Amazon has launched a flexible financing programme for small and medium businesses in the UK, in partnership with the London-based finance firm YouLend.
Businesses that sell products through the marketplace can apply for funding from £500 up to £2m, depending on affordability through their existing business accounts, which allows them to “repay as they earn”.
Once accepted, sellers pay a single fixed fee with repayments tied to a percentage of their future sales on Amazon, creating greater cash-flow flexibility.
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Repayments are then only required when sellers make sales, protecting them during quieter periods.
YouLend chief commercial officer Jakob Pethick said: “Supporting businesses is core to our mission,”
“That is why we are pleased to partner with Amazon to support the growth of their sellers by providing fast, flexible, and affordable financing. Amazon sellers will now be able to access revenue-based financing from YouLend to thrive and grow.”
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