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 APRs ranging 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 offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

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 a late fee?

Yes, Amazon Lending charges borrowers with a late payment fee.

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. Active duty servicemembers and their covered dependents cannot apply for a loan via Amazon Lending. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

What is the estimated funding time for a business loan via Amazon Lending?

Amazon Lending will typically approve (or deny) a business loan application within 72 hours and fund the loan within 1 business day of approval.

  • Credit Score Range
    640 - 850
  • Business Loan Type
    Unsecured Term Loan
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Approval Speed (Hours)
  • Funding Time Range (in days)
    1 - 7
  • Loan Amount
    $1000 - $750000
  • Loan Term Range (Months)
    Up to 12
  • APR
    6% - 14%
  • Max Loan Term (Months)
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for Amazon Lending

Rate your experience: