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Amazon will no longer underwrite loans for sellers in its $140 billion Marketplace business

More than a decade after first offering loans to merchants who sell goods through its online marketplaces, the Amazon Lending division will cease underwriting its own loans to merchants, according to an email sent to some sellers on Thursday that was viewed by Fortune. Amazon spokesperson Deniz Sonmez confirmed the news in an email to Fortune. “We regularly evaluate our programs and services, and have made the decision to discontinue term loans underwritten by Amazon for Amazon sellers in the U....

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