8fig - Scale SmarterReviews of 8fig.co

I usually avoid using funding because it confuses me. But my experience was actually not that bad. We could pay our suppliers upfront and negotiate better deals.

I like that its not that complicated even without me having a finance background. Since i started to use 8fig two months ago It’s made dealing with the money side feel a lot less intimidating.

This place almost bankrupted my business and I am still dealing with the repercussions years later and playing catch up financially. ****DO NOT SIGN WITH THEM UNLESS YOU HAVE EXTRA MONEY TO WASTE WHEN THEY CHANGE THE "GROWTH" PLAN ON YOU!****

they didn't push us into taking more money than we are comfortable with so we went through our margins they were honest about what made sense and what didn't. This gave us trust in the partnership

I am an Amazon fullfiller, and this was a non-traditional way to get an inventory loan. Like with all loans or any other disbursements, you must read the contract. I understand what I am getting into with the weekly repayments. I was approved for $75,000, which will be disbursed in three separate disbursements over a 3-month period. This works for me as I am not struggling; I just wanted a cushion for the holidays. If you are a struggling e-commerce company, this is not for you. If you have a steady income coming in weekly, this is a reliable source of funds. Like all loans, you have to repay the money. With this one, you have to do it weekly, but in the end, you pay the interest faster. I see the negative reviews online, but in the end, if you could have received a traditional loan, you would have taken that over any company online. I appreciate the fact that 8fig helped me out, and the individuals Mike and Tanner, were great and very communicative throughout the whole process. Always remember to read your contracts and budget accordingly. If you see your sales are slipping, you need to communicate and understand that just like we are small companies, they are a company taking a chance on us. E-commerce stores are not guaranteed. We can be here today, and tomorrow we are out of here. As a small company, I work 7 days a week, not to have to work another job, but I am driven. I appreciate that 8fig gave me a loan, I know what I am getting into. It's just like you know what you get when you fly Spirit Airlines, but you wanted Delta service. The Bottom line is I like 8fig, I appreciate how easy it was and the two people who made the process straightforward. Thanks, 8fig, and I look forward to doing more business.

Does the job. We needed to fund a new production run and didn't want to dip into our marketing budget. 8fig made it happen. The website is a little slow sometimes, but the funds land when they are supposed to.

Overall a positive experience. It took a little back and forth to get our plan approved initially, but the support team was patient. It’s a good resource to have when you’re trying to grow without giving up equity. Will likely use them again.

Good service, though the onboarding involved quite a bit of paperwork to get approved for the inventory deposit. Once past that stage, operations have been solid. I like that we are having a dedicated contact person rather than relying on a generic support bot.