Simon Carter, Director at Touch Financial expresses his opinions on the latest Amazon US business lending initiative, asking whether independent lenders are the future source of finance for online traders.
Whether it’s a cheese board, a microscope or a book on jujitsu, we’ve all bought stuff online either for ourselves or as a gift for others. With two of the most popular sites being Amazon and eBay, small businesses are recognising the potential of using these online platforms to reach a national and even global market. But what happens when an online trader is ready to move out of their garden shed and grow into something more? Are the banks being left behind in the race to fund these thriving online businesses?
It is now easier than ever for a small business to go global. With the need for a store front to reach target audiences being replaced by easy-to-manage virtual stores, it is a significant cost saver for a business to trade through sites such as Amazon or eBay.
Thousands of businesses are currently trading through Small Businesses Are Finding An Unlikely Banker: Amazon (Accessed 25/06/2013)