FAQ - (Frequently Asked Questions)
An 8fig Growth Plan supports experienced eCommerce sellers in their quest for growth by providing customized, fast, and flexible funding designed to optimize their cash flow.
Our proven method aligns continuous capital with sellers’ supply chain costs, personalizes their remittance schedule, and enables them to make changes as they go. This better supports eCommerce business operations, allowing sellers to scale without cash flow holding them back.
8fig works with online businesses in the United States or businesses with a US business entity (except dropshipping). We can help you take your operations and growth to the next level if your store has been in operation for at least 6 months, you have an annual revenue of $100,000 or more, and your average monthly revenue is at least $8,000 for the last three months.
Please note: we don’t fund drop shippingÂ
Currently, 8fig supports experienced private label and wholesale sellers on Amazon, Shopify, eBay, BigCommerce, WooCommerce, and Wix. (Please note that the list is dynamic and subject to change.)
In order to build you a personalized Growth Plan, 8fig requires a secure store connection so we can better validate your sales revenue. We use this data exclusively to determine your funding eligibility and design a Growth Plan that suits your needs. 8fig never reveals your data to other parties or utilizes it for any purpose.
Each 8fig client has their own tailor-made remittance plan. You will remit according to a personalized schedule based on the amount of funding in your Growth Plan as well as sales projections. You can request changes to your remittance schedule if sales take off or slow down significantly.
Unlike other financing solutions, 8fig doesn’t set a limit on the amount of funding we provide to eCommerce sellers. You know your business better than us, so we want you to tell us how much funding you need. Then, our team will take a thorough look at the numbers, validate your ambitious goals, and build you a personalized Growth Plan to help you reach your goals.
No, 8fig’s application process does not include a credit check. Our quick and easy application process does not affect your credit score, either. We simply take a look at your business history and sales revenue to determine your eligibility. You will need to connect your store and bank account so we can accurately review this information and build you an optimized funding plan.
8fig’s cost is fixed, so you know how much your plan will cost from the very beginning. Most 8fig sellers remit between $6,000 – $10,000 for every $100,000 included in their Growth Plan.
No, 8fig only works with eCommerce businesses. Our unique funding model, services, and products are built for the unique supply chain and cash flow challenges that online sellers face.