post by:
Carmen Marks
Company comparison
Payoneer Capital Advance
KEY FACTS
- Funding only for Amazon and Walmart sellers
- Funds issued by third party lenders based on your future sales
- Up to $750,000 in next day funding
- No payment fees to or from other Payoneer users
- Minimum monthly repayment of $20,000
- No credit checks (approval based on your sale history)
Loanbuilder
KEY FACTS
- Small-Business term Loans up to $500,000
- Minimum credit score of 560
- Must have minimum 9 months in business
- Minimum $33.3k in annual revenue
- Requires a personal guarantee (using personal assets as collateral, i.e. your house, car, bank accounts)
Final Verdict
Payoneer offers a higher funding limit versus Loanbuilder, allowing you to capitalize on your sales, inventory, and the market in general. Payoneer bases their lending on the market and forecasted sales (if your product is on an upswing, you can get more funding).
Loanbuilder requires a credit check, minimum credit score and a personal guarantee which could be detrimental to your business and personal assets if you are unable to pay the loan back. Payoneer does not require a personal guarantee, but does link to your business bank account to withdraw their payments automatically.
Payoneer is the winner between the two. You can keep your personal credit and assets safe. They also wave fees for payments and transfers between Payoneer accounts, saving you money.