While traditional banks often require scores of 700 or higher, alternative lenders like Crestmont Capital are more flexible. We focus more on your business's revenue and cash flow. Sellers with credit scores as low as 550 may still qualify if their shop has strong and consistent sales.

The process is designed for speed. After submitting a simple online application and the necessary documents (like bank statements), you can receive a decision in just a few hours. Once approved and the contract is signed, funds can be in your business bank account in as little as 24 hours.

The documentation is minimal compared to traditional loans. Typically, you will need your last 3-6 months of business bank statements, a valid photo ID, and sometimes your Etsy sales reports to verify revenue. The entire process can usually be completed online.

Most working capital loans and lines of credit for Etsy sellers are unsecured, meaning they do not require specific physical collateral like property. The loan is primarily based on your business's cash flow. The exception is equipment financing, where the equipment being purchased serves as the collateral for that specific loan.

Submitting an initial application with Crestmont Capital will not affect your credit score. We use a "soft pull" to pre-qualify you, which is not visible to other lenders. A "hard pull" is typically only performed later in the process if you decide to move forward with a specific loan offer.

Most lenders require a minimum of six months in business to see a consistent revenue history. If your shop is brand new, it may be difficult to secure a loan. We recommend focusing on building your sales for at least two quarters before applying for financing.

Etsy may partner with third-party lenders to offer financing options directly through the seller dashboard. A direct lender like Crestmont Capital provides financing independently of the Etsy platform. Working with a direct lender often gives you more options, potentially better terms, and a dedicated point of contact for your financial needs beyond just your Etsy shop.

Loan amounts are typically based on your average monthly revenue. A general rule of thumb is that you can qualify for an amount equal to 1-2 times your monthly sales. For example, a shop earning $20,000 per month could potentially qualify for a loan between $20,000 and $40,000.

No. Business loans are strictly for business purposes. Using the funds for personal expenses like a vacation or home renovation is a violation of the loan agreement. Funds should be used for legitimate business needs such as inventory, marketing, equipment, or payroll.

Repayment terms vary by the type of loan. Short-term working capital loans typically have terms from 6 to 24 months with daily or weekly payments. Equipment financing can have longer terms, from 2 to 5 years, with monthly payments. We work with you to find a repayment schedule that fits your business's cash flow.

Many of our financing products allow for early repayment. Some may even offer a discount for paying the loan off ahead of schedule. It's important to review your specific loan agreement, as prepayment terms can vary. We are transparent about any potential prepayment policies upfront.

We understand that e-commerce can have its ups and downs. While we look for overall consistency, we can often work with businesses that have some sales volatility, especially if it follows a predictable seasonal pattern. A business line of credit can be an excellent tool for managing this type of inconsistent cash flow.

No, a formal business plan is not required. Our underwriting process is based on your actual business performance data, such as your bank statements and sales history, rather than projections. We believe your track record is the best indicator of your future success.

Yes, it's often possible. Once you have established a good payment history (typically after paying down 50% of your initial loan), you may be eligible for a renewal or an additional round of funding. We aim to be a long-term financial partner as your business grows and your capital needs evolve.

It's important that your business structure is clear. We provide funding to the legal business entity. If you have an LLC, you should have a business bank account in the LLC's name where your Etsy deposits are made. If you operate as a sole proprietor, the loan would be in your name, and you'd use a business or personal bank account that is primarily used for the business.