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Amazon.com Expands Program Offering Business Loans To Sellers In 8 Countries

June 29, 2015: 12:00 AM EST
Amazon.com Inc. plans to expand its program providing business loans for small sellers to include eight more countries, including China. Previously available only in Japan and the United States, Amazon Lending will offer short-term working capital loans in the countries where it runs a third-party, seller-run marketplace business. In addition to China, the other countries are Canada, France, Germany, India, Italy, Spain, and the UK. Not available to all sellers on Amazon's platform, the service is on an invite-only basis. Other online retailers, such as PayPal and Alibaba Group Holdings, are also offering credit services to expand their vendor base.
Nandita Bose, "Exclusive: Amazon to offer loans to sellers in China, 7 other countries", Reuters, June 29, 2015, © Thomson Reuters
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