"I am reporting 8fig.co for predatory…
"I am reporting 8fig.co for predatory lending and unfair collection practices under the NY FAIR Act. 8fig funded my business $77k on Nov 27, then immediately began fixed $3,800/week withdrawals before any revenue was generated, totaling $15,200 in 'pre-revenue' draws.Currently, they have frozen $43,000 of my Amazon funds—nearly 50% of the total debt claimed—while refusing to reconcile my payments to a sustainable $2,000/week. They are holding my business hostage for $25,000 in 'default fees' that exceed my total business value ($66k), effectively forcing my company into insolvency despite my repeated offers to pay the principal in full."
Tim Tim Tim
We looked at a few different options…
We looked at a few different options and went with this one because of the flexibility. Being able to adjust the plan based on shipping times is helpful.
Morgan Todd
We have renewed our plan twice now
We have renewed our plan twice now. It isn't the cheapest capital out there but the flexibility to align payments with our sales cycle makes it worth the cost for us
Calum Cooper
The platform is pretty detailed so it…
The platform is pretty detailed so it took us a few days to get the hang of the planning tools. Once we did, it made managing our cash flow for the next two quarters much clearer .
Ruby Stevens
Forced us to get organized
To get approved, you have to map out your supply chain in their dashboard. It was a bit of work upfront but it honestly helped us see where our delays were. We are now ordering on a proper schedule instead of panic buying at the last minute.
Jessica Morgan
Much safer than a daily MCA
We used a merchant cash advance before and the daily deductions nearly killed our cash flow during a slow week. 8fig structures the repayment based on the inventory cycle, so you aren't paying back money before you have even sold the goods. It is a much healthier model.
Justin Ellison
Real support when tech failed
My bank connection kept dropping during setup and I was about to give up. A support rep actually emailed me personally and we hopped on a screen share to fix it. It was a small thing but it showed they actually care about getting you onboarded properly.
Nuno Gaspar
The transparency is what sold me
The transparency is what sold me. You see the cost of the capital upfront so you can decide if the margin works for you. No hidden fees popped up later which was my main worry.
Kian Griffin
Funds are released when you need them
I really appreciate they don't just dump a lump sum and start charging interest on day one. They release the capital in stages for the deposit, balance, and shipping. It keeps the cost much lower than a traditional loan where you pay on the full amount immediately.
Alan King
We were tired of paying high per-unit…
We were tired of paying high per-unit costs on small orders. 8fig gave us the backing to commit to a 5,000 unit run instead of our usual 1,000. The volume discount we negotiated with the factory ended up covering the cost of the financing, so it was a no-brainer for our margins.
Michael Allen
Allowed us to double our ad spend
We were stuck in a loop where we couldn't scale ads because all our cash was tied up in inventory. 8fig funded the stock so we could use our own revenue for marketing. It finally broke that bottleneck and our sales volume has shot up since.
Jessica Cole
Applied on a Tuesday and had everything…
Applied on a Tuesday and had everything set up by the end of the week. No crazy paperwork, just connected our sales channels. Good option if you need to move fast on an opportunity.
John M.
Nice to having a partner
Running an ecommerce brand is stressful enough without worrying about cash flow every single day. They gives us a buffer so we can actually focus on marketing and product development. It is nice having a partner that covers the inventory costs upfront so we aren't scrambling!
Phillip
It makes way more sense than a lump sum loan.
It makes way more sense than a lump sum loan. They release the funds in stages for the deposit, final payment, and logistics so you aren't paying interest on money sitting in your account doing nothing. It aligns perfectly with our actual production timeline and keeps the costs manageable until the goods actually arrive.
Richard Mason
I like that you can adjust the plan if…
I like that you can adjust the plan if your shipment gets delayed. We had stuck cargo and they moved our payment dates without an issue. It makes managing the logistics side a lot less stressful.
Scott Mader
I have already paid these people off…
I have already paid these people off and they put a lien on my marketplace account. I asked for a letter of payoff and they have been lagging since November. I asked politely to give me an update and silence for 2 weeks now. This needs to be fixed asap!
Bobby
We used them to cover a large invoice…
We used them to cover a large invoice from our supplier so we didn't have to drain our bank account. The transfer was quick and the dashboard is easy to navigate. It is a handy tool to have when orders start picking up.
Carrie R.
Solved my problem
I was stuck at a plateau because I simply couldn't afford to buy enough stock to grow to the next level. 8fig solved that chicken and egg problem for us. I placed our biggest order ever last month and the sales are already proving it was the right move.
Marcus
I actually used their planning…
I actually used their planning dashboard more than my own spreadsheets now. It helps to see exactly when the money needs to go out to suppliers and when it comes back. It makes the whole financial side of the business feel much less chaotic and organized.
Lina Avellan
Responsive and flexible
The team is responsive and flexible, adjusting repayment schedules when needed. thank you
Valérie
