Amazon's (AMZN) lending service for third-party merchants has been giving out loans ranging from $1K-$38K, some recipients tell the WSJ. Most of the loans carry an APR of 13.9%, but one was a mere 1%. The fact Amazon has plenty of data about the ~2M merchants who use its site helps lower the company's risk. Growing third-party merchant sales - they made up 40% of Amazon's Q2 unit volume, and an estimated 9%-12% of its 2011 revenue - have been lifting Amazon's gross margin.
Amazon's (AMZN) lending service for third-party merchants has been giving out loans ranging from...
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