I am accountant of the company GK, that using Shopify since business start.
We had first Shopify Capital offer, and we paying out it successfully.
Right now our company had another one offer.
We have 2 questions:
As right now 1st working capital is not fully paid-off, if we will accept 2nd offer and access new credit line, what will be the status of the first credit line?Will we pay 10% of our sales to each credit line existing - means total 20% or total 10% of our sales will be distributed equally as payments towards 1st credit line and 2nd credit line.
Shopify Capital is available only for Account owner - 1 person. any chance that access can be granted to collaborator or another level account access user?
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Diving into your question, If you accepted one of the new offers, you would sign an agreement specific for that offer with its own remittance percentage. You would get the funds right away but only when the oldest Active Capital (51% or greater) is paid off to 100% would the new remittance percentage kick in to pay off the new. Meaning you would only be paying the 10% until your first offer is paid off, then you will continue paying the new remittance percentage for the second amount thereafter. Due to the sensitive nature of the request, only the account owner will have access to viewing, and accepting Capital offers, and can not be opened up to specific staff accounts.