Amazon Lending Alternative
Historically we have used different lending options to bridge the gap between accounts receivable and accounts payable. Even with terms it just makes it nice to keep a lump in the general account.
That being said Amazon lending is sorely missed. They offered great terms, amounts and the ease of use was unequalled. But Amazon went to only 3rd party lending some months ago and we explored those options but Parrafin and SellerFi terms, cost and ease of use are not good. So we went without for a while and it was fine but we recently explored a few more options like Lendistry, BOA and Uncapped.
Funny cause our accounts are with BOA but banks being banks they require alot, take forever and ultimatly we were denied. Lendistry had a terrible lag time so we eventually stopped trying...but this post is about Uncapped.
We were able to work with Uncapped. They did require documentation but they responded within 24 hours and while thier first terms didnt work for us we were able to work through that and they made a subsequent offer that did work for us.....
Just saying they are worth checking out.
Amazon Lending Alternative
Historically we have used different lending options to bridge the gap between accounts receivable and accounts payable. Even with terms it just makes it nice to keep a lump in the general account.
That being said Amazon lending is sorely missed. They offered great terms, amounts and the ease of use was unequalled. But Amazon went to only 3rd party lending some months ago and we explored those options but Parrafin and SellerFi terms, cost and ease of use are not good. So we went without for a while and it was fine but we recently explored a few more options like Lendistry, BOA and Uncapped.
Funny cause our accounts are with BOA but banks being banks they require alot, take forever and ultimatly we were denied. Lendistry had a terrible lag time so we eventually stopped trying...but this post is about Uncapped.
We were able to work with Uncapped. They did require documentation but they responded within 24 hours and while thier first terms didnt work for us we were able to work through that and they made a subsequent offer that did work for us.....
Just saying they are worth checking out.
2 replies
Danny_Amazon
Thanks for this report on your experience with the different lending options, @Seller_h2uFk7MBIJbj6- and I am glad to hear Uncapped was able to meet your needs.
I've made sure to connect your feedback here to our Lending team internally so they can take it into account moving forward, and I do hope my commenting drives some further traction to the thread so other sellers in search of Lending options can see your review!
Thanks very much,
Danny
Seller_AL3NYI8RCBpLW
Thanks for the post. It was very informative. I do miss Amazon lending it was unmatched! I've been looking for alternative lending, had a bad experience with Parafin did not want to use them again, but will try Uncapped. Thanks
