Sources: Amazon partners with Bank of America for business lending [USA TODAY]
Bank of America Corporation (BAC)
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Source: USA TODAY
CLOSE Amazon could have wristbands that track employees. Buzz60's Elizabeth Keatinge (@elizkeatinge) has more. Buzz60 Amazon CEO Jeff Bezos (Photo: Mandel Ngan, AFP/Getty Images) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE In his shareholder letter two years ago, Amazon CEO Jeff Bezos said he was looking to team up with banks that could help his company expand its lending program for small businesses that sell on Amazon's websites. Amazon Lending, which launched in 2011, ultimately found a partner in Bank of America Merrill Lynch, according to people familiar with the matter who asked not to be named because the alliance is confidential. Partnering with Bank of America allows Amazon to reduce its risk and access capital specifically to provide credit to more merchants so they can acquire inventory. Amazon Lending is an invitation-only program that makes loans of $1,000 to $750,000, with terms of up to a year, for companies t
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