Grow faster with Myos
As an ecommerce business owner, you know that having a successful online shop requires more than just a great product and a pretty website. One of the most important parts of growing your business is ensuring you have enough working capital to keep the business running smoothly. Here are some ways that Myos financing can help to grow your business:
Fund your business growth channels like product launches, marketing campaigns, and inventory expansion.
Bigger growth channels mean attracting new customers, increasing sales, and taking your online shop to the next level
Myos asset-based financing provides the working capital you need to grow without worrying about running out of cash or disrupting your cash flow.
Home decor and furnishings store with €1,500,000 in total yearly revenue.
They recently launched a successful TikTok campaign, which made them popular for their intricate designs, and that made the demand as high as ever.
To process all the new orders, HomeHarmony needed an additional €200,000 in working capital to invest in new inventory, renovate their warehouse, and scale operations.
After thoughtful consideration, they decided to take asset-based funding from Myos.
Before you request an offer, you need to decide whether you want to get inventory financing or stock financing:
2. Stock financing uses your existing inventory as collateral to fuel your store growth. Take the extra capital and invest in any expansion strategy of your choice, such as marketing or new product launches.
Myos partnered with a network of 200+ warehouses in DACH and UK, and over 70+ best-in-class ecommerce service providers - exclusively available to you!
You receive a confirmation of the approved loan amount and send us back the signed contract.
You receive the payment from Myos to your deposit account.
You receive the first batch of your stock (e.g 10%) and repay a part of the loan back (also 10%).
You receive the second batch of your stock (e.g 50%) and repay a part of the loan (also 50%) back.
You redeem the last batch of your goods and repay the rest of the loan back.
HomeHarmony received a confirmation of the approved loan amount and sent us back the signed contract.
They started selling their items a month after the goods were financed.
HomeHarmony repaid 20% of the loan, and Myos released 20% of their inventory for them to sell.
At month 6, HomeHarmony repaid another 40%.
Finally, they repaid the remaining 40% at month 10, closing the project.
€1,500,000 x 1.5 = €2,250,000 (50% increase in sales)
€200,000 x 2% = €4,000, totaling €12,000
€160,000 x 2% = €3,200, totaling €6,400
€80,000 x 2% = €1,600, totaling €6,400
€12,000 + €6,400 + €6,400 = €24,800.
Net PnL impact on HomeHarmony's business:
- The increased yearly revenue is €750,000 (€2,250,000 - €1,500,000).
- After subtracting the interest cost of the loan (€24,800), the net PnL impact is €725,200.
By using Myos' asset-based financing, HomeHarmony was able to secure the necessary working capital to meet the increased demand for their products by building up stock in advance and improve their warehouse, resulting in 50% revenue growth and a €725,200 positive PnL impact.
With Myos, you don't have to pay a fixed or lump sum that would penalize you if you repaid the funding earlier. You only pay a monthly fee on the outstanding capital. Your %-fee depends on your product scoring. If you repay earlier, you will pay less.
To receive funding from Myos, you need to meet the following requirements:
- A registered office in Germany, Austria, Cyprus, or the United Kingdom (UK).
- Company is not a shell or shelf company.
- Your company must have been in operation for at least 6 months.
- A minimum of 50 days of selling goods.
- Your products are sold for at least 5€ (EU) or £5 (UK) and are ready for sale.
Your financing request should be reviewed within 24 - 72 hours. If you are in a hurry, just let us know, and we will switch on turbo gear.
Repayment is flexible and can be tailored to your needs. With a loan term up to 12 months, you can pay back the loan early without extra costs, pay back the entire amount on the last day, or even make regular payments. Interest is calculated on the outstanding balance, allowing you to control monthly costs through repayments.
The interest is always calculated on the outstanding balance. For example, if you have received €/£50,000 from Myos and regularly pay it back every month, you will have fewer monthly costs than if you pay back the entire amount on the last day at once. You can therefore control the monthly costs by your repayments.