8fig vs Swish Funding

Partnering with the right funding source can change the course of your business. There are many lenders with different methods for providing funding and identifying what each lender truly offers will require an understanding of the differences in what they do. This article compares 8fig and Swish Funding and assists you in deciding which company has the best product(s) for your business needs.

Understanding the Different Approaches

8fig is focused solely on providing financing to eCommerce businesses (eCommerce financing) and has developed a business supply chain financing product combined with an AI driven eCommerce business planning tool. 8fig's sole focus is on online sellers using platforms such as Amazon and Shopify. If you are not operating an eCommerce business, you cannot use 8fig.

Swish Funding works with businesses from all industries. They provide funding solutions for all types of businesses including restaurants, manufacturing, retail, service industry, and eCommerce. Because of their ability to serve a variety of industries, Swish Funding provides funding to a larger population of entrepreneurs because there are no industry restrictions on their lenders.

The AI Planning Tool Question

8fig markets its AI-based growth-planning software. Many users report that this tool feels like more of a prescriptive tool without providing any real benefit. This is due to the AI assuming various characteristics of a customer's business which may not actually match what the business is trying to accomplish, nor does it always represent the realities of the market where the customer is operating.

Rather than implementing an automated planning program, Swish Funding has employed human experts with years of experience in business who are fully aware of the issues businesses face on a day-to-day basis as a method of providing the support you need to grow. Your Swish Funding dedicated account manager will provide personalized advice about your business that is real and not reliant on algorithms.

E-commerce Only vs Universal Access

8fig provides funding solutions to e-commerce businesses exclusively. Not all businesses are created equally, with respect to the way they generate revenue, if you operate a business, but do not generate revenue exclusively through an e-commerce business, you may qualify for Swish Funding, however, but you may not qualify for 8fig, which poses a major obstacle for most businesses.

At Swish Funding, we believe that no business should ever be prevented from obtaining quality financing (in order to grow). There are many types of businesses, including: Traditional brick-and-mortar businesses; Service providers; Manufacturers; Wholesalers; Hybrid businesses. Each of these types of businesses are eligible to apply for financing through Swish Funding. Because of our inclusive approach to business, you should never have to worry about whether the way you operate your business is going to prevent you from obtaining the capital you require in order to grow.

Supply Chain Financing Complexity

8fig uses a supply chain financing approach that links your funding to your inventory purchases and sales cycles. This can be very helpful for certain types of eCommerce businesses, but it does create added complexity and limits your options. Your funding will be linked to actual products, suppliers, and inventory; therefore restricting how you can use those funds.

On the other hand, Swish Funding provides business loans with a flexible structure that allows you to use the funds in whichever way you see fit–, whether it’s to purchase inventory, pay employees, invest in marketing efforts, upgrade technology, or manage cash flow. The choice is in your hands. Flexibility allows your financing to align with your own business goals instead of dictating what your goals will be.

Application Requirements

To apply for 8fig, it requires significant integration with your eCommerce platform through access to sensitive customer sales information (performance metrics) and product inventory levels, as well as all of your supplier’s information. This level of access to sensitive information may make you feel uncomfortable and can take a great deal of time to integrate the technical requirements.

Swish Funding keeps the application process simple: Only provide basic company information such as name, address, website and business owner, as well as basic business financial information. You do not have to provide detailed integration to any technology platforms and you will not have to share sensitive business data. This process allows for respect of your time, privacy, and security, by eliminating the unnecessary step of a complex application that requires many multiple steps before an informed lending decision can be made.

Geographic Limitations

8fig is focused on particular markets based on the e-commerce ecosystem it operates in. Their service isn't widely accessible; even in the markets they do service, it only works well for companies with certain types of platforms and payment processors.

Swish Funding, on the other hand, serves the entire UK through all regions and industries. So whether you are in London, Manchester, Edinburgh or a rural area, you can access quality business funding at equal level. There are no barriers based on location or type of business model.

Transparent Pricing

The pricing structure for 8fig is based on the sales performance and metrics from your supply chain. Because of this, you will have variable costs that may be challenging to forecast. Determining your actual borrowing costs will take some complex calculations to measure all factors relevant to your company. 

When you begin doing business with Swish Funding, you can expect to receive clear pricing from day one. You will know what you will pay for your financing before committing to anything. Swish Funding offers fixed rates and clear terms, allowing you to budget correctly without risk of your variable costs cutting into your margins unexpectedly.

Personal Support Experience

Due to their platform-centric method of doing business, the majority of 8fig’s communication occurs through their app. However, negotiating with actual people who understand your unique circumstances can be very difficult if your situation is complicated with an array of variables through non-personalized assistance.

Conversely, Swish Funding invests in relationships with clients through each customer receiving an account manager who acts as an advocate for that client. Whenever you have a question related to funding, contact your account manager. Additionally, if you ever have need for advice on how best to structure your organization, your account manager will be able to help. Continuity of service creates authentic partnerships between you and Swish by having someone genuinely concerned about your success and understanding who you are as a business.

Funding Speed

With 8fig’s efforts to provide funding on a supply chain basis, each client’s inventory, supplier relationship and predicted sales must all be analyzed before they will provide funding. This detailed analysis can greatly slow down the funding process, particularly if it is the first time you are working with 8fig as they will not yet know your company’s business model.

With Swish, the implementation of a straightforward and easy application process will allow for your funding application to be reviewed and funded in less than 24 hours from the time that you submit it. There will not be a need for your inventory to be assessed or for your sales to be estimated prior to receiving funding from Swish. You will receive swift, dependable funding as soon as an opportunity presents itself or when the need for it arises.

Flexibility for Growing Businesses

8fig's model locks you into their supply chain financing structure. If your business evolves beyond their framework or you want to diversify revenue streams, their rigid approach might not accommodate your growth.

Swish Funding grows with your business. As your needs change, they adapt. Seasonal adjustments, expansion funding, or changing repayment schedules all remain possible because real people make decisions based on your evolving circumstances.

The Clear Winner

While 8fig serves a specific e-commerce niche, Swish Funding provides comprehensive solutions for all UK businesses.

Choose Swish Funding for:

• Universal access: All industries and business models welcome.
• True flexibility: Use funding however your business needs.
• Transparent pricing: Clear costs with zero surprises.
• Personal relationships: Dedicated managers invested in your success.
• Reliable speed: Consistent 24-hour funding when approved.
• Simple process: No complex integrations or invasive data requirements.

Your Business Deserves Better

Don't let narrow industry focus or complex requirements limit your funding options. Choose a lender that welcomes your business and provides straightforward solutions.

Swish Funding combines modern efficiency with genuine personal service, delivering transparent, flexible funding designed for real UK businesses like yours.

Ready to experience business lending without restrictions? 

Sign up with Swish Funding today and discover why entrepreneurs across industries trust them with their funding needs.

Apply now and unlock your business potential with a partner who truly understands you.