Do you want to grow your online business on Amazon and need funds for the same? Several financing options are available in the market and these financiers can lend for running capital requirements to grow the business. If you don’t have a customer base or are new to Amazon, then you are in need of funds as well as details about how to get started.
It is quick and easy to start as a vendor with Amazon, but understanding customers and growing require smart and hard work. It is always better to understand certain details before you apply for a business loan.
Starting business needs funding Banks or financial institutions offer the same, but that might seem to be a hard task. The online platform is growing day by day and banks need proof of a clear track record in order to lend loans.
There are also non-institutional vendors who are ready to give business loans to Amazon vendors.
Since 2012 the online selling platform Amazon started giving out business loans and this plan was extended to Japan and United States of America. From this year, Amazon has planned to give out loans to Indian small scale vendors. It has linked with 6 lenders including banks in India for providing loans. The features are:
FlexiLoans is a lending partner of Amazon and we have integrated our lending platform with Amazon. What that means is that a vendor can directly apply for a loan with FlexiLoans through their Amazon vendor portal and get updates of their loan application in one place.
The benefits that the vendor will get if they apply for a loan are:
When the vendor applies for a loan on their vendor portal, FlexiLoans will immediately receive the application and the loan process will start that moment itself. This will reduce the time it takes to process the loan application.
Due to the integration of FlexiLoans’ platform with Amazon, everything is automated which will reduce the chances of errors due to human intervention.
The vendors can see all updates of their loan application on their Amazon vendor portal itself.
The vendor will get to know about their loan application status on a real-time basis. Whenever there is a progress in their loan application, it will be updated on their Amazon dashboard immediately.
In order to maintain a rank as an Amazon vendor, the first approach is having a wide/large range of products to attract customers. The inventory should have all types of products and categories. Our loans can help you to purchase several products for better customer satisfaction.
In order to find your target customers, the marketing approach should be unique and smart. Amazon is a huge platform with around 300 million customers.
You have to maintain your existing debt so that your financial aids are all on point. With your entire debts in place, you have chances for a greater profit margin.
There are miscellaneous expenses in running a business on a daily basis. When you have a flow of money, then you can monitor all your expenses and this improves the cash flow of your business. From rent to wages, everything can be sorted.
Become an Amazon merchant first and after 6 months you can apply for a business with us. Follow these simple steps:
1. Documents Required
– PAN Card
2. Residential Address Proof (Any One)
– Rent Agreement
– Driving License
– Voter ID
– Ration Card
3. Last 6 months Current Account Bank Statement in Net Banking PDF format
4. Business KYC (Any One)
– GST Registration Certificate
– Shops and Establishment Certificate
Contact us today if you have 6 months experience as a vendor at Amazon. To become an Amazon seller go to Amazon Seller Login Portal.