Amazon (AMZN) announced Amazon Lending surpassed $3 billion in loans to small businesses to date since the program launched in 2011. Amazon Lending offers short-term business loans, for up to 12 months, to invited micro, small and medium businesses selling on Amazon to help them grow their business. With access to more than 300 million active customer accounts worldwide, Amazon provides small businesses the opportunity to quickly reach customers in their neighborhood and around the globe.

“We created Amazon Lending to make it simple for up-and-coming small businesses to efficiently get a business loan, because we know that an infusion of capital at the right moment can put a small business on the path to even greater success,” said Peeyush Nahar, Vice President for Amazon Marketplace. “Small businesses are in our DNA. Amazon is providing capital to small businesses to help them expand inventory and operations at a critical period of their growth. We understand that a small loan can go a long way.”

Facts about Amazon Lending:

• In the last 12 months, Amazon has lent more than $1 billion to small businesses.
• More than 20,000 small businesses have received a loan from Amazon. 
• More than 50 percent of the small businesses Amazon lends to take a second loan from Amazon. 
• Amazon has issued loans to small businesses across the U.S., U.K., and Japan. 
• Invited small businesses are able to apply for loans ranging from $1,000 to $750,000.