Amazon recently launched a new financing solution for small business sellers in the form of a merchant cash advance.
The advance is provided by Parafin, a U.S.-based provider of growth capital for sellers, and lets sellers quickly access capital with transparent and capped rates, no fixed term, no personal guarantee, no credit checks or excessive paperwork, and no late fees.
It works by tying payment on the cash advance to a portion of the seller’s future sales for a fixed capital fee.
