The Amazon Business line of credit is a financing option for companies that shop on Amazon Business or Amazon. com and are managed by Synchrony Bank.<\/p>\n\n\n\n
It helps organizations simplify their purchases and agreements without sacrificing the flexibility and control required to manage their business.<\/p>\n\n\n\n
The Amazon Business Line of Credit includes deals, some of which include, no interest or annual fee, longer payment terms (55 days) and a dedicated account management team to help set up and maintain the user account.<\/p>\n\n\n\n
Amazon Business Line of Credit cannot be used for purchases other than Amazon’s and cannot be used for all Amazon purchases such as mobile phones, textbook rentals, e-documents, etc.<\/p>\n\n\n\n
While users do not have to worry about paying interest on purchases, as Amazon only offers pay-in-full lines of credit, there are some fees users of the service will be subjected to. These include a 2% monthly fee or 24% annual interest on late payments, along with a $29 return fee.<\/p>\n\n\n\n
To apply for the Amazon Business line of credit, applicants must provide the following information: business name, business address, telephone number and e-mail address, business type, annual sales, tax identification number, and information about the authorized representative or owner.<\/p>\n\n\n