[abfunders]

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?

[Funder Mark]

Only way to see it would be if you see the deposit.

[abfunders]

Only way to see it would be if you see the deposit.

So would you guys look at that as a position or not?
Assuming you see it.

[Funder Mark]

I guess it depends what % of their total volume comes from Amazon, and what the split is. Its essentially a cc split.

[abfunders]

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.

[Jstarr]

https://www.bloomberg.com/news/artic...gains-momentum

https://www.fundera.com/blog/amazon-lending