ShipBob, a global supply chain and fulfillment platform, has launched ShipBob Capital, a financing program designed to offer ecommerce merchants quick access to funding. The program provides approved businesses with lines of credit up to $250,000 instantly and potentially higher amounts within two business days.
The application process is streamlined, taking approximately five minutes, with no hidden fees or long-term contracts. According to ShipBob CEO and co-founder Dhruv Saxena, the program aims to help merchants navigate cash flow challenges while scaling their businesses.
“I’m glad Shipbob is now offering this service,” said Mauricio Gomory, CEO of Julian Bakery. “We were approved for ShipBob Capital on the same day and the application process was very smooth and quick. We can keep growing our business without having to worry, knowing that we have access to capital as soon as we need it.”
“We were thrilled to be able to get approved to the ShipBob Capital program so quickly in January this year,” said Claudio Storelli, Executive Chairman of Storelli Group. “There are a lot of options out in the market, but we did not find anything that was as affordable or as quick to get approved. We were able to get approved for a 6-figure line of credit in less than 24 hours, which was incredible. To have ShipBob, our partner on the supply chain side, also help us gain financing for inventory purchases, marketing, and more is really a differentiator for us.”
“Running an ecommerce business comes with unique challenges, from acquiring upfront investments and responding to an ever-changing landscape to managing inventory turnover and meeting growing customer demand. With ShipBob Capital, our merchants can access the funding they need to invest in their business and scale, whether that means stocking up on more inventory or launching new products, without worrying about cash flow constraints,” Saxena said. “We want to help enable our merchants to compete and thrive in the fast-evolving world of ecommerce by providing the resources they need to unlock their full potential in the most convenient way possible.”
