Shopify is a Canadian multinational e-commerce company. The company also offers loans to businesses. The company website is They are headquartered in Ottawa, Canada and can be reached at 844-922-2555.

Shopify Business Loans Pros and Cons

On July 21, 2023 a review on Shopify Business Loans was conducted by According to this review Shopify offers quick funding and flexible payments on their business loans. On the other hand, Shopify Business loans have limited availability, may be very expensive, and require daily payments. There have also been complaints about the lack of transparency by Shopify. Information from this review was taken on August 21, 2023.

Shopify Business Loans Cost 

According to, another site that reviewed Shopify Business Loans, Shopify does not charge a standard interest. Instead, they charge a set borrowing fee called a factor rate. The factor rate is either 1.1 or 1.13. The rate you receive depends on your borrowing amount and the strength of your business. Information from this review was obtained on August 21. 2023. 

BBB: Shopify Business Loans Review

The Better Business Bureau is a nonprofit organization that collects and provides free business reviews to consumers and businesses in the US and Canada. You can visit the Better Business Bureau website to view the full Shopify Business Loan review. As of August 21, 2023, Shopify is not rated on the BBB website and has no customer reviews.

In Need Of Business Debt Relief?

Exploring a number of options ensures that the financial assessment of your business’s situation is accurate and comprehensive. CuraDebt Business has been helping small businesses for over 22 years nationwide and is one of the oldest and most experienced in the debt relief industry. As of May 2023 CuraDebt Business received a score of 5 out of 5 on CustomerLobby for a total of 1179 customer views. CuraDebt Business is an Accredited Member of the American Fair Credit Council. Contact us toll free today for a free consultation. 1-877-504-0981. Not only do we handle business debt relief, we also offer personal debt relief and tax debt relief.

At risk of defaulting or currently defaulting on your Merchant Cash Advance Loan? Contact us today to find out how we can help.

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