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)
Amazon Lending offers business loans with APRs ranging from 6% and up to 14%.
Yes, Amazon Lending charges a loan origination fee.
Some lenders only provide business loans for certain purposes. Amazon Lending offers considers loan applications for the following reasons:
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:
Yes, Amazon Lending charges borrowers with a late payment fee.
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.
Loan amounts start at $1,000 and go up to $750,000.
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.
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.
Amazon Lending will typically approve (or deny) a business loan application within 72 hours and fund the loan within 1 business day of approval.
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