What is the difference between Business Cash Advance, Flexible Cash Advance, Term Loan, and a Line of Credit?
Business Cash Advance: A Business Cash Advance is a type of merchant cash advance based on your sales that gives you access to a lump sum of capital upfront once approved. This is not a loan. Instead of interest, the cost is a fixed fee. Repayment is made as a pre-agreed percentage of your gross sales, rather than fixed monthly payments. You only repay when you make sales. If you need additional funding in the future, you’ll need to apply for a renewal.
Flexible Cash Advance: A Flexible Cash Advance provides ongoing access to available capital, allowing you to take out multiple cash advances up to your maximum available capital as often as you need, without submitting a new application each time. Like a Business Cash Advance, this is not a loan. Each advance carries a fixed fee instead of interest and is paid on a pre-agreed percentage of your gross sales. You only pay for the advance when you sell.
Watch this brief video to learn more about Flexible Cash Advance
Term Loan: A term loan is a traditional business loan that charges interest and is repaid over a fixed period of time. Term loans have set monthly payments that must be paid regardless of your sales performance.
Line of Credit: A Line of Credit gives you access to funds as needed through an approved credit limit. After you're approved, you can draw funds when you need them and repay each draw with fixed payments. You don’t need to submit a new application each time you want to draw from your available credit. As you repay, your available credit may become available again.
Who would benefit from the eBay Seller Capital program?
eBay Seller Capital can benefit sellers who are looking for flexible business funding to support growth or manage cash flow. eBay Seller Capital partners offer both short- and long-term financing options with broad eligibility criteria, designed to meet the needs of both growing and established businesses.
Funding can be used for common business needs such as purchasing inventory during peak selling seasons, covering operating expenses, promoting listings on eBay to drive sales, developing product lines, or expanding globally.
Will this impact my credit score?
As part of the application review process, Liberis, iBusiness Funding, and Fundbox perform a soft credit check. This soft credit check does not impact your personal (consumer) credit score.
What do I need to apply?
The application is simple and takes just a few minutes to complete. With basic information about you and your business, you may receive a decision in seconds. You’ll be asked to verify your identity, provide certain personal and business information, and confirm the bank account where you’d like to receive your funding, if approved.
Do I need to provide financial statements in my application?
Depending on the product and financing partner, you may be asked to provide bank statements or tax returns to help verify your income. If you use 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 application process, you’ll need to designate a single bank account for funding disbursement.
Are there origination fees?
Liberis does not charge an origination fee. Instead, a one-time fixed fee applies to each Business Cash Advance. For Flexible Cash Advance, a fixed fee is charged only when you receive a new advance.
FC Marketplace, LLC, a subsidiary of iBusiness Funding, sets its own fees and charges a 5.99% origination fee.
For a Line of Credit with Fundbox, there is no origination fee. You’ll pay a fixed fee on each draw, and you won’t be charged for the portion of your available credit that you don’t draw.
When will I receive my financing?
eBay Seller Capital partners may provide same-day decisions. Depending on your bank, funds may be deposited directly into your account as soon as the next business day after financing approval.¹ ⁴ ⁷
How do I apply for additional financing?
Business Cash Advance: If you’ve taken out a Business Cash Advance, you may be eligible for additional funding after you’ve paid down at least 50% of your funding balance. If you become eligible, you may receive a notification.
Flexible Cash Advance: 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.
Term Loan: If you have an active term loan through FC Marketplace, LLC, a subsidiary of iBusiness Funding, and have questions regarding additional financing, please contact info@iBusinessFunding.com or (855) 218-8023.
Line of Credit: If you have an active line of credit through Fundbox, your
available credit replenishes as you pay down each draw—no new application needed. Fundbox periodically reviews your account and may increase your credit limit as your business grows. For questions about your line, contact Fundbox at support@fundbox.com or (855) 572-7707.
What are my payment options?
Liberis: Payments are made automatically as a pre-agreed percentage of your daily gross sales proceeds. For questions about payments, please contact Liberis directly at info-us@liberis.com or (470) 582-1130.
FC Marketplace: Payments are made directly to FC Marketplace, LLC, a subsidiary of iBusiness Funding, according to the terms of your respective agreement. For questions about payments, please contact info@iBusinessFunding.com or (855) 218-8023.
Fundbox: For a Line of Credit with Fundbox, you’ll make fixed payments every week or every four weeks for each draw, depending on the terms of your financing. For questions about payments, please contact Fundbox directly at support@fundbox.com or (855) 572-7707.
How are my payments calculated?
For a Line of Credit with Fundbox, each draw has its own fixed fee and repayment term, ranging from 3 to 24 months. Your payment amount and schedule will be based on the terms of each draw.