Amazon Lending
in Business Loans
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Overview
Where does Amazon Lending do business?
Amazon Lending is a direct lender based in Seattle, WA. It was founded in 1994 and offers access to business loans in 50 states (and Washington, DC).
What are Amazon Lending’s rates?
Amazon Lending offers business loans with fixed APRs starting from 6% and up to 14%.
Does Amazon Lending charge an origination fee?
Yes, Amazon Lending charges a loan origination fee.
What limitations does Amazon Lending set on the purpose of the loan?
Some lenders only provide business loans for certain purposes. Amazon Lending considers loan applications for the following reasons:
- Business Debt Refinance
- Equipment Purchase
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Amazon Lending offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Amazon Lending provides access to the following business loan types:
Does Amazon Lending charge prepayment fees?
Yes, Amazon Lending charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.
How much can you borrow from Amazon Lending?
Loan amounts start at $1,000 and go up to $750,000.
What is the maximum loan term you can get with Amazon Lending?
Amazon Lending offers business loans with a maximum term of 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for a loan with Amazon Lending?
Applicants with a credit score of at least 640 can apply for a loan via Amazon Lending.
Amazon Lending does not require borrowers to have been in business for a minimum number of years.
U.S. citizens, permanent residents, and non-residents can all apply for a Amazon Lending loan. Amazon Lending will also consider borrowers who are unemployed.
To qualify, applicants may need to provide the following documentation:
What is the estimated funding time for a business loan via Amazon Lending?
Amazon Lending can approve (or deny) a loan application within 72 hours and fund business loans within 1 business day of approval.
Contact
- Headquarters
-
PO Box 81226
Seattle, WA 98108 USA - Visit Site
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
- Active Duty Military
- Military Dependent
- Non-Military
- Veterans
- Non-Residents Through Entities Incorporated in the U.S.
- U.S. Citizen
- U.S. Permanent Resident
- Non-Resident
- Employed Full-Time
- Employed Part-Time
- Other
- Retired
- Self-Employed
- Unemployed
- Proof of Identity
- Proof of Income
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