Many people don't know it but Amazon Lending offers short-term business loans that range from $1k to $750k, mostly to those that use Amazon fulfillment services. Amazon has lent more than $1bn to SMBs in the last 12 months alone. All this begs the question, so what vertical does the ecommerce giant not touch?
“Customers expect to be able to buy LonoLife on Amazon. The loan from Amazon Lending gave LonoLife the ability to procure bulk raw materials and packaging to build inventory to keep up with incredible customer demand,” said Lawrence Holland, President of LonoLife Inc., based in Oceanside, Calif. “Amazon’s willingness to provide LonoLife capital ensured that we are able to keep our products in stock and gave us the opportunity to grow our product offering.”