US e-commerce giant Amazon is offering its customers small business loans thanks to its partnership with Goldman Sachs. SME firm business loans could be offered to Amazon customers as early as March, according to anonymous sources speaking to the Financial Times. Despite lending already being a part of Amazon’s services to third-party sellers, this offer will dramatically increase its lending capabilities and without any associated credit risk of regulatory obligations.
J&P comments
Amazon has been borrowing its customer small business loans for ten years now, by using the data that it holds on them to make a quick decision. And, last year the company had outstanding small business loans of $863 million.
