Shopify Capital has advanced more than $750m in loans since its launch in 2016. The new starter loan does not require a credit check or a personal guarantee.
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Shopify's new lending product is a $200 starter loan available to millions of online merchants
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“Most entrepreneurs don’t have a five year plan and have terrible credit scores,” said Nejatian. “It limits the pool of enterprises starting businesses.” The starter loan aims to overcome that.
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