Students of How to Start an Amazon FBA Store on a Budget sometimes ask about Amazon’s lending program and whether new sellers can apply.
First of all, what is it?
It’s a lending program designed to help sellers build and expand their Amazon business with cash loans or credit lines for anything from $1000 to $750,000.
Who is it for?
The program is for small and medium-sized businesses selling on Amazon. However, not everyone is eligible. Sellers must have a sales history of at least six months, growing sales, and good account health, which means the program is unavailable to brand-new sellers.
Is it a good idea to borrow funds?
That depends on the seller’s circumstances and possibly on the type of loan. A cash advance is the least risky of the different loan types because it’s based purely on the seller’s predicted monthly sales. The seller can pay back more or less each month, depending on sales for that month.
How to apply for Amazon’s lending program
From Seller Central, type ‘lending program ‘ in the search bar. Alternatively, Google ‘amazon lending program’ to find the link relating to the marketplace you currently sell on (or plan to sell on).
Here’s the link for the US
https://sell.amazon.com/programs/amazon-lending
Are there other lending options for Amazon sellers?
Yes, several other websites offer loans and cash advances to Amazon sellers. Just Google ‘amazon seller funding’ or ‘amazon seller loans’.