Is Amazon Lending Only Done Through Outside Vendors Now?
Good morning!
Is Amazon still offering loans directly or is everything now through outside sources such as Goldman Sachs or Parafin?
I ask because I normally get refinance invites and I have not received any. I have paid off 65% of this loan on time with growth in sales and inventory size.
Doesn't make sense why we haven't received a refinance invite from Amazon Lending but we still get monthly emails from Parafin and Goldman Sachs.
Please advise.
Is Amazon Lending Only Done Through Outside Vendors Now?
Good morning!
Is Amazon still offering loans directly or is everything now through outside sources such as Goldman Sachs or Parafin?
I ask because I normally get refinance invites and I have not received any. I have paid off 65% of this loan on time with growth in sales and inventory size.
Doesn't make sense why we haven't received a refinance invite from Amazon Lending but we still get monthly emails from Parafin and Goldman Sachs.
Please advise.
0 yanıt
Seller_Qbd0RsfZFEZBY
Amazon lending is still sending out refinance about halfway through the term. The APR is up though and the term length is down. We usually do 1 year terms at like 9% amoritized down to like 4%.
Our current ReFi offer is for 6 months at 13%, we are passing, doesnt make sense.
We use the Goldman Sachs too, its not bad, easy to use
Seller_Qbd0RsfZFEZBY
I have not but wouldnt be suprised that it is a business decision, risk v benefit. Maybe a dash of economic uncertainty and a splash of a bullish share price
Seller_VRJ7j76xYSGDJ
at minimum they've slowed things down recently. we basically have always had a lending offer available, but nothing for a while.
Seller_Bbq8c8PRMToKQ
Haven't received one since August/September 2023, and I used to get offers quarterly.
Seller_D1G8YlZDXwpwD
Amazon will no longer underwrite loans for sellers in its $140 billion Marketplace business
Fortune March 7th
Well there's the answer :)
Seller_Qbd0RsfZFEZBY
Yes, I have 1 loan thats about halfway through and 1 refi offer
Topher_Amazon
Hi @Seller_D1G8YlZDXwpwD, sorry I'm just seeing this thread but wanted to be sure to reply.
To confirm, Amazon regularly reviews our programs and services, and we have made the decision to focus on third-party lending products and discontinue term loans underwritten by Amazon. These changes are only applicable for US and UK-based sellers who currently have term loans underwritten by Amazon or invitations to apply for a term loan underwritten by Amazon.
Topher
Seller_8ClZEW0n7Nx2A
Amazon is done with the lending program. It was reported in forbes website
Seller_WsdULSSIajCRd
That's what I saw in a news article recently. We haven't received a loan offer since last August when they used to offer 1.5-2M each month. We'll have our last Amazon loan paid off this month.
Fortunately we were approved for a credit line through Marcus and it is a lot better than the Amazon loans because we can use the capital longer.
