eCommerce Funding
- Apply in minutes
- Applying won’t affect your credit score
- Free, no obligation quote
from 6.90%
Interest rates per annum
£100,000 +
UK Based
No early settlement fees
£5k - £500k
Funding requirement
Our lending partners
About eCommerce Funding
Understanding how eCommerce funding works
Unsecured Business Loans
Unsecured business loans do not necessitate collateral, but they may have elevated interest rates compared to secured loans as a result. They can be advantageous for businesses that lack valuable assets to offer as collateral against the loan. This form of financing can be utilised for various business purposes, such as increasing the marketing efforts of your business or making investments in operational upgrades. Typically, loan amounts of £1,000 to £500,000 can be obtained over a period of six years.
Revolving Credit Facility
Revolving credit facilities offer access to a credit line that can be used as and when it is required, similar to an overdraft. This form of financing can be beneficial for eCommerce businesses with continuing expenses or those that require a safety net. Typically, loan amounts range from £10,000 to £2 million and can be borrowed over a period of two years. The available credit line reduces as more is borrowed, but as soon as the borrowed amount is paid off, the original amount becomes available again.
Recovery Loans
Recovery loans are a borrowing option that can assist eCommerce companies overcome financial difficulties. This type of funding is ideal for businesses that have experienced financial setbacks. Typically, loan amounts ranging from £25,000 to £2 million can be borrowed over a six-year period.
Merchant Cash Advance
Merchant cash advances are a type of funding option for eCommerce businesses that need quick access to cash. Instead of a traditional loan, a lender provides upfront cash in exchange for a percentage of future credit and debit card sales. This type of financing can be useful for businesses that experience fluctuations in revenue, such as those with seasonal sales. Merchant cash advances are typically repaid through daily or weekly automatic deductions from the business’s credit card sales until the advance and fees are paid off. The more you sell, the more you pay back and the quicker the loan is paid off.
How can funding help eCommerce businesses grow?
Acquiring finance or credit can be intimidating, especially when the sum is substantial; however, there are instances where taking risks can lead to substantial gains. There are multiple ways that utilising external finance can help your business grow and thrive, including:
Upgrading Systems: Upgrading your eCommerce systems can help you better manage orders, inventory, and customer data. With funding, you can invest in new software, hardware, and website infrastructure to improve your business’s efficiency and productivity.
Buying More Stock: If you want to increase your sales, you will need to invest in more stock. With funding, you can purchase the inventory you need to keep up with demand and expand your product offerings.
Investing in Marketing: Marketing is essential for eCommerce businesses, but it can be expensive. With external eCommerce funding, you can invest in marketing campaigns that will help you reach new customers and grow your sales.
Investing in New Products: Developing and launching new products can help your business stand out from the competition and attract new customers. With the right level of funding, you can invest in product development and launch new products that will help your business grow.
Expanding Your Business Premises: If you’re running out of space to store inventory or fulfil orders, you will need to expand your business premises to keep up with demand. With appropriate eCommerce funding, you can invest in a larger warehouse or office space that can accommodate your growing business.
Whatever you need funding for, Aurora Capital can help you find the right solution for your business and your future goals.
When it comes to financing an eCommerce business, there are several options to consider. Each funding solution has its pros and cons, and choosing the right one depends on your business needs and financial situation.
Merchant cash advances are a form of financing that allows you to borrow against your future credit card/debit and online sales. This type of funding is not the cheapest form of borrowing money, but it’s an excellent option for eCommerce businesses that are looking for a slightly more flexible repayment method.
Revolving credit facilities are lines of credit that allow you to borrow funds as needed. This type of financing can be an excellent option for eCommerce businesses that have fluctuating cash flow and need access to funds on an ongoing basis throughout the year.
Secured and unsecured business loans are also popular funding solutions for eCommerce businesses. Secured loans require collateral, such as property, while unsecured loans do not. The terms and interest rates for these loans vary depending on your business credit score, revenue, and other factors, but both can be used for any business purpose, making them among the most flexible lines of credit available.
Ultimately, the best funding solution for your eCommerce business will depend on your unique needs and financial situation. Aurora Capital can help you explore your options and find the right funding solution to grow your eCommerce business.
Unsecured business loans | Merchant cash advances |
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Unsecured loans do not require collateral, but may have higher interest rates and shorter repayment terms as a consequence. These loans are based on the borrower’s creditworthiness, revenue and other factors. Unsecured loans are often used for smaller amounts of funding or to cover short-term expenses for businesses that don’t have any collateral to use.
On the other hand, merchant cash advances – also known as PDQ cash advances or business cash advances – are a fast and easy alternative that secure lending using your card terminal. Repayments are taken from the transactions processed through a card machine according to a pre-agreed percentage.
Both unsecured loans and merchant cash advances can be used for a variety of business purposes, such as purchasing inventory, expanding your business, hiring new employees, or improving technology and infrastructure.
Before you jump into making a finance application, there are a few important things for you to consider.
Firstly, it’s important to assess your current financial situation. This includes evaluating your cash flow, revenue and expenses to determine if you have the ability to take on additional debt. You should also consider your credit score, as this can impact your eligibility for funding and the terms of your loan.
Next, it’s important to understand the different types of funding available. Traditional bank loans may have lower interest rates, but can be more difficult to obtain. Alternative lenders, such as online lenders or peer-to-peer platforms, may offer more flexible options but can come with higher interest rates and fees.
It’s also important to have a clear plan for how you will use the funds. This includes outlining your business goals and how the funding will help you achieve them. You should also have a plan in place for how you will repay the loan.
Finally, it’s important to shop around and compare different lenders and loan options. This will help you find the best terms and rates for your specific needs.
At Aurora Capital, we understand the unique needs of eCommerce businesses and can help you navigate the funding process. Contact us today to learn more about how we can help you grow your business.
Before lending to you, there are a few standard criteria lenders look at before making a funding decision. They include:
- Credit Score: Your credit score is one of the most important factors lenders consider when evaluating your loan application. A good credit score indicates that you have a history of responsible borrowing and are likely to repay your loan on time.
- Affordability: Firstly, lenders want evidence that your business can afford a loan. Each lender has a slightly different method of running this test, however below are a few pointers to think about;
- Cash availability – Lenders will evaluate your last 3-6 months bank statements and look at your average daily cash balance to see if the estimated monthly payment is affordable.
- Profit/EBITDA – Lenders will be looking to see if your business is profitable and will likely lend up to 5x the EBITDA figure for the most recent year. If you are not yet profitable, we do still have some other lenders that lend against turnover.
- Balance Sheet – Lenders will be looking to see that you have a healthy balance sheet and one quick test you can run is to look and see if your balance sheet is solvent or not. Being solvent means that you own more assets than you owe in liabilities.
- Cash Flow: Lenders will also consider your cash flow, which is the amount of money coming in and going out of your business each month. A positive cash flow indicates that your business is profitable and that you are able to repay the loan.
- Collateral: Depending on the type of loan you are applying for, lenders may require collateral. Collateral is an asset that you pledge as security for the loan. This could be property, equipment or inventory.
The criteria varies from lender to lender, and there are lenders that work with businesses with negative credit histories, so don’t be immediately put off if you don’t tick all the standard boxes right away.
When it comes to financing an eCommerce business, there are several options to consider. Each funding solution has its pros and cons, and choosing the right one depends on your business needs and financial situation.
Merchant cash advances are a form of financing that allows you to borrow against your future credit card/debit and online sales. This type of funding is not the cheapest form of borrowing money, but it’s an excellent option for eCommerce businesses that are looking for a slightly more flexible repayment method.
Revolving credit facilities are lines of credit that allow you to borrow funds as needed. This type of financing can be an excellent option for eCommerce businesses that have fluctuating cash flow and need access to funds on an ongoing basis throughout the year.
Secured and unsecured business loans are also popular funding solutions for eCommerce businesses. Secured loans require collateral, such as property, while unsecured loans do not. The terms and interest rates for these loans vary depending on your business credit score, revenue, and other factors, but both can be used for any business purpose, making them among the most flexible lines of credit available.
Ultimately, the best funding solution for your eCommerce business will depend on your unique needs and financial situation. Aurora Capital can help you explore your options and find the right funding solution to grow your eCommerce business.
Unsecured business loans | Merchant cash advances |
|
|
Unsecured loans do not require collateral, but may have higher interest rates and shorter repayment terms as a consequence. These loans are based on the borrower’s creditworthiness, revenue and other factors. Unsecured loans are often used for smaller amounts of funding or to cover short-term expenses for businesses that don’t have any collateral to use.
On the other hand, merchant cash advances – also known as PDQ cash advances or business cash advances – are a fast and easy alternative that secure lending using your card terminal. Repayments are taken from the transactions processed through a card machine according to a pre-agreed percentage.
Both unsecured loans and merchant cash advances can be used for a variety of business purposes, such as purchasing inventory, expanding your business, hiring new employees, or improving technology and infrastructure.
Before you jump into making a finance application, there are a few important things for you to consider.
Firstly, it’s important to assess your current financial situation. This includes evaluating your cash flow, revenue and expenses to determine if you have the ability to take on additional debt. You should also consider your credit score, as this can impact your eligibility for funding and the terms of your loan.
Next, it’s important to understand the different types of funding available. Traditional bank loans may have lower interest rates, but can be more difficult to obtain. Alternative lenders, such as online lenders or peer-to-peer platforms, may offer more flexible options but can come with higher interest rates and fees.
It’s also important to have a clear plan for how you will use the funds. This includes outlining your business goals and how the funding will help you achieve them. You should also have a plan in place for how you will repay the loan.
Finally, it’s important to shop around and compare different lenders and loan options. This will help you find the best terms and rates for your specific needs.
At Aurora Capital, we understand the unique needs of eCommerce businesses and can help you navigate the funding process. Contact us today to learn more about how we can help you grow your business.
Before lending to you, there are a few standard criteria lenders look at before making a funding decision. They include:
- Credit Score: Your credit score is one of the most important factors lenders consider when evaluating your loan application. A good credit score indicates that you have a history of responsible borrowing and are likely to repay your loan on time.
- Affordability: Firstly, lenders want evidence that your business can afford a loan. Each lender has a slightly different method of running this test, however below are a few pointers to think about;
- Cash availability – Lenders will evaluate your last 3-6 months bank statements and look at your average daily cash balance to see if the estimated monthly payment is affordable.
- Profit/EBITDA – Lenders will be looking to see if your business is profitable and will likely lend up to 5x the EBITDA figure for the most recent year. If you are not yet profitable, we do still have some other lenders that lend against turnover.
- Balance Sheet – Lenders will be looking to see that you have a healthy balance sheet and one quick test you can run is to look and see if your balance sheet is solvent or not. Being solvent means that you own more assets than you owe in liabilities.
- Cash Flow: Lenders will also consider your cash flow, which is the amount of money coming in and going out of your business each month. A positive cash flow indicates that your business is profitable and that you are able to repay the loan.
- Collateral: Depending on the type of loan you are applying for, lenders may require collateral. Collateral is an asset that you pledge as security for the loan. This could be property, equipment or inventory.
The criteria varies from lender to lender, and there are lenders that work with businesses with negative credit histories, so don’t be immediately put off if you don’t tick all the standard boxes right away.
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obligation quote Today!
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Securing business funding:
How it works
We understand that timing is key when you’re looking to find funding options for your business,so our process is as quick and as streamlined as possible.
1
Apply Online in minutes
We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.
2
Get Matched in hours
Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.
3
Get Funded in days
One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.
Prefer to talk? Call us on 01371 870815
4.9/5 based on 100+ by happy customers
Navigate our range of business
funding options to find out more
We understand that timing is key when you’re looking to find funding options for your business, so our process is as quick and as streamlined as possible.
Apply for a recovery loan to help your business employ staff
A government backed loan to support businesses affected by the pandemic.
Looking to obtain an unsecured loan for your business?
Business loans up to £500k, without the need to secure on property or assets.
Apply for a secured business loan today and get matched with a lender…
Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.
It takes minutes to apply, there’s no effect on your credit score.
Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.
Compare merchant cash advances to help your business purchase stock.
Borrow up to 2x your monthly card sales and repay through a small % of your future takings.
Compare revolving credit facilities to help your business grow.
A pre agreed credit facility, allowing you to dip in and out for future funding requirements.
Spread the payments of your PAYE, VAT or Corp Tax bills.
VAT/TAX loans up to £500k for PAYE payments, quarterly VAT payments or annual Corporation tax payments
Prefer to talk? Call us on 01371 870815
4.9/5 based on 100+ by happy customers
Key benefits of working with
Aurora Capital
LendTech Technology - Access to 50+ Lenders
At Aurora Capital, we use LendTech technology which gives us access to a vast network of over 50 commercial lenders in the market. Our extensive pool of lenders ensures that we can match you with the most appropriate lender for your specific requirements, who will provide competitive terms and reasonable loan options.
Apply Online in Minutes & Get Funding in Days
We understand that businesses often need funding quickly. For this reason, we offer a fast, simplified service. Once you’ve chosen the appropriate loan for your needs, you can apply online through Aurora Capital, which only takes a few minutes. Our team will then match you with a lender and acquire the necessary funds, often in just a few days.
No Effect on Your Credit Score
Conventional loan and credit applications can damage your credit score, but with Aurora Capital, this isn’t the case. Whether your application is successful or declined, your credit score remains unaffected. This is especially advantageous for newly established businesses trying to establish a credit score, or those with a negative credit history.
LendTech Technology - Access to 50+ Lenders
At Aurora Capital, we use LendTech technology which gives us access to a vast network of over 50 commercial lenders in the market. Our extensive pool of lenders ensures that we can match you with the most appropriate lender for your specific requirements, who will provide competitive terms and reasonable loan options.
Apply Online in Minutes & Get Funding in Days
We understand that businesses often need funding quickly. For this reason, we offer a fast, simplified service. Once you’ve chosen the appropriate loan for your needs, you can apply online through Aurora Capital, which only takes a few minutes. Our team will then match you with a lender and acquire the necessary funds, often in just a few days.
No Effect on Your Credit Score
Conventional loan and credit applications can damage your credit score, but with Aurora Capital, this isn’t the case. Whether your application is successful or declined, your credit score remains unaffected. This is especially advantageous for newly established businesses trying to establish a credit score, or those with a negative credit history.
100+ Happy Customers & Counting
eCommerce funding : FAQs
Running an eCommerce business can be a challenging venture, particularly when it comes to managing your cash flow. While you may have a great product and a steady stream of customers, unexpected expenses can quickly deplete your cash reserves, leaving you with limited resources to grow your business. This is where external eCommerce funding can be a game-changer.
At Aurora Capital, we specialise in helping UK-based eCommerce businesses access the funding they need to achieve their goals. Whether you need to purchase inventory, invest in marketing or expand your team, we can connect you with a range of financing options that are tailored to your needs.
At Aurora Capital, we work with a range of lenders to provide you with competitive rates and flexible terms, so you can access the eCommerce funding you need in just days. Our application process is fast and easy and doesn’t have an impact on your credit score. In addition, a number of our lending partners work with companies with adverse or little to no credit history, allowing us to find solutions for most businesses.
If your application is unsuccessful, we can work with you to develop a plan to improve your chance of success, ensuring you have the information you need to make informed business and financial decisions.