Amazon Lending Basics | Summary and Q&A

TL;DR

Amazon Lending is an invitation-only program that provides loans to sellers for working capital, assisting with inventory management, product development, advertising costs, and business expansion.

Key Insights

• 👨‍💼 Amazon Lending provides loans to sellers for working capital, aiding in key business areas like inventory management, advertising, and expansion.
• 😑 The program is invitation-only, and sellers need to check if they are pre-qualified within their Seller Central account.
• 🥳 Loan terms vary from three to twelve months, with funds typically accessible within five business days.
• ⚾ Eligibility is determined based on seller account performance and credit history, while contacting support does not grant approval.

Transcript

hey guys this is Austin from my Amazon guy tonight I am going to talk my Amazon London Amazon lending is a program that Amazon gives loans for working capital directly to sellers the the Amazon ecosystem Amazon lending is an invitation-only program which means that if Amazon hasn't sent you an invitation to be part of their program via email and th... Read More

Questions & Answers

Q: What are some typical uses for Amazon Lending?

Amazon Lending can be used for becoming more productive, bulk buying products, product development, covering advertising costs, and building your business.

Q: How does Amazon determine eligibility for the lending program?

Amazon evaluates both seller account performance and personal/business credit history. Maintaining excellent customer service, top-notch metrics, and sales growth increases your chances of eligibility.

Q: Are there any early payoff fees for Amazon loans?

No, there are no penalties or early payoff fees. Paying off your loan early will result in less interest paid.

Q: How can sellers apply for Amazon lending or manage their loan?

Sellers can visit the Help page in Seller Central and search for "lending" to find additional resources. Alternatively, they can navigate to the Programs tab and select Amazon Lending to access application and loan management information.

Summary & Key Takeaways

• Amazon Lending is a program where sellers can borrow money for various purposes, such as inventory management, buying new stock, expanding product lines, and funding advertising campaigns.

• The program is invitation-only, and sellers can check if they are pre-qualified within their Seller Central account.

• The loan terms range from three to twelve months, and sellers can usually access funds within five business days.