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 firstname.lastname@example.org or apply online and we can guide you on which loans are the best fit for your business.
Amazon Lending is a program initiated by BitX Funding; this lending program offers short-term business loans, invoice funding, and ABL lending to qualified sellers so that they can finance the additional costs for inventory to sell through any delayed marketplace.
Ecommerce loans are available to qualified sellers, and loan amounts range from $1,000 to $20 million. Amazon loans, invoice funding, and lines of credit are available to startups and large organizations.
BitX Funding can support approved Ecommerce sellers and non-sellers as they are a marketplace for small business loans. However, if you are wondering what the Ecommerce Lending requirements are, see below:
No More than 3 UCC from Financing Companies or Banks
BitX Funding is a marketplace for small business loans, and they offer SBA, ABL, Factoring, short-term loan, mid-term loans, and more so everyone is welcome. For eCommerce businesses factoring and asset-based lending (inventory) is two great methods to get the funding you need to grow.
Lending programs are open to all businesses, if you sell through Amazon, Walmart, eBay, Tophatter or Newegg, BitX Funding can connect you with the best funding options.
Amazon Lending is a unique financing option since Amazon loans are only restricted to sellers on the Amazon market platform but with BitX you have options.
Suppose you are associated with the business operations on Amazon. In that case, there are possibilities that you need extra inventory to fulfill the orders, using BitX Funding Marketplace may be a reasonable option.
With BitX Funding all you need to do is put in an application Apply Now and an account representative will reach out to discuss your goals and the best loan option.
Repayment Terms with Amazon Lending:
When factoring Amazon Invoices expect to be advanced 80% of the invoice with a 20% hold back with a 2% fee. Once the invoice is paid the lender will deduct their fees and release the difference.
Loan Amounts from Amazon Lending:
Amazon Lending programs powered by BitX Funding have loans ranging from $1,000 to $20 Million.
Amazon Loan Terms:
Amazon Lending offers short-term financing for your business solutions via Factoring, Short-Term Loan, Mid-Term Loan, Line of Credit, ABL, and more.
Amazon Loan Interest Rates:
Amazon lending programs are essentially a form of inventory financing—you can use these funds to replenish or augment your Amazon inventory.
Amazon Line of Credit
In the pandemic times, Amazon recently had its handoff to a credit underwriting with an outside company. Its current loan products entail the Amazon Business Prime Credit Card and the Amazon Business Credit Card. They are underwritten by Amazon, although they’re issued in partnership with American Express.
Under the agreement, targeted consumers would be invited to apply for lines of credit up to $1 million with APRs ranging from 6.99% to 20.99%.
Amazon Lending approves loans that range from $1,000 to $750,000 via invitation only. Interest is typically calculated over the terms chosen, and Amazon deposits funds directly into the seller’s bank account within a couple of days.
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.