Amazon has launched a new flexible financing scheme for small and medium-sized businesses which helps them with access to funding linked to their sales and allows them to “repay as they earn”.
In partnership with finance provider YouLend, the ecommerce giant an offer sellers cash advances that will give them a new flexible financing option to create greater cash-flow flexibility.
Businesses on the platform can apply for funding from £500 up to £2 million, depending on affordability through their existing business accounts.
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Once accepted, sellers pay a single fixed fee with repayments tied to a percentage of their future sales on Amazon.
However, repayments are only required when sellers make sales, protecting them during quieter periods.
“Supporting businesses is core to our mission,” YouLend chief commercial officer Jakob Pethick said.
“That is why we are pleased to partner with Amazon to support the growth of their sellers by providing fast, flexible, and affordable financing. Amazon sellers will now be able to access revenue-based financing from YouLend to thrive and grow.”
