We’ve been hearing about it for a while, but it’s in full swing. Amazon.Com is officially lending money!
Below is a copy of an email received by a current Amazon.Com Seller:
Amazon is always looking for ways to help our sellers grow. Your seller performance has prequalified you to become one of the hundreds of sellers that use Amazon Lending to grow their revenue and profits, faster.
What is available?
Up to $335,000 loan available with a one page loan registration
Money can be advanced to your account in as little as 2 days
What’s the cost?
The total interest cost is less than $3 for every $100 you borrow*
No origination fee or pre-payment penalty
Amazon Lending is a fast and easy way to fund your business. To access Amazon Lending on Seller Central, sign in with your Selling on Amazon Primary Account holder user id and password.
*Assumes on-time payments on a four month loan. See loan registration page for loan details, terms, and conditions.
This invitation is subject to eligibility and expires on Jun 13, 2013.
Registration for Amazon Lending is by invitation only.
So there you have it folks – Amazon joins the lending industry!