Report: Amazon partners with Bank of America for lending program
Amazon has found a partner for its program that makes loans to small businesses that sell on its websites.
Amazon Lending, launched in 2011, has partnered with Bank of America Merrill Lynch, reported CNBC.
The partnership allows Amazon to reduce its risk and access capital to provide credit to more merchants to acquire inventory, CNBC said.
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Amazon Lending, launched in 2011, has partnered with Bank of America Merrill Lynch, reported CNBC.
The partnership allows Amazon to reduce its risk and access capital to provide credit to more merchants to acquire inventory, CNBC said.
Click here to read more.