Tags: amazon | goldman | small | business | credit | line

CNBC: Amazon Launches Small-Business Credit Line With Goldman

CNBC: Amazon Launches Small-Business Credit Line With Goldman
(rvlsoft/assetsdelivery.com)

Wednesday, 10 June 2020 10:55 AM

Amazon.com reportedly is launching a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs.

Small business owners who sell on the e-commerce giant’s platform will soon be receiving invitations from Goldman’s Marcus brand for revolving credit lines with a fixed annual interest rate of 6.99% to 20.99%, people with knowledge of the offering told CNBC.

By gaining data on thousands of Amazon merchants, Goldman can improve its lending models and accelerate its push into Main Street finance, CNBC explained.

© 2020 Newsmax Finance. All rights reserved.


   
1Like our page
2Share
StreetTalk
Amazon.com reportedly is launching a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs.
amazon, goldman, small, business, credit, line
82
2020-55-10
Wednesday, 10 June 2020 10:55 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved