The maximum amount is 2 million! Amazon is going to lend money to sellers again

Amazon's official UK website announced today that it has reached a partnership with YouLend to provide more convenient and faster financing for small businesses selling on Amazon, and allow sellers to repay based on their sales.

Amazon has launched a flexible financing program that enables businesses to access funds tied to their sales and allows them to pay them back as they earn money. The Merchant Cash Advance service, in partnership with leading financing provider YouLend, will provide a new financing option for eligible UK businesses selling on Amazon UK, independent of Amazon Lending’s regular business loans, and providing businesses with greater cash flexibility.

This new revenue-based financing model means merchants can enjoy transparent, capped interest rates and repayments based on current sales while they grow their business, add inventory, acquire new equipment or expand marketing. The service is simple to apply for, available in days, with no fixed terms or late fees.

Businesses can apply for funding from a minimum of £500 to a maximum of £2 million through their existing Amazon UK account , depending on their ability to afford it, and there is no need to complete other lengthy documents. Once the application is accepted, sellers only need to pay a fixed fee, and the repayment amount is proportional to their future sales on Amazon. Repayment is only required when the seller completes the sale, which can protect sellers during the slow sales season.

  With more than 100,000 UK SMEs and brands selling products on Amazon, Amazon is committed to providing businesses with opportunities to grow. As part of this commitment, Amazon Lending will work to provide businesses with a wider variety of financing solutions to meet their needs, whether it is greater flexibility or fixed-term working capital loans.

Samarth Gogia, who works in GM B2B Payments and Lending, said that he heard that sellers on the UK site attach great importance to fast, flexible and accessible financing options, so the company launched the merchant cash advance service, which will expand the company's range of funding options for sellers.

Jakob Pethick, Chief Business Officer of YouLend, said that supporting businesses is the core mission of YouLend, so the company is pleased to provide platform sellers with fast, flexible and low-interest funds through cooperation with Amazon to support the development and growth of sellers.

Raymond Pucci, director of global consumer and small business lending research at IDC , commented that because most traditional bank lenders have tightened commercial loan standards, small businesses have difficulty obtaining working capital, which is important to their success; the new financing program provided by Amazon in cooperation with YouLend is extremely valuable to a large number of businesses, especially start-ups and those that do not meet the conditions for regular loans.

In terms of application conditions, companies need to have at least three months of transaction records on Amazon. Amazon acts as an intermediary and provides this service to sellers through Seller Central. Sellers can check their application qualifications and quotas in Seller Central, and the application will be submitted to YouLend for verification and approval.

Amazon

U.K.