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08-29-2017, 12:54 PM #1
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Amazon Lending
It doesn't appear that they show up on the bank statements.
They seem to be much like a CC split cash advance, where the loan is paid back from the sales on Amazon. Which means that their Amazon profit margin is reduced. I think they take a lien on the inventory as collateral.
Is it called a "position" for a funder? MCA, Bluevine, Funding Circle, Bank, etc...
Does Amazon loans file a UCC? How would a funder know about it?
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08-29-2017, 12:57 PM #2
Only way to see it would be if you see the deposit.
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08-29-2017, 12:59 PM #3
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08-29-2017, 01:01 PM #4
I guess it depends what % of their total volume comes from Amazon, and what the split is. Its essentially a cc split.
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09-06-2017, 01:54 PM #5
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I think I answered my question.
Any normal underwriter will do a UCC search. Amazon files a UCC. It's a pure monthly installment loan. If client doesn't make sales that month to cover the payment, they withdraw the remainder as an ACH from his bank account.
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09-06-2017, 09:25 PM #6Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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