My experience with Lendistry

I’ve struggled to get loans for my business, and when I was offered a $12k loan through Amazon, I jumped at the chance. I don’t necessarially regret it, but I would recommend it be among the last options you consider.

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If you accept the loan they offer you, you can not receive any other loans through Amazon lending until you’ve paid it in full, which is a bit of a problem if you’re a really small seller. They also lock your bank account on file, so if you consider any of the advance companies like payoneer/payability to be worth the cost, then I believe (I could be wrong) you have to pay the loan back before they’ll be able to fund you.

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The application and loan funding wasn’t extremely fast, but it was reasonable, the fees and interest rates are fair, but the issue I have with them is how much of a restriction the loan becomes, especially given the 2 week delay in getting paid from Amazon.