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  Amazon Lending

Amazon Lending

in Business Loans from Amazon

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Amazon Lending

Unaffiliated

in Business Loans from Amazon

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Highlights
Highlights
Loan Amount $1,000 - $750,000
APR 6% - 14%
Loan Term Up to 12 months

Amazon Lending Review

Where does Amazon Lending do business?

Amazon Lending is a business financing offering by Amazon, a direct lender based in North Seattle, WA. Founded in 1994, Amazon offers access to business loans in 50 states (and Washington, DC).

What are Amazon Lending’s rates?

Amazon Lending offers a business financing product that ranges from 6% APR up to 14% APR.

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?

Amazon Lending considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • 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:

  • Unsecured term loans

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 Amazon Lending?

Amazon Lending does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 640 and up to 850 are eligible for Amazon Lending.

Amazon Lending does not have or does not disclose a minimum annual income eligibility requirement. Amazon Lending will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Amazon Lending. Their rates fall within the limits of The Military Lending Act.

U.S. citizens, permanent residents, and non-residents can all apply for a Amazon Lending loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity

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.

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Contact

  • Headquarters
  •   410 Terry Ave
    North Seattle, WA 98109 USA
  •   Visit Site

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • 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

Credit Score Range 640 - 850
Immigration Status Considered
  • Non-Residents Through Entities Incorporated in the U.S.
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $1K - $750K
Loan Term Up to 12
APR 6% - 14%

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