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  1. #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?

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Only way to see it would be if you see the deposit.

  3. #3
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    Quote Originally Posted by Funder Mark View Post
    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.

  4. #4
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    I guess it depends what % of their total volume comes from Amazon, and what the split is. Its essentially a cc split.

  5. #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.

  6. #6
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

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