What is the difference between Business Cash Advance, Flexible Cash Advance and a Term Loan?
Business Cash Advance is an advance on your sales which gives you access to a lump sum of capital upfront once approved. This is not a loan—the cost comes in the form of a fixed fee, not interest. Also, unlike a term loan that has fixed monthly payments, Business Cash Advance is paid on a pre-agreed percentage of your gross sales. You only pay for the advance when you sell and if you need more funds in the future, you’ll have to apply for a renewal.
Flexible Cash Advance provides ongoing access to an account with your Available Capital. You can take out multiple advances up to the maximum available capital as often as you need, without new applications for each advance. These advances are not loans—the cost comes in the form of fixed fees, not interest. Also, like a Business Cash Advance, each advance under the Flexible Cash Advance program is paid on a pre-agreed percentage of your gross sales. You only pay for the advance when you sell.
A term loan is a traditional financing option that charges interest and is repaid within a given term. You have to repay the term loan whether you sell or not.
Who would benefit from the eBay Seller Capital program?
eBay Seller Capital partners offer both short and long term financing options with a broad eligibility criteria to meet the unique needs of both growing and established businesses. Funding can be used to buy more inventory during peak selling seasons or for promoting your listings on eBay.
Will this impact my credit score?
As part of its assessment of your application for funding, Liberis and iBusiness Funding carry out a soft credit pull which will not impact your consumer credit score.
What do I need to apply?
The simple application takes a few minutes to complete. With some basic information about you and your business, you could have a decision in seconds. You will be asked to verify your identity, provide certain personal and business information, and confirm the bank account where you prefer to receive your financing, if approved.
Do I need to provide financial statements in my application?
Depending on the product and financing partner, you might be asked to provide bank statements or tax returns for income verification purposes. If you have more than one bank account to manage your business and personal income, you’re welcome to provide multiple bank statements as requested. As part of the financing application process, you’ll need to provide a single bank account for the fund disbursal.
Are there origination fees?
Liberis does not charge an origination fee, only a one-time fixed fee for advances under each Business Cash Advance. For a Flexible Cash Advance, you only pay a fee when you receive a new advance.
iBusiness Funding sets its own fees and charges a 5.99% origination fee.
When will I receive my financing?
eBay Seller Capital partners may provide same-day decisions. Depending on your bank, your deposit could be available as soon as the next business day after financing approval.1,4
How will I receive my financing?
Financing proceeds will be directly deposited into your verified bank account.
How do I apply for additional financing?
If you have taken out a Business Cash Advance, you may be eligible for additional funding when you’ve paid down at least 50% of your funding balance. If you become eligible again, you may receive a notification.
If you have an active Flexible Cash Advance and would like to renew beyond the 12 month availability period, please contact Liberis directly at info-us@liberis.com or (470) 582-1130.
If you have an active term loan from iBusiness Funding and would like to access additional financing, please contact iBusiness Funding directly at info@iBusinessFunding.com or (855) 218-8023
What are my payment options?
Liberis: You pay a pre-agreed percentage of your daily gross sales proceeds automatically to Liberis. For any questions, please contact Liberis directly at info-us@liberis.com or (470) 582-1130.
iBusiness Funding: You make payments directly to iBusiness Funding as per the terms of your respective agreement. For any questions regarding making payments, please contact iBusiness Funding directly at info@iBusinessFunding.com or (855) 218-8023.
How are my payments calculated?
If you received an advance from Liberis, your payment is a fixed percentage of your gross daily sales.3 Your gross daily sales would include any taxes, shipping costs and any other fees associated with the orders.
If you’ve received a term loan from a lender via iBusiness Funding your payment is calculated based on the loan amount, interest rate or fixed fee, and the term between 12 and 84 months.6