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Goldman Sachs wants to lend small businesses on Amazon

The bank has been working on software that would allow it to plug into Amazon’s existing loan platform. Small and medium businesses account for more than half of everything sold in Amazon's stores. 

Amazon started its small business lending operation in 2011, using algorithms to help determine which businesses should receive money. The loans are for 12 months or less and range in size from $1,000 to $750,000, Amazon said

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goldman sachs, amazon, banking