Good option with Parafin
I wanted to reach out and say thank you to Parafin for an easy loan. I used it to get ahead on inventory and am almost paid off.
It is an easy loan that is worth the cap fee because I was able to get more inventory and sell very well. The 15% was a good way to do it - when sales are up you are paying more.
I even had a snafu where my bank account got taken off my account even though it was locked and when I reached out to parafin they unlocked it so I could reconnect it. This was an amazon glitch when I changed the office address after moving.
When you want a quick unsecured business loan it is a super easy option. You just have to be aware that you have to pay it back by 15% a week which I was confident I could do.
I appreciate the help with the cash flow. I had used amazon loans before and felt this one was just as easy.
2 replies
Seller_LVZcgxAgZ2xBv
Good that it's working out for you. That's not always the case:
Going out of business with Parafin Capital (Source)
"I took an advance from Parafin, and due to Amazon’s DD + 7 reserve system, increased seller fees, rising cost of doing business and overall lower profit margins, I’ve been struggling to keep up with their weekly deductions. My biggest issue is that Parafin’s withdrawals don’t align with my actual cash flow, since Amazon holds funds for extended periods before releasing them."
