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 Funding Circle 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.

Funding Circle 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 Funding Circle and would like to access additional financing, please contact Funding Circle directly at loanquestions@fundingcircle.com or (866) 679-7966.

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.

Funding Circle: You make payments directly to Funding Circle as per the terms of your respective agreement. For any questions regarding making payments, please contact Funding Circle directly at loanquestions@fundingcircle.com or (866) 679-7966.

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 Funding Circle your payment is calculated based on the loan amount, interest rate or fixed fee, and the term between 12 and 84 months.⁶

eBay is not a lender, does not make credit decisions, and does not offer loans to eBay sellers. eBay Seller Capital partners with third-parties to provide capital loans or cash advances (as applicable) to eligible eBay sellers who qualify. The loans or cash advances (as applicable) are subject to the terms and conditions of the third-party financing provider, and eBay Seller Capital does not guarantee the loan amounts, interest rates, repayment periods, or amounts advances (as applicable). 

eBay Seller Capital is not responsible for and has no control over any actions or omissions of the third-party lender, including but not limited to their ability to fund a loan or cash advance (as applicable) or their decision to approve or deny a loan or funding application. eBay Seller Capital does not provide advice about the suitability or profitability of any loan or finance, and potential borrowers and Business Cash Advance customers should consult their own advisors before applying for financing. All loans and cash advances are subject to credit approval and satisfactory documentation. By applying for finance, you acknowledge and agree to the terms and conditions of the third-party lender, as well as any agreements between the lender or funding provider (as applicable) and eBay Commerce Inc. 

eBay Commerce Inc. holds a conditional Rhode Island loan broker license.

¹In Jan 2024, 81% of approved applications received funding within 2 working days.

²This product is provided by Liberis US Inc, 999 Peachtree St NE Suite 300 Atlanta, GA 30309. (Registered in Delaware No: 7203441). Liberis’ Revenue Based Finance is a form of receivables finance not a loan.

³Amounts advanced are subject to status and our underwriting process before any offer can be made. Liberis pays commissions to its partners for introducing you to Liberis for the Revenue Based Finance Product. Amounts may be subject to change depending on your credit profile at inquiry. Liberis reserves the right to decline applications for affordability concerns, active insolvency, or failure to pass our compliance checks.

⁴Decisions on loan approval usually made by Funding Circle within 24 hours after document submission.

⁵ Loans are made by FC Marketplace, LLC dba Funding Circle and arranged pursuant to Nevada Installment Loan Company License No. IL11154 and IL11155, California Financing License No. 6054785, North Dakota Money Broker License MB 102840, South Dakota Money Lending License MYL.3054, Vermont Commercial Lender License No. 1287979 CLL, and Florida Consumer Company License CF9901099. At this time, loans to borrowers located in California and Nevada are not available. All loan offers and qualifications require credit approval and are subject to change with or without notice. Terms of financing, including applicable fees, are set by Funding Circle as disclosed in and governed by your financing agreement. The terms and conditions in your financing agreement should be carefully reviewed prior to agreeing to an extension of credit.

⁶Rates, terms and maximum loan amount may vary according to the overall creditworthiness of the applicant. To see what your business may qualify for, apply today at no obligation. All loan offers and qualifications require credit approval by Funding Circle and are subject to change with or without notice.

eBay Commerce Inc. holds a conditional Rhode Island loan broker license.

Vermont Residents: THIS IS A LOAN SOLICITATION ONLY. EBAY COMMERCE INC. IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.