Get a higher credit limit by connecting your sales channels to Loop.

‍

Fast access to credit is crucial for growing a business. However, traditional banks often rely on personal credit scores when issuing credit, making it difficult to secure the financing you need. At Loop, we understand the importance of getting access to the credit needed to grow your business. That's why we determine your credit limit based on your sales, providing you with the necessary capital to expand your business.

Connecting your sales channels to Loop

Loop evaluates your available credit based on your sales performance, rather than your personal credit score. As your sales grow, your credit limit with Loop also increases. Connecting your e-commerce channels to Loop is a simple process that ensures you can access your full credit limit. To get started, follow these steps:

1. Navigate to Settings > Sales Integrations
2. Select Connect Channel and choose any of the supported channels
3. Log in to your sales channel to verify the connection

By following these three easy steps, Loop can provide you with the maximum credit possible, allowing your business to thrive and expand!

Supported sales channels

With the addition of PayPal, Loop now offers seamless integrations with all major e-commerce platforms, ensuring a wide reach and compatibility. This provides you with more opportunities to capture additional sales. The current list of supported sales channels includes:

• Amazon
• Shopify
• Stripe
• Square
• WooCommerce

By connecting these platforms to Loop, you can consolidate your sales data and unlock greater credit limits, all while streamlining your financial operations.

Grow your business with Loop

Loop's integration with your e-commerce channels offers several benefits for business growth. One significant advantage is avoiding the hassle of visiting a bank branch every time you need a credit increase. With Loop, your sales performance is continuously evaluated, and credit limit increases are automatically issued to support your growing business. Many Loop customers have been approved for up to $50,000 in credit after connecting their sales channels, and this limit continues to grow as you expand your business.

Additionally, once your sales channels are connected, you can set up your Loop USD account. This account allows you to receive US dollar payouts directly into your Loop account, eliminating inflated foreign exchange fees. By optimizing your payout process, you can free up capital to reinvest in your business, further fueling its growth.

Get connected today

By basing credit limits on your sales performance, Loop offers a fair and accessible solution for entrepreneurs seeking financing. If you are interested in getting access to credit with Loop, register and connect your e-commerce channels today! https://app.getloop.ca/register 

‍