This article was provided by Mollie Thick, Marketing Manager for BitBond.

For most eBay sellers, the biggest problem they have to worry about is whether or not their products are selling.

But you have a different problem.

Your eBay business has experienced consistently impressive conversion rates, and you've managed to turn a healthy profit.

You're beyond worrying about the effectiveness of your business strategy. Now, you’re ready to expand.

But expanding your eBay business is easier said than done, especially if you don’t have tons of liquid capital lying around.

Fortunately for you, building a bigger eBay business doesn’t have to be a nightmare - if you have the right tools and information available.

With that in mind, we've put together this article detailing the biggest obstacles you'll encounter, and how to overcome them.

By the time we're done here, you won't just know how to raise funds for your eBay business. You'll have a strong understanding of what it means to properly fund your own expansion.

Ready to get started? So are we.

Let's dive right in by tackling the first (and most important) piece of this puzzle: the current problem with most small business loans.

 

The Problem With Traditional Small Business Loans

For the sake of simplicity, we'll be putting small business loans in two categories: traditional loans and intuitive loans.

We'll discuss intuitive loans a bit later on, but for now, we'll just be focusing on traditional loans for your average lender. There are a few major issues that you’ll have to deal with if you’re looking for a typical lender to fund your eBay business expansion.

For starters, let's talk about the speed factor.

Being the talented eBay seller you are, I don't need to tell you how important speed is when it comes to managing your business.

Your ability to make important decisions quickly and efficiently is something your business relies on, and it's likely one of the reasons you fell in love with eBay as a platform.

The amount of freedom you're given, and the flexibility that comes with it, are essential to the continued success of your business.

Anything that threatened that would be an inconvenience at best and a liability at worst.

And that's the problem with typical small business loans. Even under ideal circumstances, your funds can take weeks to become available.

But that's just the tip of the iceberg. Typical lenders qualify your business the same way they would qualify you as an individual.

In fact, one of the reasons that small business owners struggle with getting loans is because of this outdated credit check system that traditional lenders use. Keep in mind, they're typically performing a hard check.

That's why these loans are usually only available to a small number of people. And let's not even get into the numerous hidden fees you'll have to deal with. Or the repeat visits to their offices because they insist on doing everything "face-to-face".

There's no getting around it: as an eBay business owner looking to expand their business, you're going to be in for a bad time with traditional lenders.

There's a small chance they'll say yes. If they reject you, it was likely because of something that had nothing to do with your actual business. Getting your actual funds can take weeks, and once you have them, you can expect a variety of hidden fees to pop up.

Not a particularly exciting deal, is it?

 

Understanding Bitbond and Instant Online Business Loans

Enter the world of intuitive loans. Where traditional lenders are inflexible and unreasonable, these instant online business loans have been built to innovate the way small business loans are handled.

More specifically, companies like Bitbond are much more interested in helping you make the most out of your business.

How do you know if you're eligible for funding from a company like Bitbond? Well, there are a few bare minimums to keep in mind.

  1. Your business has been in operation for at least 1 year or longer
  2. You're looking to repay your loan in 3-12 months
  3. You're looking for up to $25,000 in funding

Instant online business loans are exactly that: instant.

Instead of having to visit an office multiple times, you can complete your application for a Bitbond small business loan in as little as 10 minutes.

Yes, you read that correctly.

But the perks don’t stop there. When you work with Bitbond, you have access to international funding. In other words, you can get your small business loan anywhere in the world.

Still not convinced? Well, here's something that might change your mind - Bitbond actually offers truly instant funding to prime borrowers. You'll receive the funds in your bank account after one business day.

That's right: with Bitbond, you're one day away from the business growth you deserve.

Plus, you can rest assured knowing that you're in good hands, with Bitbond being Germany's first BaFin regulated blockchain company.

Bitbond doesn't bother with outdated credit checks. They qualify your business accounts using your sales history.

See what we mean? Intuitive. It just makes sense.

You can stop worrying about hidden fees cutting into your eBay business profits. Bitbond online business loans apply a single, simple fee. More importantly, that fee only applies once you're funded.

Bitbond cares just as much about transparency as it does about efficiency. You'll be provided with a full repayment schedule before you officially publish your loan. You'll know exactly how much your loan will cost, and when those payments are due.

With over 3,000 satisfied business owners in over 120 countries, is it any surprise that more and more eBay sellers are looking to companies like Bitbond to help expand their businesses?

 

Conclusion

Listen, we get it. Expanding your eBay business is a massive step, and something that you'll want to consider carefully before doing.

But if you're going to take the plunge into the world of small business loans and expand your eBay empire, instant online business lenders offer you some fantastic perks and tools.

Instead of waiting around for your funds, you can get them within a business day. You don't have to worry about some tedious credit check when your sales history speaks for itself.

You'll have access to worldwide coverage, no matter where you’d like to base your eBay business out of.

You can focus on a single, straightforward fee instead of worrying about hidden fees. And you can apply online, in just under 10 minutes.

Get the funding your business deserves without compromising the integrity of your eBay business in the process.

 

Want tips + tricks?
Join the Newsletter

Get started for free today!

Try it free

Join the 200,000+
using inkFrog!