Amazon Lending is a direct lender based in Seattle, WA. The company was founded in 1994 and offers business loans to borrowers in Washington, DC and 50 states.
Amazon Lending offers business loans with APRs starting at 6% and up to 14%.
Yes, Amazon Lending charges a loan origination fee .
Yes, Amazon Lending charges additional fees to borrowers who pay off their loans soon 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 $1000 and go up to $750000
Amazon Lending offers business loans with terms of up to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments affordable. However, the longer the term of your loan, the more interest you will pay.
Amazon Lending only considers applicants who have a credit score of at least 640 to apply.
Active duty servicemembers and their covered dependents cannot apply for a loan with Amazon Lending. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
To qualify, applicants must provide the following documentation:
You must have a job to qualify for a loan.
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