Understanding How Amazon Lending Works

Amazon has gained popularity as a shopping destination for its wide array of products and swift delivery services worldwide. While it is the go-to shop for many essentials and purchases, only a few sellers know that Amazon financing options exist to assist in funding your business. In order to help optimize your store, it’s important to understand how Amazon Lending works.

When it comes to financing options for ecommerce businesses, Amazon Lending has gained popularity due to its convenience and accessibility. Amazon Lending’s requirements are easily attainable and allow many sellers to get funding quickly and easily through a platform they’re already using. However, it’s important to explore alternative financing options that may offer greater benefits and flexibility for online sellers. 

How Amazon Lending Compares To Other Financing Options

While Amazon Financing has its merits, considering other financing options can provide a more tailored and favorable experience for ecommerce entrepreneurs. Here is why:

  • Customized Funding Solutions. Unlike Amazon Lending, which primarily focuses on funding based on sales performance within the Amazon marketplace, alternative financing options offer more customized funding solutions. These options understand that ecommerce businesses have diverse needs, providing growth capital that can be used for various purposes beyond inventory purchasing.
  • Transparent, Competitive Terms. While Amazon Lending might offer quick access to funds, the terms and fees associated with their financing can be less transparent compared to alternative options. Other financing options emphasize affordability with transparent fees and flexible settlement schedules. 
  • Complete Business Support. Amazon Lending primarily focuses on funding and may not provide comprehensive support beyond that scope. In contrast, other financing options offer a holistic approach to support ecommerce sellers. In addition to growth capital, these options provide additional services such as business checking accounts, automation of back-office tasks, sales planning tools and integration with various tools used by online sellers.
  • Personalized Customer Service. Amazon Lending, being a large-scale service, may lack personalized customer support tailored to individuals sellers needs. Other financing options prioritize exceptional customer service and building relationships with their clients. Their dedicated support teams understand the challenges faced by ecommerce entrepreneurs and work closely with sellers to provide personalized assistance.

At Viably, you can access funding solutions that help drive ecommerce growth, personalized to your business. Connect with us today to scale your business using our forecasting, funding, and banking tools on our all-in-one platform.

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