There is nothing better in the world than growing your business. If you are working as an Amazon retailer, it is especially important to take your business to the next level. This is only possible if you increase your inventory. To increase your inventory, you often require working capital or thousands of dollars as savings in your account. Here in this article, we will discuss ways to get Inventory Funding for Amazon resellers.
Grow your business on Amazon mostly. You require financial help, and for that, you take loans. Taking a loan to expand your business is a big step. There are many things to look after. For example, if you get funds way before, then your business revenue potential is ready to take off, and you can end up in debt. If you do not apply for it sooner and wait too long, you may miss a great opportunity. So, to grow your business getting Inventory funding for Amazon resellers at the right time is important.
Peer to Peer Funding (P2P)
This is one of the best ways to get funding for your Amazon inventory. In this type of funding, you must post the amount on a peer-to-peer lending site and tell them what you want to pay in interest. This way, you will specify your potential. After that, the potential lender will bid on your loan. To get peer-to-peer loans, you need to have a great credit history.
Inventory Line of Credit by BitX Funding
There is another way t get business funding as an Amazon reseller is through a Line of credit from BitX Funding. Unlike banks and other lenders, BitX Funding looks for Business ideas and business data instead of credit scores.
To get this loan, you must link your services with your business, and BitX Funding will review all of them immediately and know about your business’s health. Your funds will be transferred to your account in time. BitX will audit your inventory and provide an inventory line of credit up to 80% of inventory value. BitX FUNDING is determined to provide working capital to small businesses on Amazon. We have specially designed loans for online retailers like Amazon Resellers.
In the last few years, Amazon has taken the initiative to help its sellers. Amazon is providing direct loans to them to increase their inventory. This program allows Amazon sellers to borrow a specific working capital to support their business. This Amazon lending program is like a Line of credit with a quite simple application process.
In this working capital, the amount is smaller than traditional loans but sufficient to support your business. The best thing about Amazon lending is that the money can be available fast. Amazon views your profile and knows that you fit in your loan program. So, to get a loan, you must show a great sales history.
So, these are some of the simplest ways through which you can apply to get inventory funding for Amazon resellers.
BitX Funding is an 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 are passionate about helping your company reach its full potential.