Episode 33: Working With Amazon Lending
In today\u2019s episode, we talk about the Amazon lending program. We discuss the different parameters that determine the customized offers they make to each seller. We explain how the program works and highlight why we, at BuyBoxer, chose Amazon Lending above other services. We also explain the particulars of why we now want to switch to another service. We talk about their policies and how they are strictly enforced, as well as some of the pros and cons of using their program. We explain our experience in trying to knock out our Amazon Lending with a lower interest rate and a slower paydown, which is beneficial for both sides. This is through a company called Fundwise, with whom we\u2019ve set up an affiliate link for listeners of this podcast, the link for which is included below.
-What is Amazon Lending? 2:13
-Amazon Lending\u2019s Enforcement of Policies 6:11
-Replacing Amazon Lending With Fundwise 12:12
\u201cThe first thing I\u2019ll ever suggest is that you know what you\u2019re going to be using that money with, and that you have a very well thought out plan: you know your profit-margins, you know the interest you\u2019re going to be paying on it for the term of that loan, and that the ROI that you\u2019re going to be getting, because of that loan, is higher than that.\u201d 11:12
https://apply.fundwise.com/smartestseller
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