What is Amazon Lending? Amazon Lending Review

introduce

Amazon Business Loans provides sellers with loans ranging from $1,000 to $600,000 for three to 12 months, with interest rates generally between 6% and 14%, to help them stock their products. Amazon earns interest and takes a cut of the seller's sales.

Amazon only accepts the seller's FBA inventory as collateral when accepting a loan. If you are unable to pay, Amazon can keep your inventory or accept it and sell it themselves for a refund. If you are not an FBA seller, then in the event of non-payment, your earnings will go directly to Amazon.

Eligibility

This service is invitation-only and is not open to all merchants on the Amazon platform.

Advantages

Amazon has real business data of merchants. In the credit approval process, Amazon can directly access the merchant's data including platform registration information, transaction information, sales changes, etc., saving the bank a lot of time and manpower review costs, greatly saving evaluation time, and reducing credit risks.

Loan data

From 2011 to 2015, the company issued more than $1.5 billion in loans

In June 2017, that figure more than tripled to over $3 billion, compared with just $1.5 billion in combined loans in the previous four years.

discuss

A member with the id "Texas Angel" replied that he (she) had received two loan invitations, with the loan amounts and interest rates being US$19,000 and US$7,000 and 12.9% and 10.4% respectively.