What's going on with Amazon lending?
Hi guys, does anyone have any idea whats going on with Amazon lending? We'e used the lending in the past but haven't had anything pop up for months now and with our sales only increasing I can't seem to get my head around why.
I've been in touch with other sellers and they all seem to be in the same boat. Tried getting in touch with the lending team but they seem to just send the same automated email to say if you're eligible it will pop up. Even been in touch with youlend and they weren't any help neither.
Be much appreciated if anyone knows anymore about this?
What's going on with Amazon lending?
Hi guys, does anyone have any idea whats going on with Amazon lending? We'e used the lending in the past but haven't had anything pop up for months now and with our sales only increasing I can't seem to get my head around why.
I've been in touch with other sellers and they all seem to be in the same boat. Tried getting in touch with the lending team but they seem to just send the same automated email to say if you're eligible it will pop up. Even been in touch with youlend and they weren't any help neither.
Be much appreciated if anyone knows anymore about this?
8 replies
Seller_fj3M54GkuGQyT
Not heard anything either. We usually get an offer in November and one in January but had neither.
Seller_t79vbQcq2NK09
We have not had any for quite a while, but in the last couple of weeks, I have seen it at least twice, although the offer is much lower than it used to be, but assume that is because we list less than we used to, so understandable really.
Seller_jU4kjOYUPfbQs
I have a current offer staring me in the face every time I open my account.
Seller_VajgQxjPiejKy
We're just going through our lending application. They are using YouLend as a lending supplier who dock 15-30% of your disbursements to pay it back. Same as what Shopify do. Much more affordable as they charge you a set fee, and then no matter how long it takes to pay it back you aren't charged any more interest. We are fairly new sellers, so am surprised we have had the offer but more experienced sellers haven't! Weird.
Seller_VajgQxjPiejKy
WARNING: Be VERY careful about your YouLend offer. All directors have to sign as personal guarantee (or at least we did!), and this was never told to us. Luckily I saw it in the contract before I signed. We won't be proceeding with any loans that have personal guarantees anymore.
