Amazon Lending is an Amazon division, which provides business capital to small companies using non Amazon products. The Amazon Seller Central service is designed to provide small business owners with the resources they need to expand their existing businesses. The concept of the Amazon Lending Service is nothing new. What is novel is that it is turning into a means for third-party suppliers to access the wholesale market that is exclusive to Amazon. In this way, third-party suppliers have access to the market place where retail stores and drop shippers do not have access. In short, the Amazon Lending makes it possible for suppliers to source products at wholesale prices offered exclusively by Amazon.
This innovative lending model works well for online sellers who are seeking funding to start or expand their businesses. For smaller businesses, which are usually home-based businesses, this can prove to be a life saver as it enables them to access fund at the lowest interest rates for loans of any kind. Online sellers will also discover that this innovative model allows them to secure cash financing for short-term needs, which is particularly important in the current economic times.
It is not difficult to find and apply for these loans. As the name suggests, the Amazon Lending service makes it very easy to apply for these loans. To access the application process simply login to the Amazon website and click on 'My Account' link. Alternatively, you may access the application process through a toll-free number, fax, or email.
Once you log into your account, you'll find the following page where you will need to fill in the relevant fields including:
Once verification is complete, you will receive an approval notice. In some cases, you will then be given a loan amount. This loan amount is secured against the equity in your home. If you are unable to repay the loan amount owed, Amazon will execute the loan using your collateral. This will ensure that you don't default on your Amazon loan as it is considered as a charge on your credit score.
These loans are fast and easy to obtain for both established and new small businesses. Once you have established a credit score, you will definitely find it easier to be eligible for these loans. Amazon sellers will find that these loans are extremely convenient and facilitate a great way to fund their business operation.
This innovative lending model works well for online sellers who are seeking funding to start or expand their businesses. For smaller businesses, which are usually home-based businesses, this can prove to be a life saver as it enables them to access fund at the lowest interest rates for loans of any kind. Online sellers will also discover that this innovative model allows them to secure cash financing for short-term needs, which is particularly important in the current economic times.
It is not difficult to find and apply for these loans. As the name suggests, the Amazon Lending service makes it very easy to apply for these loans. To access the application process simply login to the Amazon website and click on 'My Account' link. Alternatively, you may access the application process through a toll-free number, fax, or email.
Once you log into your account, you'll find the following page where you will need to fill in the relevant fields including:
- your name,
- address,
- company details,
- business purpose,
- Credit references.
Once verification is complete, you will receive an approval notice. In some cases, you will then be given a loan amount. This loan amount is secured against the equity in your home. If you are unable to repay the loan amount owed, Amazon will execute the loan using your collateral. This will ensure that you don't default on your Amazon loan as it is considered as a charge on your credit score.
These loans are fast and easy to obtain for both established and new small businesses. Once you have established a credit score, you will definitely find it easier to be eligible for these loans. Amazon sellers will find that these loans are extremely convenient and facilitate a great way to fund their business operation.
