{"id":9878,"date":"2018-06-15T08:28:33","date_gmt":"2018-06-15T08:28:33","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9878"},"modified":"2018-08-10T06:29:53","modified_gmt":"2018-08-10T06:29:53","slug":"amazon-partners-with-bank-of-america-for-lend-tech-leap","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/amazon-partners-with-bank-of-america-for-lend-tech-leap\/","title":{"rendered":"Amazon partners with Bank of America for lend-tech leap"},"content":{"rendered":"<p>Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program that makes loans for firms that find it difficult getting traditional business loans. Loans are made of between USD 1,000 and USD 750,000, with terms of up to 1 year. In June 2017, Amazon said it issued more than USD 1 billion in loans during the previous 12 months, compared to the combined USD 1.5 billion in the four years prior to that.<\/p>\n<p>Although the exact details of the partnership are unknown, partnering with Bank of America allows Amazon to reduce its risk and access capital as it works to provide credit to more merchants.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9878 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='\u201cThe Innovator\u2018s Solution: Creating and Sustaining Successful Growth\u201d by Clayton Christensen and Michael Raynor'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-innovators-solution-creating-and-sustaining-successful-growth-by-clayton-christensen-and-michael-raynor\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2016\/10\/51qWWOy59TL._SR600315_PIWhiteStripBottomLeft035_PIAmznPrimeBottomLeft0-5_PIStarRatingFOURANDHALFBottomLeft360-6_SR600315_SCLZZZZZZZ_-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-3677\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-3677'>\n\t\t\t\t\u201cThe Innovator\u2018s Solution: Creating and Sustaining Successful Growth\u201d by Clayton Christensen and Michael Raynor\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='First school of digital economics in Russia'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/first-school-of-digital-economics-in-russia\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/03\/first-school-of-digital-economics-in-russia-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12457\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12457'>\n\t\t\t\tFirst school of digital economics in Russia\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Robinhood\u2019s epic failure launching a new checking\/savings product'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/robinhood-s-epic-failure-launching-a-new-checking-savings-product\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/robinhood-s-epic-failure-launching-a-new-checking-savings-product-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12246\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12246'>\n\t\t\t\tRobinhood\u2019s epic failure launching a new checking\/savings product\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Amazon is partnering with Bank of America as part of an effort to expand its lend-tech program for small businesses that sell on Amazon. Amazon Lending is an invitation-only program that makes loans for firms that find it difficult getting traditional business loans. Loans are made of between USD 1,000 and USD 750,000, with terms &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9916,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[407,129,141],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9878"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878\/revisions"}],"predecessor-version":[{"id":10023,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9878\/revisions\/10023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9916"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}