Amazon announced the 2018 holiday shopping season was one for the record books. And small and medium-sized businesses contributed to more than 50% of the items sold on Amazon stores this holiday season.
There is no denying the negative impact Amazon has had on local small businesses. But for those businesses who are able to identify and exploit the opportunities the platform provides, it has been a great way to generate a reliable revenue stream.
Innovative Solution
Regency recently worked with a Yorkshire based SME who supplies android tablets via the Amazon marketplace. They had not used an overdraft facility previously and were not sure it would be right for them.
They approached Regency for both invoice and trade finance when they could not purchase stock from China, as they could not supply enough to keep up with demand. The finance we provided allowed our client to expand their range available on the Amazon platform.
The company’s Managing Director commented:
“The finance facility has surpassed all of our expectations, and I only have good things to say about our working relationship. It is great to work in partnership with such a dynamic team who want to support our business”
This has given our client managers the experience to work with Amazon vendor platform and invoicing through the same. This has positioned Regency with unique knowledge of the Amazon marketplace vendor software and website.
To discuss the funding options available to your business. Please do not hesitate to contact us on 0161 280 4220 or lynnew@regencyfactors.com