20% of Amazon sellers grossed more than $1 million in annual business revenues in 2019. That number is increasing at a steady rate every year. As an Amazon business gets bigger, so does its need for capital. If you are on the cusp of success, then don’t let temporary cash crunch prevent you from realizing your vision. Below are some companies that can help you with funding your Amazon business.
Choosing to use a service for your Amazon business is an important decision. While we do not recommend any services, as we are unable to test them all, we try to bring new services to your attention and give you enough data to make an informed decision. All always, try to check out any company you choose to do business with before signing up. 9
AMZ Seller Financing specializes in Amazon retail and have developed a proprietary algorithm that predicts the performance of your Amazon store and combines it with market analysis to offer you the right funding solutions.
Finance up to $500,000, with automated payments and approvals in as fast as one day. Approval is is related to your performance on Amazon rather than your personal credit. You must have a sales history for a minimum of 6 months on Amazon and should have sold items worth at least $30,000 in the last 6 months (at an average of $5,000/ month). You should have a good relationship with Amazon. Revenue advances can cost as low as 3% for 3 months. On the other hand, term loans can cost 14.99%.
A fixed monthly amount can be automatically deducted from your account which can also be timed to match your disbursement schedule with Amazon. So, you only pay when you get paid.
Dealstruck offers Amazon seller loans to help with everything from advertising to order fulfillment and more. They will help to bring your Amazon business to the top ranks and bring your business to a new level.
They offer bespoke eCommerce and retail loans that cater to the direct needs of Amazon sellers and the unique challenges they face. Their e-Commerce line of credit and term loans are great options for all Amazon sellers striving to be at the top of the pack.
1+ years in business
600+ personal credit score
$150,000 in annual revenue
Payability is the leading financing platform for eCommerce businesses, providing much-needed growth capital to thousands of seller-entrepreneurs based on their marketplace sales. Get paid on your Amazon sales as you make them instead of waiting for two weeks for Amazon to pay you.
Connect your eCommerce accounts and get approved within 24 hours, no credit checks or external documents required. Skip the traditional marketplace payout delay and get capital fast based on your eCommerce sales. The fee is usually 1-2% of gross sales.
They also offer a Visa card that will allow your marketplace payouts to be credited to the card, even on weekends. And you get 2% cash back on everything you spend with the card.
Don’t let cash flow and capital constraints get in the way of your sales growth. You can also get an advance from Payability. No credit check is required, advances will be based on your marketplace sales and account health. You could get up to $250,000 today.
SellersFunding helps up-and-coming e-Commerce sellers gain access to the capital they need to grow in a frictionless, easy, fast and data-driven approval process. They offer term loan and revenue advances with competitive rates and terms that suit sellers’ needs. Also, get up to 90 days before starting to repay your funding.Apply, connect and get approved online. Applying only takes 3 minutes and doesn’t impact your credit score. Only incorporated businesses (LLCs, LLPs, Inc) can apply.
Term loans have rates as low as 14.99% with 6-12 month terms and amounts up to $500,000. Revenue Advances have a flat fee of 3% for 3 months and amounts of up to $250,000.