Looking to make selling more accessible for businesses on Amazon, the global e-commerce platform, TradeBridge, the multi-currency funding firm, has launched Term Financing.
Term Financing will offer sellers access to funds of up to £5million based on their Amazon business revenue and performance, providing a simple way for them to expand operations. The new service will provide sellers with greater flexibility when choosing a term that suits their preferred monthly repayment schedule. They can also select the date for the funds to be deposited in order to support key business activities.
In order to optimise cash flow, they are also able to determine the repayment date that best fits their business needs and accounting schedule. Offers remain valid for 30 days.
“We know from our sellers in the UK that term financing options are an important means for increasing cash flow, and growing and expanding their businesses,” said John Boumphrey, Amazon UK country manager.
“Term Financing will benefit a range of sellers on Amazon, whether they are looking to simply better manage cash flow or support larger scale investments like infrastructure and technology upgrades. We remain committed to supporting the growth of small businesses in our stores by providing them with flexible, accessible funding options.”
“The lack of impactful funding for SMEs is preventing many great businesses from realising their true potential,” said Seb Miles, co-CEO of TradeBridge. “Online sellers need fast access to funding to seize growth opportunities. This partnership empowers ambitious marketplace SME’s to scale. We are delighted to have been selected by Amazon to be one of two funding partners for their UK sellers.”
Getting approved
The Term Financing application process is simple and fast, with no obligation, and no hidden fees. Applicants can expect to hear a response in as little as two hours, and finance terms are clearly stated upfront. Businesses require a minimum of six months’ trading history on Amazon before they are eligible to apply. Eligible sellers will receive an invitation to apply for term financing on Seller Central. TradeBridge will process all applications.
