Amazon Lending Review: Here Are The Details
According to the company’s website, Amazon Lending provides business financing to help eligible US small and medium-sized businesses reach their goals. You can visit www.sell.amazon.com/programs/amazon-lending to find out more. The Amazon Corporate Headquarters address is 410 Terry Ave N, Seattle 98109, WA and they can be reached at 1-206-266-1000.
Amazon Lending Pros and Cons
Nerdwallet.com conducted a review on Amazon Lending. According to this review Amazon Lending has an online application process on their website that also involves third party lenders. Amazon Community Lending is offered in partnership with a community development financial institution, which may offer more favorable loan terms to small businesses than other financial institutions. On the other hand, interested parties should be aware that you cannot apply for Amazon Lending products until Amazon has invited you to do so. It has been reported that there is little public information about the products that are available, so it may be difficult to know whether you’ve been offered competitive rates and terms. Repayments come directly from your business checking account, which may put you at risk for overdraft. Information from this review was gathered on August 22, 2023.
Amazon Lending Cost
Not much can be found on line in regards to the fees charged by Amazon Lending. An applicant’s best bet would be to visit the Amazon Lending website. On their website they claim that potential borrowers can calculate how much they want to finance and what the repayments could look like by using the loan calculator in the application form. It should be noted that Amazon Loans are invite only and are only available to Amazon sellers.
BBB: Amazon Lending Review
The Better Business Bureau is a nonprofit organization that collects and provides free business reviews to consumers and businesses in the US and Canada. You can visit the Better Business Bureau website to view the full Amazon review. As of August 22, 2023, Amazon is not rated on the BBB website and has no customer reviews. It is important to note that Amazon received 36,035 customer complaints in the past 3 years.
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