Fund projects and purchases that drive your business forward.
Stop Worrying About How to Get Inventory Financing for Amazon?
If you’re looking to expand your Amazon retail business, one great way to do so is by diversifying your inventory or products. However, this usually requires having additional working capital, which can be hard to have unless you look at outside sources.
Deciding when (and how) you want to obtain small business funding for your business is a big, but important, step. Getting funding before you have a steady revenue can hurt your business – you could find yourself in debt and unable to pay the loan back. But waiting too long for funding can hurt your business as well – you may miss out on potential growth opportunities or miss out on vendor deals.
With BitX Funding you can get access to a large inventory line of credit to grow your business. With Amazon you are capped at $1 million in available credit so how can you grow your inventory from there? You can’t unless you are taking out expensive MCAs that steal all your profit margin. At BitX Funding, we will provide you with proven Amazon inventory financing for Amazon Power Sellers to grow past $1 million in inventory.
If you are looking for a line of credit and are sitting on significant equipment or inventory, you can leverage those assets by securing Amazon inventory financing. Proceeds can be used for acquisition, unexpected expenses, or for general working capital needs.
We will evaluate the liquidation value of the equipment/inventory and assign a value. You can elect to draw down on the line at will and only pay interest costs monthly, like a home equity line of credit. We will advance either the lower of cost or the Net Orderly Liquidation Value.
As with all asset-based lending, the cost varies for each transaction. The monthly percentage is based on:
Inventory financing is a good way to leverage existing goods for additional purchases. Unlike AR or PO, this functions more like a traditional line, with interest-only payments until maturity for only the portion of principal your drawdown.
From the time you submit the Amazon inventory financing application and due diligence materials, it takes approximately a week to underwrite, after which an appraiser is sent to value inventory. To close the process takes approximately 3-4 weeks.
The initial submission for qualification consists of:
BitX Funding is the online marketplace for small business owners looking to fund a project. We specialize in connecting small business owners with lenders who will compete for your business. We believe small business owners drive the economy and we are passionate about helping your company reach its full potential. Using our Amazon inventory financing services, we can help ensure you receive the funding needed to grow your business.
You can reach a loan specialist toll-free at 1-800-824-2407, or email email@example.com or apply online and we can guide you on which loans are the best fit for your business.
BitX Funding is your online marketplace for small business loans. From SBA, start-up lines of credit, short-term loans, mid-term loans, invoice financing to merchant cash advances and lines of credit, BitX Funding is where lenders compete for your business. Our top-rated lenders focus on real-life business data and cash flow, which means you can qualify for a loan even if your credit score isn’t perfect. What differentiates us from the competition is that with a brief questionnaire our highly trained loan consultant will listen to your needs and match you with the appropriate funding. You can go at it alone and spend hours online trying to find funding for your business or you can have a one stop experience with BitX Funding and our direct connection with the lenders.