Anyone else experiencing recent delays with receiving new offers from Shopify Capital?
We’ve done 9 loans through Shopify Capital and it has absolutely helped our business grow. Our loan offers are now in the 6 figure range. Recently we had a loan offer displayed but prior to accepting we wanted to pay off our existing loan. About 6 weeks ago that loan offer disappeared and we are just shy of 30 days since our last loan has been paid off–n new offers.
Our concern…that perhaps we are no longer eligible All of our other Shopify loan offers came back to back without delay.
Has anyone else noticed recent similar delays with Shopify Capital?
A bird in the hand is worth 100 in the bush. A bird in the bush is worth nothing. lol You can use this saying for Shopify Capital.
Happy to hear that shopify capital has worked well for you so far, and I was considering that as well. I went through one round of 38k and almost paid it. So now going to be second round if I decide to get it. But heard some horror stories on shopify capital which scared the hell out of me. As for as Loan amount appearing and disappearing on my account, Yes, it has appeared in my account and disappeared from my account. First it said pay 50% for eligibility and then said 85% after that, it was just playing tricks. Then one day even before I paid 85%, it said $19000 available now. Then a week later it said $22000 available now and the button was ready to click, but I didn’t click it, and a week later it disappeared into thin air. That was it. lol
It has been playing games with me and vice versa. It’s just funny to be honest. But read the below and think twice whether you want to go that route now!
But check this out:
https://community.shopify.com/topic/624716
Thanks for the reply. I too read that link you provided and our experience has been nothing like those…but we knew what we were getting into before doing the deal. Our loans were also paid off early. For our store, the Shopify Capital loans were extremely helpful and helped us grow. I highly recommend it to most.
Our only frustration has been our 9 previous loans were back to back. Our last loan offer disappeared about 6 weeks ago and we haven’t received any new offers since. Just which we had a way of finding out if the lack of new offers is because of a delay with Shopify Capital for all stores or some issue specifically with our store.
so did you completely paid off the loan now? How much % have you paid so far? I have paid 84% and nothing has appeared back yet.
We had a large offer from them in October. We let it expire and planned on getting another loan after our last one was paid off. In mid-October that offer disappeared. We paid off our last loan on 11/8 and haven’t heard back from them sense.
It is always good to know these things so that some one else may know they are not alone in the same situation. The frustrating thing is they should have a standard system to evaluate who qualifies and who doesn’t and we should be able to reach them based on that. They act like ghost. Without any explanation or a standard system the capital amounts appear and disappear. almost like a mind game. I mean you won’t even be able to call someone and talk about where you stand on loan qualification. Oh well, it is what it is. The takeaway is … don’t on their money.
mine is showing up now. saying money is available immediately.