Accounting for Amazon Business Loans [How to]
Estimated reading time: 3 minutes.
Updated January 2021.
Merchants who sell through Amazon can now secure dedicated ecommerce loans, but what does this look like in the books? In this article, we’ll explain eligibility, Amazon lending transactions, and how to record Amazon loan repayments. Lending for Ecommerce: Amazon Loan or Bank Loan? In 2017, Amazon announced that they had funded 20,000 businesses through Amazon lending. In 2020, they partnered with Goldman Sachs to provide lines of credit of up to $1 million for merchants selling on the Amazon platform.