Bitbond Small Business loans for Amazon Sellers


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A peer-to-peer lending marketplace specializing in online sellers.
Through Bitbond, you can borrow up to $25,000 to fund your small business. Applying is simple and free and comes with no credit inquiry or obligation to accept.

 **Platform**  

https://www.bitbond.com

Min Loan Amount: $1,000
Max. Loan Amount: $25,000
Interest Rate Type: Fixed
Minimum Loan Term: 0.12 year
Maximum Loan Term: 1 year

Requirements
Bitbond reviews your application along with your connected business accounts — like eBay, Amazon and PayPal to determine your risk rating.

What are Bitbond small business loans?
Bitbond introduces businesses to investors and borrowers willing to fund small business loans from $1,000 to $25,000. Repayment terms can range from 6 weeks to 12 months. You can use these loans to buy inventory, expand marketing, invest in equipment, hire staff and more.

What makes Bitbond unique?
Bitbond is a peer-to-peer lender that offers a unique way to get the funds you needs to grow your business. You submit an application with Bitbond, and investors around the world review your profile to decide whether to finance your loan in whole or in part. Bitbond loans can be funded in bitcoins, US dollars, euros or Kenyan shillings.

Who’s Bitbond best for?
Bitbond is best for online sellers on platforms like eBay and Amazon who make between $50,000 and $1.5 million per year. Borrowers tend to get financing for things like making bulk purchases, bridging cash flow gaps or trying a new product line.

What are the benefits of Bitbond small business loans?

  1. You’re funded by investors. Bitbond small business loans are funded by investors worldwide.

  2. Fewer and transparent fees. Bitbond uses bitcoin blockchain for its payment network to avoid transfer and exchange fees, typically resulting in lower-than-average fees and interest rates.

  3. Bank account not required. Because Bitbond doesn’t require a bank account, Bitbond can fund small businesses even in underserved regions.

  4. No credit minimum. Loans do not require minimum credit score and applying doesn’t affect your credit.

Origination Fee and Interest

  1. One-time origination fee. Expect to pay 1% to 3% of the total loan amount, which is slightly lower than fees charged by competing companies. Bitbond can charge a lower origination fee because it allows borrowers to connect their eBay, PayPal, LinkedIn, Twitter and Facebook accounts to access creditworthiness.

  2. Interest rate. Your rate will depend on the terms of your chosen loan and your borrower rating.

  3. Middle man. Bitbond does not directly fund the loan, but instead connects small business owners to funding sources.