Loop Updates: Multi-User Access Is Here!

Interestingly, it’s been said that if your cost of capital is even 9%, but an e-commerce business owner knows their return on investment (ROI) could be 25-30%, the likelihood of achieving this goal all boils down to strategically planning finances. In short: you need money to make more money, and partnering with Get Loop is the shortcut to making your long-term goals for your business a reality.

As you weigh and measure the inventory financing solutions we've explored in this article, it will behoove you to pinpoint the types of service(s) you prioritize most in a financial partner. Examples include costs and fees, repayment plans, additional products and services, expertise and professional guidance, or the type of white-glove service that Loop provides.

"[As a start-up], it's tough to get funding from a bank," says Ricky Walton, president and founder of My Custom Sports Chair. "For us...we get volume discounts on inventory, so we're always looking to get cash up front. We ended up with Loop, and it's been fantastic. We got a solid line of credit...and it's organically helped us grow our online sales substantially. This year alone, we're up 389% on Shopify...it just goes to show how much Loop has helped us out this year."