Amazon's business loan program.
We got a little bit more numbers regarding that,
but I remember we've always talked about the Amazon loan
program because one thing that caught my attention when we
first mentioned it, like couple, like maybe
when we first mentioned it on the show was,
uh, Amazon itself.
Like it never really, like you never really saw
any commercials for it.
You never really saw anything for, like,
I didn't even know it existed
until we actually started talking about it.
So it's saying that the, for, uh,
total receivables 1.3 billion.
Um, but yeah, so there's 1.1 0.3 billion.
The receivable loans for that, uh,
overall business lending is
for Amazon in general is 120 billion.
120 billion. Yeah.
How so what does that number represent? So
Pretty much like overall, what, how like the,
the amount Amazon is taking? Oh, I think,
I think that might be revenue.
I don't think that's revenue lending related. No. Yeah.
That, yeah. So for Q, so, um,
but what was interesting is that when,
when we were reading the articles, is that like,
it doesn't really make even a dent, like,
like pretty much like the program itself has just been
steady across the board.
Um, and again,
and we had talked about it where there is no,
no one's promoting this.
No one's like, they're not really, uh, giving awareness
to it because we, like, I didn't even know about it
until we had mentioned it
and that you can see it on, on like Amazon,
but it's not a, a known
Product. Yeah,
you are right.
Amazon does not go out
and announce to the world, Hey,
we are in the business of business lending.
They just don't do it. It's known to people
who sell on their platform.
It's really called like seller financing, right? Mm-Hmm.
Um, they had their own name for it as Amazon Capital,
whatever brand they're doing it under.
And it's really just an ancillary product
to their existing customer base.
I don't think that they consider themselves a, you know,
a national small business lender.
Yeah. This is just a way to facilitate, um, sales, uh,
on their own platform by giving access
to capital to their own sellers.
Yeah. But because Amazon is so big, the numbers that they do
end up making them among the largest,
largest small business lenders in the country.
So it's, it's hard to ignore
and I think it's good information for people to know about.
'cause you can look at what they're experiencing
and what they're doing, and you can draw conclusions about
what's happening nationwide.
Now they don't go out and really even talk about
it in their quarterly earnings.
They're publicly traded company.
It's, it's not even meant it's barely mentioned at
all. Um,
It's not even mentioned at all.
Like you, you mentioned the term receivables.
They don't even tell you how much they funded or loaned out.
You, you kind of have to draw a conclusion based upon,
you know, the, the ar the,
the receivable balance that they have.
Now they have a revolving credit facility and stuff,
and it looks like they kind of keep that number steady.
Right? The receivables kind of are, are sort
of stable over a, the recent time period,
which you can draw a conclusion to say, eh, you know,
the funding that they're doing on on their own books is
probably, probably steady,
but you're, you're drawing a conclusion
based upon the very limited data
that they're put putting out.
They don't need to go out and, and make it a huge, big thing
because like you mentioned, they do, they're doing what,
120 billion, uh, a year in revenue overall.
This small business loan product is something that 99%
of the company doesn't even ever think about. Yeah.
And I think that's what's amazing to me that they don't,
they don't come into banks
and tell us, Hey, you know, they, they, they just have
that momentum because they have this very unique audience.
Um, so yeah, so really interesting.