer merchants a flexible line of credit.

"Running an e-commerce business comes with unique challenges, from acquiring upfront investments and responding to an ever-changing landscape to managing inventory turnover and meeting growing customer demand. With ShipBob Capital, our merchants can access the funding they need to invest in their business and scale, whether that means stocking up on more inventory or launching new products, without worrying about cash flow constraints," says Dhruv Saxena, ShipBob CEO and co-founder. "We want to help enable our merchants to compete and thrive in the fast-evolving world of ecommerce by providing the resources they need to unlock their full potential in the most convenient way possible."

Key takeaways:

• Eligible merchants can get approved for up to $250,000 instantly and up to millions of dollars in as soon as two business days, choosing from a variety of re-payment plans with competitive APRs.