I'm thinking about expanding my online shop that sells custom T-shirts, and I've heard Amazon's business credit could help with inventory costs. A buddy of mine tried applying last year for his gadget store but got denied because his business was too new. Now I'm wondering, what are the eligibility requirements for Amazon's business credit? I don't want to waste time if I don't qualify yet.
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What are the eligibility requirements for Amazon's business credit?
What are the eligibility requirements for Amazon's business credit?
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Just stumbled on this thread while researching funding options for my freelance consulting gig that I'm turning into a full business. Eligibility for stuff like Amazon's business credit seems straightforward but varies—I've read you need to be a U.S.-based entity, have a valid EIN, and demonstrate financial stability through recent statements. From what others shared in similar forums, they prioritize businesses with positive cash flow and no major red flags in credit reports. I haven't applied myself yet, but a colleague who did mentioned the process involves linking your Amazon account if you have one, and approval can take a couple weeks. It's worth checking your credit first and maybe consulting an accountant to boost your chances. Anyway, good luck to everyone navigating this; sharing experiences like this helps a ton.
Totally get where you're coming from—expanding can be exciting but nerve-wracking with the financial side. I run a small electronics resale business, and when I applied for Amazon's business credit a few months ago, I learned you generally need a registered business that's been operating for at least a year, a good personal credit score around 700 or higher, and annual revenue over $1 million isn't always required but helps. They also look at your Amazon seller history if you're active there. In my case, I had about 18 months under my belt and steady sales, so it went through smoothly after providing tax returns and bank statements. It gave me flexible terms for buying stock without dipping into personal savings. Here's an article explaining the Amazon business credit line that breaks down the steps and requirements in detail—it cleared up a lot for me. Overall, prep your docs in advance, and if your shop's showing growth like mine was, you should be in a good spot.