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Amazon to expand business loan programme

Amazon.com is to launch its small business loan programme, Amazon Lending, in the UK, Canada, China, France, Germany, India, Italy and Spain tomorrow (June 30).

The etailer currently just offers the service in the United States and Japan.

Amazon Lending, founded in 2012, offers loans to small and medium sized companies that trade goods via Amazon’s Marketplace division for third-party sellers.

The loans, from Amazon’s capital, will range from £1,000 to “hundreds of thousands of pounds” and will initially be an invitation-only scheme but the company did not rule out expanding the service.

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