Episode 33: Working With Amazon Lending

In today’s episode, we talk about the Amazon lending program. We discuss the different parameters that determine the customized offers they make to each seller. We explain how the program works and highlight why we, at BuyBoxer, chose Amazon Lending above other services. We also explain the particulars of why we now want to switch to another service. We talk about their policies and how they are strictly enforced, as well as some of the pros and cons of using their program. We explain our experience in trying to knock out our Amazon Lending with a lower interest rate and a slower paydown, which is beneficial for both sides. This is through a company called Fundwise, with whom we’ve set up an affiliate link for listeners of this podcast, the link for which is included below.

-What is Amazon Lending? 2:13
-Amazon Lending’s Enforcement of Policies 6:11
-Replacing Amazon Lending With Fundwise 12:12

“The first thing I’ll ever suggest is that you know what you’re going to be using that money with, and that you have a very well thought out plan: you know your profit-margins, you know the interest you’re going to be paying on it for the term of that loan, and that the ROI that you’re going to be getting, because of that loan, is higher than that.” 11:12

https://apply.fundwise.com/smartestseller

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