Should You Use Amazon Lending If You Are An eCommerce Seller?

Amazon offers a service to lend money to eCommerce sellers on their platform, called Amazon Lending...but is it worth it? In this video we break down the pros (fewer) and cons (more) of taking a loan directly from Amazon. We explain the hidden "gotchas" to look out for and we we offer alternatives to Amazon as a small eCommerce business lender.

00:00 - Introduction
00:15 - Reasons eCommerce sellers need loans
01:31 - Traditional sources of business funding
01:50 - What is Amazon Lending
02:20 - Is Amazon Lending good for the borrower
02:50 - The introductory interest rate
03:15 - Taking out a second loan
04:10 - Amazon loans are not flexible
04:58 - Promotional offers from Amazon
05:35 - What it means for your business
05:48 - Other eCommerce loan options

Create Something With Onramp is brought to you by Onramp Funds. We are a different kind of lender, specializing in helping eCommerce sellers grow. On this channel, we have assembled experts in a variety of eCommerce selling areas like shipping, inventory management, legal, marketing, Amazon, BigCommerce, Shopify, and more. The goal of Create Something With Onramp is to build a community of sellers on Youtube by answering questions and providing value to everyone who watches and subscribes.

At Onramp Funds, we work for you, not the other way around, and we provide expertise and close partnerships with you to optimize every part of your business. We don't succeed unless you succeed. Our loans are different from the loans of traditional lenders because we look at your sales history, never your personal credit. Once you've accepted your cash, Onramp lets you pay us back when your inventory sells.

Check out https://www.onrampfunds.com to learn more about how Onramp Funds can help your eCommerce business grow and succeed!

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