EBay and LendingPoint Working Together to Provide Money for Sellers

I’ve got some exciting news to share with you. eBay and LendingPoint are teaming up to offer a great opportunity for sellers like you to get the capital you need.

You’re probably wondering, what does this mean for me? Well, it means that if you’re an eBay seller, you now have the chance to apply for a loan through LendingPoint. This can be a big help if you’re looking to grow your business, purchase new inventory, or invest in other opportunities.

Now, you might be asking yourself, how does this partnership work? It’s simple! When you apply for a loan, LendingPoint will look at your eBay sales history and performance to determine your eligibility. They understand the unique nature of online selling and take that into account when deciding whether to approve your loan.

But wait, there’s more! LendingPoint also offers flexible repayment options, tailored to fit your needs. You can choose the repayment terms that make the most sense for you, whether that be a shorter period with higher monthly payments, or a longer period with lower monthly payments. It’s all about finding what works best for you.

So, let’s recap. eBay and LendingPoint have joined forces to give you the opportunity to secure the capital you need as an eBay seller. With LendingPoint’s understanding of the online selling world and flexible repayment options, this partnership is designed to support your success.

Interested in learning more? Head over to eBay’s website to find out how you can take advantage of this fantastic opportunity. Don’t miss out on the chance to grow your business and achieve your goals. Apply for a loan today!

I’ve got some great news for you – eBay and LendingPoint are teaming up to offer you loans! This exciting partnership will give sellers on eBay in the U.S. the chance to get funding to grow and support their businesses.

The program, called eBay Seller Capital, is powered by the awesome fintech company LendingPoint. It provides access to installment loans for certain sellers. Right now, it’s available to a select group of sellers, but it will soon be open to all eligible sellers.

Get Access to Capital with eBay and LendingPoint

If you’re eligible, you could get a loan of up to $25,000. And the best part? You can access the money within just one business day! Plus, you’ll have the flexibility to choose a repayment plan of up to 48 months. Oh, and here’s some more good news – there are no fees for loan origination or early payback.

Let me tell you about this cool program that two companies came up with. They say it’s a great way for small businesses to get the funding they need. And the best part is, it’s fast, flexible, and transparent! You know what that means? It means you can easily access loans with rates that range from 9.99% to 35.99%. How awesome is that?

So, here’s the deal. These two companies have these installment loans that last anywhere from 12 to 48 months. That’s a lot of time to pay it back, right? And guess what? You can choose the loan option that works best for your budget. Plus, they even have lower repayment plans if you need more time to pay it off.

Now, let me tell you what Alyssa Cutright, the Vice President of Global Payments at eBay, said about this program. She thinks it’s amazing because it will give eBay sellers like you the chance to get the money they need, especially during uncertain economic times. How cool is that?

How Can You Qualify?

To get a loan from eBay Seller Capital, you’ll need three important documents. First, you’ll have to show proof of employment and income. This means you’ll need to provide your most recent bank statements and a voided check. Lastly, you’ll need to provide some form of identification.

When deciding whether to give you a loan, we won’t only look at your credit score. We’ll also consider your job history, income, financial history, and how you’ve handled credit in the past.

If approved, you could receive a loan of anywhere between $2,000 and $25,000. The money can be deposited into your account the very next business day. eBay Seller Capital aims to help businesses get back on their feet after the challenges of the COVID-19 pandemic.

eBay sellers who participate in the LendingPoint program can enjoy fast decisions and access to installment loans. The pilot program for eBay Seller Capital is currently underway, and it will be available to all eligible sellers in the United States later this year.

I’m here to revolutionize and make commerce accessible to everyone, said Tom Burnside, CEO and Co-Founder of LendingPoint. Using the data and technology we’ve developed, we’re excited to help eBay sellers turn their dreams into reality.

With approximately 170 million active users and 25 million sellers, eBay is a massive online marketplace. In fact, last year alone, there were an astonishing 1.3 billion listings on the platform. But eBay isn’t just about selling products – it also provides valuable shop analytics and resources for sellers to ensure their business thrives.

A Partnership for Progress

eBay’s Seller Capital loan is part of a collection of initiatives provided by big companies to help small businesses. Other private sector companies have also launched similar programs in recent months. For example, Facebook has created the Small Business Grant Program, which offers $100 million in grant funds and ad credits to small businesses negatively impacted by the pandemic. Google is supporting small and medium-sized businesses by providing $340 million worth of ad credits. Goldman Sachs has also pledged $550 million in relief funds, with most of the money going towards emergency small business loans. The remaining funds are available as grants to organizations, healthcare providers, and communities.

I wanted to let you know that these support programs, along with the government’s Paycheck Protection Program (PPP), are really important in helping our country recover. The PPP has been a great help by giving loans to almost 5 million small and mid-sized businesses. It has already given out over $521 billion to help these businesses stay open and pay their employees.

Now that restrictions are starting to ease up and people are willing to support businesses again, we’re seeing some positive changes. Just in the month of July, the U.S. economy added 1.8 million new jobs!