Trending...
- Spokane: Flags Lowered for Peace Officers Memorial Day
- The Simplest Small Business You're Probably Not Thinking About
- All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide
Innovative funding model saves businesses 50% versus the competition
AUSTIN, Texas - Washingtoner -- Onramp Funds, a unique software company built to solve the challenges of eCommerce merchants, turns traditional lending on its head, offering customers cash based on their product sales versus credit history. With no minimum payments, late fees, or monthly bills, eCommerce business owners can focus on building their business instead of worrying about cash flow.
"Onramp consists of a team with a wealth of eCommerce experience and a track record of success in building companies, strong investor team and balance sheet, and a go-to-market strategy and value propositions unique in the space, " says Eric Youngstrom, founder and CEO at Onramp Funds. "We know the delicate dance of balancing cash flow, inventory to meet demand, and growing a business. With no other viable options that support specialized eCommerce businesses needs, we developed a solution that is completely aligned with what these small businesses require to be successful."
Typically, eCommerce business owners seek traditional financing products, such as bank loans and lines of credit or credit cards. These all come with extensive paperwork, an approval process that can take up to 60 days, high interest rates, and monthly minimums. eCommerce businesses need cash quickly and can quickly go into debt or fail to meet customer demand if their sales aren't consistent, and they don't have cash to purchase more inventory. All of their cash is tied up in inventory, making it nearly impossible to spend on marketing, operations, headcount and other essential growth initiatives.
More on Washingtoner
With Onramp Funds, customers connect their online store in seconds via Onramp's read-only API and are prequalified in minutes. Once they connect their bank, they can have cash deposited within a day. Qualified customers request a cash amount from Onramp, and Onramp directly makes deposits into their bank account.
Onramp Funds doesn't send a bill or request a minimum monthly payment. Instead, Onramp receives a small fee of gross sales, when the customer sells products and gets paid. This no-hassle, no-worry funding option is much more suitable for the erratic eCommerce market and saves businesses, on average, 50 percent versus banks, credit cards and lending tools.
"We are committed to aligning our success with that of our customers, learning and adapting as we go," says Youngstrom. "Our number one goal is to solve the challenges of eCommerce businesses, making it easier for merchants to build and scale their businesses without the limitations and shackles of traditional lending products. Just like our customers and unlike traditional lenders, we have skin in the game, supporting their goals and rooting for them to succeed."
More on Washingtoner
About Onramp Funds
Onramp Funds' innovative financing platform is purpose-built for eCommerce entrepreneurs. Our leadership team includes highly successful entrepreneurs behind ShippingEasy and CSIdentity and growth leadership with ShipStation, Shipworks, and Stamps.com. We understand the unique challenges eCommerce merchants face. The team brings 40 years of experience empowering small eCommerce businesses, bringing a dedication to delivering the cash SMBs need, when they need it, to grow and scale their businesses. No other financial product aligns as closely with the requirements and sales cycles of the eCommerce industry. For more information, please visit https://www.onrampfunds.com.
"Onramp consists of a team with a wealth of eCommerce experience and a track record of success in building companies, strong investor team and balance sheet, and a go-to-market strategy and value propositions unique in the space, " says Eric Youngstrom, founder and CEO at Onramp Funds. "We know the delicate dance of balancing cash flow, inventory to meet demand, and growing a business. With no other viable options that support specialized eCommerce businesses needs, we developed a solution that is completely aligned with what these small businesses require to be successful."
Typically, eCommerce business owners seek traditional financing products, such as bank loans and lines of credit or credit cards. These all come with extensive paperwork, an approval process that can take up to 60 days, high interest rates, and monthly minimums. eCommerce businesses need cash quickly and can quickly go into debt or fail to meet customer demand if their sales aren't consistent, and they don't have cash to purchase more inventory. All of their cash is tied up in inventory, making it nearly impossible to spend on marketing, operations, headcount and other essential growth initiatives.
More on Washingtoner
- Sugar Land's Social Scene Gets a Boost: Pep's Backyard Set to Open Near Constellation Field
- Joseph Nybyk (AKA Joseph Neibich) Guests On Octopus TV
- Mutant-Fueled Bio-Cyberpunk Shooter HoverGrease 2 Launches May 22
- Triple-Digit Growth, OTCQX Market Upgrade and a Rapidly Expanding Specialty Healthcare Platform: Cardiff Lexington Corporation: Stock Symbol: CDIX
- XRPPower Continues Strengthening Its Global AI-Powered Blockchain Ecosystem
With Onramp Funds, customers connect their online store in seconds via Onramp's read-only API and are prequalified in minutes. Once they connect their bank, they can have cash deposited within a day. Qualified customers request a cash amount from Onramp, and Onramp directly makes deposits into their bank account.
Onramp Funds doesn't send a bill or request a minimum monthly payment. Instead, Onramp receives a small fee of gross sales, when the customer sells products and gets paid. This no-hassle, no-worry funding option is much more suitable for the erratic eCommerce market and saves businesses, on average, 50 percent versus banks, credit cards and lending tools.
"We are committed to aligning our success with that of our customers, learning and adapting as we go," says Youngstrom. "Our number one goal is to solve the challenges of eCommerce businesses, making it easier for merchants to build and scale their businesses without the limitations and shackles of traditional lending products. Just like our customers and unlike traditional lenders, we have skin in the game, supporting their goals and rooting for them to succeed."
More on Washingtoner
- Spokane: Coffee Connect With District 1 Council Members
- Spokane: Coffee With Council District 2 Council Members
- Tacoma: Implementation of Transportation Impact Fees to Begin on June 1
- City of Tacoma Highlights Performance Milestones, Efficiency of Alternative Response Programs
- Lick Introduces Pineapple Flavored Massage Oil — A Tropical Date Night Favorite Available on Amazon
About Onramp Funds
Onramp Funds' innovative financing platform is purpose-built for eCommerce entrepreneurs. Our leadership team includes highly successful entrepreneurs behind ShippingEasy and CSIdentity and growth leadership with ShipStation, Shipworks, and Stamps.com. We understand the unique challenges eCommerce merchants face. The team brings 40 years of experience empowering small eCommerce businesses, bringing a dedication to delivering the cash SMBs need, when they need it, to grow and scale their businesses. No other financial product aligns as closely with the requirements and sales cycles of the eCommerce industry. For more information, please visit https://www.onrampfunds.com.
Source: Onramp Funds
0 Comments
Latest on Washingtoner
- Raymond Lavine, Extended Care Benefits Advisor and Author, to Appear on National Television Series Moving America Forward
- NaturismRE Launches Structured Nudism & Naturism Encyclopedia, Aiming to Reframe Public Understanding
- AI Is Closing the Gap Between Offshore Virtual Assistants and Onshore Staff
- CCHR Highlights Concerns Over Coercive and Failed $140 Billion Mental Health Practices at Psychiatric Convention
- Avery Headley Leads Major Stabilization and Modernization Initiative Across Bronx Affordable Housing Portfolio
- Tacoma: City Council Takes Steps to Further Activate and Support High-Investment Corridors
- NewReputation's AI Sentiment Analysis Tool Reaches 2,500 Users as Businesses Demand Clearer Brand Intelligence
- CAPO Supply Announces Opening of Second Location in New Castle, Pennsylvania
- $224 Billion Growing Market in Life Settlements Presents Major Opportunity for New Policy Acquisition Business Plan: DLT Resolution Stock Symbol: DLTI
- Fyt-02 Launches on Kickstarter The Smart Sensor That Turns Any Chair Into a Posture & Movement Track
- YieldOMega Launches $DOUB Airdrop Campaign Ahead of TimeCurve Launch
- Kaltra Expands Microchannel Water Coil Line for U.S. HVAC Market With New Corrosion-Resistant Tube Technology
- Collectibles EvoRelic Celebrates Stellar 4.8-Star Customer Rating
- Phoenix Hip-hop Artist Rhymi Hits 23k Monthly Listeners 12 Days After Album Release
- Pediatrician Launches "Confessions of a Detective Doctor" Children's Book Series
- Integrated Maintenance Platforms Are Transforming Aircraft Operations
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- Derek Advanced Tracking Systems Revolutionizes Asset Monitoring with Advanced Technology
- The AI Direction Deficit: TripleTen Study Finds Staff Get Told to Use AI — But Not Trained to Use It
- Spokane: Flags Lowered for Peace Officers Memorial Day