Amazon has launched a flexible financing solution for small and medium-sized businesses in the UK. Sellers can now apply for a cash advance of up to two million euros, which will be repaid based on their sales.
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This new option is a revenue-based model, with loans ranging from £500 to £2 million. It eliminates the need for extensive paperwork and charges a fixed fee. Repayments are tied to a percentage of future sales and are only required when a sale is made, providing protection during quieter periods. To be eligible, businesses need at least three months of trading history on Amazon and can apply through Seller Central, with the application being submitted to financing provider "YouLend" for verification and approval.
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