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Amazon's business loan program.

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We got a little bit more numbers regarding that,

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but I remember we've always talked about the Amazon loan

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program because one thing that caught my attention when we

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first mentioned it, like couple, like maybe

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when we first mentioned it on the show was,

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uh, Amazon itself.

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Like it never really, like you never really saw

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any commercials for it.

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You never really saw anything for, like,

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I didn't even know it existed

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until we actually started talking about it.

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So it's saying that the, for, uh,

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total receivables 1.3 billion.

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Um, but yeah, so there's 1.1 0.3 billion.

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The receivable loans for that, uh,

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overall business lending is

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for Amazon in general is 120 billion.

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120 billion. Yeah.

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How so what does that number represent? So

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Pretty much like overall, what, how like the,

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the amount Amazon is taking? Oh, I think,

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I think that might be revenue.

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I don't think that's revenue lending related. No. Yeah.

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That, yeah. So for Q, so, um,

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but what was interesting is that when,

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when we were reading the articles, is that like,

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it doesn't really make even a dent, like,

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like pretty much like the program itself has just been

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steady across the board.

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Um, and again,

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and we had talked about it where there is no,

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no one's promoting this.

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No one's like, they're not really, uh, giving awareness

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to it because we, like, I didn't even know about it

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until we had mentioned it

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and that you can see it on, on like Amazon,

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but it's not a, a known

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Product. Yeah,

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you are right.

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Amazon does not go out

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and announce to the world, Hey,

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we are in the business of business lending.

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They just don't do it. It's known to people

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who sell on their platform.

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It's really called like seller financing, right? Mm-Hmm.

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Um, they had their own name for it as Amazon Capital,

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whatever brand they're doing it under.

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And it's really just an ancillary product

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to their existing customer base.

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I don't think that they consider themselves a, you know,

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a national small business lender.

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Yeah. This is just a way to facilitate, um, sales, uh,

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on their own platform by giving access

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to capital to their own sellers.

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Yeah. But because Amazon is so big, the numbers that they do

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end up making them among the largest,

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largest small business lenders in the country.

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So it's, it's hard to ignore

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and I think it's good information for people to know about.

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'cause you can look at what they're experiencing

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and what they're doing, and you can draw conclusions about

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what's happening nationwide.

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Now they don't go out and really even talk about

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it in their quarterly earnings.

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They're publicly traded company.

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It's, it's not even meant it's barely mentioned at

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all. Um,

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It's not even mentioned at all.

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Like you, you mentioned the term receivables.

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They don't even tell you how much they funded or loaned out.

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You, you kind of have to draw a conclusion based upon,

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you know, the, the ar the,

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the receivable balance that they have.

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Now they have a revolving credit facility and stuff,

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and it looks like they kind of keep that number steady.

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Right? The receivables kind of are, are sort

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of stable over a, the recent time period,

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which you can draw a conclusion to say, eh, you know,

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the funding that they're doing on on their own books is

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probably, probably steady,

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but you're, you're drawing a conclusion

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based upon the very limited data

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that they're put putting out.

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They don't need to go out and, and make it a huge, big thing

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because like you mentioned, they do, they're doing what,

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120 billion, uh, a year in revenue overall.

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This small business loan product is something that 99%

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of the company doesn't even ever think about. Yeah.

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And I think that's what's amazing to me that they don't,

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they don't come into banks

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and tell us, Hey, you know, they, they, they just have

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that momentum because they have this very unique audience.

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Um, so yeah, so really interesting.