The Tool Desk
Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Onramp Funds announced $42 million in combined equity and credit on May 31, 2022, to expand financing for e-commerce sellers. TechCrunch reported that Luther King Capital Management led the funding, but Onramp did not disclose how much was equity and how much was credit. The figure was not a $42 million all-equity round.
What Onramp Funds raised $42 million for
Onramp is an Austin-based company that provides working capital to e-commerce merchants. TechCrunch reported that the company planned to use credit to finance small businesses and the equity portion to support customer acquisition and hiring across engineering, product, sales, marketing, and client success. The report did not give a breakdown between the two forms of financing. TechCrunch’s May 31, 2022 report described the funding and the company’s plans at the time.
The financing addressed a cash-flow gap common to online sellers: they may need to pay for inventory and shipping before marketplace sales proceeds arrive. Founder and CEO Eric Youngstrom told TechCrunch, “People just didn’t have the money necessary to complete the order.” The article said Onramp used historical sales data to forecast working-capital needs. Its 2022 account of hundreds of customers and month-over-month revenue growth is historical reporting, not a current company performance update.
How Onramp Funds financing works today
Onramp’s current product page describes three structures for business financing. Repayment frequency and duration shown on that page apply to the company’s descriptions, not necessarily to every merchant’s offer.
#1 Best Overall
![Express Accounts Accounting Software Free [PC Download]](https://m.media-amazon.com/images/I/41kiz1fP83L._SL160_.jpg)
- Manage your payments and deposit transactions
- Check balances and generate reports to monitor your business finances
- Email and fax reports to your accountant
- Create and track quotes, invoices and more
- Connect to the app with secure web access
| Structure | Repayment behavior | Frequency and stated duration |
|---|---|---|
| Variable | Revenue-based payments that fluctuate with sales | Daily, weekly, or biweekly; one to twelve months |
| Fixed | Predictable fixed payments | Daily, weekly, or biweekly; one to twelve months |
| Rolling Cash Line | Revolving borrowing capacity described as growing with sales; customers can choose fixed or revenue-based repayment | Daily, weekly, or biweekly; one to twelve months |
Onramp says these structures use a single fee structure. The product page does not establish what terms a particular seller will be offered. See Onramp’s product page for its current descriptions.
Published fees and potential uses
Onramp’s official ecommerce-funding page, accessed in 2026, lists fees of 0.5% to 4% of sales and an estimated APR equivalent of 11.9% to 19.9%, depending on advance terms. These are company-published figures, not an independently verified comparison or a quote for an individual merchant. The page also says advances typically close out in 90 days; actual timing depends on the terms and repayment.
Rank #2
- You can now print to blank check stock. Customization of the check layout is "not" possible at this time. Check the Help file for additional details.
- Electronic form filing for W-2, 1099-NEC and 1099-MISC is available through a third party service (there is a nominal fee for this service).
- Tax forms for 2022
- Includes tax tables for 2023
- Support for new 1099-NEC form
The same page describes financing for inventory and says repayment is synchronized with sales. Onramp’s homepage also names shipping and logistics, marketing, and other business-growth needs as possible uses. The company says it evaluates sales history, cash-flow needs, and debt positions, and describes payments as synced with sales deposits. These descriptions do not guarantee that every use or repayment arrangement will be available to every applicant.
Who may qualify—and why to check the exact requirements
Onramp’s official pages show different eligibility details, so there is no single combined checklist that can be stated confidently from those pages alone. The ecommerce-funding page, accessed in 2026, says applicants must be U.S.-based merchants with at least $10,000 in sales over the past 30 days. It lists Shopify, BigCommerce, Amazon, Walmart, WooCommerce, Squarespace, and SHOPLINE.
Rank #3
- TRUSTED ACCOUNTING SOFTWARE: For 42 years, Sage has supported small businesses with reliable accounting software to grow their business. Sage 50 Premium Accounting (formerly Peachtree Accounting) includes a one-year Sage Business Care plan with access to online support. Trusted by accountants and bookkeepers for decades.
- SIMPLE TO START: Powerful 1-User Accounting Software designed for small businesses. Choose from various business models to create the right chart of accounts, easily pay bills, invoice customers, and track costs with confidence using Sage 50 Accounting.
- PAY BILLS & INVOICE: Spend less time on administrative tasks with bookkeeping and invoicing software that lets you easily pay bills and invoice customers while tracking billable and non-billable costs for each job. Streamline daily financial management and reporting.
- CALCULATE JOB COSTS & MANAGE INVENTORY: Use job costing by phase and cost type to calculate job profitability and make informed business decisions. Track inventory to ensure you have what you need, when you need it, with powerful inventory management software and reporting tools.
- MANAGE FINANCES: Audit trails and advanced budgeting tools help you stay on top of business performance and finances. Create purchase orders, manage expenses, track spending, and utilize payroll and financial reporting capabilities to support business growth.
The current homepage instead says a business needs at least six months of selling history, at least $10,000 in monthly sales, and a legal U.S. business entity. Its platform list includes Amazon, Shopify, TikTok Shop, WooCommerce, BigCommerce, Squarespace, Walmart, SHOPLINE, and Stripe. Because the pages differ in both requirements and platform coverage, confirm current qualification rules and supported platforms with Onramp before applying.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the $42 million figure does—and does not—tell sellers
The 2022 announcement describes capital raised by Onramp, not a funding amount available to an individual seller. It does not establish a seller’s approval odds, advance size, cost, or repayment schedule. Nor does it disclose the amount of the company’s financing that was equity versus credit. For a seller evaluating an offer, the useful details are the repayment method and frequency, duration, total fee and any APR calculation, whether the facility is revolving, and how much capital the business expects to use.
Quick Recap
Best Value
![QUICKEN CLASSIC BUSINESS & PERSONAL FOR NEW SUBSCRIBERS| 1 Year [PC/Mac Online code]](https://m.media-amazon.com/images/I/41qWaUWoCjL._SL160_.jpg)
- See business, rental & personal finances together & separately
- Get built-in Schedule C & E tax reports, P&L, cash flow & more
- Manage your rental properties
- Plus get our best-in-class personal finance tools
Rank #4
- TRUSTED ACCOUNTING SOFTWARE: For 42 years, Sage has supported small businesses with reliable accounting software to grow their business. Sage 50 Pro Accounting (formerly Peachtree Accounting Software) includes a one-year Sage Business Care plan with access to online support. Trusted by accountants and bookkeepers for decades.
- SIMPLE TO START: Powerful 1-User Accounting Software designed for small businesses. Choose from various business models to create the right chart of accounts and customize reports in real time with no prior accounting knowledge required.
- PAY BILLS & INVOICE: Spend less time on administrative tasks with bookkeeping and invoicing software that lets you easily pay bills, invoice customers, and track billable and non-billable costs for each job. Improve efficiency with Sage 50 Accounting.
- IMPROVE CASH FLOW: Use job costing to calculate job profitability and make more informed business decisions. Monitor cash flow, track payments and expenses, and manage finances with confidence using accounting software for small business.
- MANAGE INVENTORY: Keep track of inventory to ensure you have what you need, when you need it. Create purchase orders, manage expenses, and track spending with ease using inventory management software designed for growing businesses.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
