Unlock Your Walmart Fulfillment Dreams with these Loans!
The e-commerce industry has taken off in recent years and is now a dominant player in the competition for providing goods to consumers. Due to increased digital technology, and a general inclination for shoppers to stay at home, e-commerce is doing better than ever. Small business resellers are poised to do very well on e-commerce sites like Amazon. However, as the competition takes off, other e-commerce services, such as Walmart’s Fulfillment Services, compete with Amazon for consumer attention.
Individuals who sell goods through Amazon or other e-commerce sites can use business loans to finance their inventory ahead of sales. While Amazon is the dominant e-commerce business, resellers can see similar growth through Walmart. In fact, the same loans you would use for Amazon are just as capable through the Walmart marketplace.
This article will cover Walmart Fulfillment Services, how you can use business loans to build your business through Walmart, and the best loan options.
What are Walmart Fulfillment Services?
Walmart Fulfillment Services (WFS) is an e-commerce marketplace offered by Walmart. Currently, it is the biggest direct competitor with the Amazon lending program, which provides similar services. In both places, small businesses can sell inventory and build their business by taking advantage of consumers’ increased reliance on purchasing goods online.
The main limitations of Walmart Fulfillment Services are that you can only sell items that are present at Walmart .com, and items cannot be shipped internationally. In most aspects, it is the same program that Amazon offers.
However, a significant difference between WFS and Amazon lending is that Amazon provides business loans for their marketplace. These loans offer additional liquidity to businesses that sell through Amazon.
Can I use Amazon Business Loans for Walmart E-Commerce?
While Amazon and Walmart both feature very similar e-commerce marketplaces, you cannot use loans from Amazon for any purchases outside of Amazon. Because Amazon and Walmart are direct competitors, they won’t even allow gift cards to exchange value between either business.
However, savvy business owners can still use business loans from third-party lenders for inventory purchases on either platform. For instance, if you opt for inventory financing through BitX funding, which finances your current inventory on any marketplace, you can use those funds towards either business.
In other words, you can use generic loans that you’re already using for Walmart’s e-commerce. For this reason, it’s generally better to get loans from an independent lender rather than Amazon or Walmart directly.
What are the Best Walmart Fulfillment Service Loans?
The best business loans for Walmart fulfillment services are those that directly impact or finance your inventory. Because of the fluid nature of e-commerce, most traditional overhead costs associated with brick-and-mortar businesses are non-existent. The most significant expenses are purchasing and storing inventory to sell online later.
However, if your business has more costs to account for than just inventory, short-term business loans are an excellent option to fund your business. These loans put a premium on flexibility so you can cover all your bases online and in-store. The best part about these loans is you can use them towards Walmart, Amazon, or any e-commerce marketplace.
If you’re concerned about your time in business or credit score, contact BitX today to set up a consultation. We work with you every step of the way to partner you with appropriate lenders and get you the funds you need.
Short-Term Business Loans for Walmart
- 6% Lowest APR
- 3-24 Month Term
- $5k-$500k in Financing
Short-term business loans put a premium on flexibility for your business. With a small influx of cash at the right time, you can get through slow seasons or prepare for busy seasons. In fact, one of the best applications for short-term business loans for Walmart Fulfillment Services is to apply for one right before the holiday season. With some extra funds, you can purchase additional inventory ahead of sales and make a small fortune during the holidays.
Further, these loans are excellent for covering all your bases, such as overhead costs, bills, and purchasing new inventory. Because of this flexibility, these are the best option if you require extra funds. Determine the amount you require, and we’ll help pair you with lenders with the most reasonable rates.
Short-term loans have the following requirements:
- At least one year in business
- 500+ credit score
- At least 100k in annual revenue
The better your credit score and time in business, the better the terms you can apply for. However, we have options for all companies meeting the minimum requirements.
Walmart Inventory Financing
- 8-15% APR
- Revolving Terms
- Up to $10 mil in Financing
Where short-term loans offer you flexibility, inventory financing puts a premium on specificity. Inventory financing is the best funding option for e-commerce businesses focusing on moving products quickly. Inventory financing is a robust option if you need to purchase and sell large amounts of equipment for your Walmart Fulfillment Services shop.
Financing works by first assessing the value of your current inventory and assigning a liquid value to it. Lenders then provide a revolving line of credit (LOC) at about 80% of the liquid value of the inventory. You can elect to draw funds or save the LOC when needed. You only pay back funds that you draw from the line.
Inventory financing is excellent for quick funding without applying for a direct business loan. The entire LOC is collateralized, allowing lenders to offer favorable terms compared to other financing options. The best part is that if you have an Amazon e-commerce shop, you can use this loan the same way to assign value and receive almost instant funds. Where other lenders will cap their funds at $1 million, BitX can offer up to $10 million in funding.
When applying for inventory financing, keep in mind the following minimum requirements:
- 2+ years in business
- 650+ Credit Score
- $500k in annual revenue
Get Business Loans for Your E-commerce Story Today!
In the world of e-commerce, where Amazon FBA used to reign supreme, Walmart marketplace sellers have emerged as strong competitors with their Walmart Fulfillment Services (WFS). As a result, e-commerce sellers now have more opportunities to succeed in online selling.
However, one of the biggest obstacles facing small businesses in this industry is the lack of available business loans, especially for Walmart and other e-commerce marketplaces. These businesses require financing to expand their supply chains and purchase new inventory.
Fortunately, BitX Funding offers a variety of financing options with flexible loan terms to ensure that you are always prepared for any situation. We can connect you with reliable lenders who provide short-term loans, inventory financing, and personal loans with excellent credit reporting and customer service.
Our loans come with competitive rates, monthly payments, and low origination fees. Plus, we can provide financing for various needs, including storage fees, home improvements, and business day-to-day operations.
So, if you’re an e-commerce seller looking to expand your business, consider BitX Funding for your financing needs. We’re committed to helping you achieve your goals and succeed in the competitive world of e-commerce.
For more information on small business loans of all kinds, contact BitX Funding by phone, email, or fill out the form below.