Amazon Community Lending pilot program with Lendistry is now a long-term offering
A year after its successful pilot, our Amazon Community Lending program is now a long-term offering to help even more sellers grow. In partnership with Lendistry, the program will continue to support urban and rural small businesses in socially- and economically-distressed communities through short-term loans at competitive and affordable rates.
Since its launch in 2021, Amazon Community Lending has loaned over $35 million to over 800 sellers - surpassing our original goal of $10 million during the pilot. Now, the program plans to loan over $150 million in the next three years to small businesses selling in the Amazon US store.
Amazon believes that an infusion of working capital at the right moment can help sellers succeed. Through our partnership with Lendistry, an established minority-led Community Development Financial Institution (CDFI), we can now help reach urban and rural small businesses in socially- and economically-distressed communities.
Small businesses approved for a loan from Lendistry through the Amazon Community Lending program can build their brand and grow their customer base by using the funds for strategic business needs, such as staffing and operations, inventory, marketing, and product development and manufacturing.
All US-based sellers are invited to learn more and determine if the financing options from Lendistry are the right fit for their business needs. Business owners who identify with communities that Lendistry serves are encouraged to apply. This includes traditionally low-to-moderate income communities, minority-owned businesses, and other historically disadvantaged business owners and the communities they serve.
Go to Amazon Lending to find out more.
Amazon Community Lending pilot program with Lendistry is now a long-term offering
A year after its successful pilot, our Amazon Community Lending program is now a long-term offering to help even more sellers grow. In partnership with Lendistry, the program will continue to support urban and rural small businesses in socially- and economically-distressed communities through short-term loans at competitive and affordable rates.
Since its launch in 2021, Amazon Community Lending has loaned over $35 million to over 800 sellers - surpassing our original goal of $10 million during the pilot. Now, the program plans to loan over $150 million in the next three years to small businesses selling in the Amazon US store.
Amazon believes that an infusion of working capital at the right moment can help sellers succeed. Through our partnership with Lendistry, an established minority-led Community Development Financial Institution (CDFI), we can now help reach urban and rural small businesses in socially- and economically-distressed communities.
Small businesses approved for a loan from Lendistry through the Amazon Community Lending program can build their brand and grow their customer base by using the funds for strategic business needs, such as staffing and operations, inventory, marketing, and product development and manufacturing.
All US-based sellers are invited to learn more and determine if the financing options from Lendistry are the right fit for their business needs. Business owners who identify with communities that Lendistry serves are encouraged to apply. This includes traditionally low-to-moderate income communities, minority-owned businesses, and other historically disadvantaged business owners and the communities they serve.
Go to Amazon Lending to find out more.
58 replies
Seller_nstkdGWZl0SW0
Dear Amazon
This is another of your insulting political pandering and discriminatory programs.
The message you are presenting is you only are interested in success of sellers on demographics.
Seller_sUfyk7ajzPzny
In the interest of full disclosure of possible pitfalls, courtesy of our friend @Analog_Cases :
Seller_hz4DhHsMjIGIp
Does anyone have an offer from them? I don’t see it on our page? What are the terms if you do have it?
Seller_JSkKTxOgzk1ON
I definitely choose to identify myself this way, so I am eligible, right?
Seller_ki9YmH7WmdpHv
“Any content translated prior to this experience was translated for convenience only. By continuing, you understand your experience here and forward is English only.”
Spin the wheel to find out your interest rate!
“tonight tonight, my plans I make, tomorrow tomorrow, the baby I take. The queen will never win the game, for Rumpelstiltskin is my name”
Seller_1UjgrsBO52hr3
When I first read this headline, my eye skipped over the “i” in pilot, so I laughed pretty loudly when my brain interpreted the title as “Amazon Community Lend Plot Continues”
Seller_2PLlzyw2flm0Q
Just another program that looks at you based on your skin color and not your individual needs. I can remember a time when discriminating based on skin color was illegal. Now, it seems to be encouraged. What an upside down world we are now living in.
Seller_LvikvLIShLw0U
Is this like a student loan =any time someone wants to help them selves to you-ASK what’s it gonna cost ME -did a lot of clicking on the blue -no interest rate—
Seller_kIukTwdhvntAp
That's lovely BUT since this is catering to newer and smaller sellers -- never mind the demographics profiling -- is AMAZON going to REQUIRE that these sellers financing a BUSINESS actually have studied Seller U and read the Forum posts about all about the "suspended for dropshipping" and "suspended for RA", etc?
OR is Amazon merely looking for "feel good" programs that WILL bury a lot of these sellers in debt when their accounts are suspended by AMAZON?
When Amazon Lending was the only source there was a major incentive for AMAZON to at least work a bit with a seller that got in trouble.
Now, Amazon has chosen (wisely, given the economic outlook) to walk away from any higher risk loans and has NO REASON to work with a seller that has violated the rules because Amazon no longer has any flesh in the game.
How good are you going to feel when a bunch of people didn't follow the rules (because they didn't bother reading about the rules) get suspended and IN DEBT for doing what you promoted?
Start requiring proof that people have studied policies PLEASE. At ALL levels, not just for this program.
Seller_ki9YmH7WmdpHv
This is disgusting!
IF AMAZON really cared they would just lower their seller fees from 30 percent to 20 percent and 10 percent if they don’t have a leg or an arm and free monthly if they have lost their head!
