Burns Funding and Elite Automation Announce the Ability to Deliver Revenue-Ready Amazon Stores to Clients

Burns Funding, a venture debt lender that helps entrepreneurs and investors obtain capital for their existing businesses as well as new ones, announced today that it is teaming up with Elite Automation (Elite), one of the nation's leading operators of e-commerce stores, to deliver Amazon Stores that are ready to produce significant revenues, almost immediately, for Burns Funding's clients.

Amazon takes a prudent approach before allowing any store to open to its billions of customers, requiring them to gradually ease into its full potential over a period of months. This "velocity" requirement impacts both Burns Funding (https://burnsfunding.com/), which purchases stores from Elite (https://elite-automation.com/) as passive investment vehicles, and Elite, which markets the opportunity to own and operate stores to the general business community, since it takes longer to reach full potential.

To combat this, Elite has identified multiple secondary markets for seasoned Amazon stores. Further, it has created a process to seamlessly transition the stores into new customers' hands, whether through Burns Funding or directly through Elite.

Further enhancing the offering, Elite and Burns Funding have identified "resources" that allow a client to own more than one Amazon store, creating a capability for Burns Funding to own multiple stores.

"Using these resources is powerful, since, technically, the owner of the multiple stores is not one individual, but multiple entities," said Katie Melissa, the founder and CEO of Elite. "In tandem with the access to seasoned stores, we have created a massive opportunity for our existing and future customers, as well as clients of Burns Funding."

Peter J. Burns, III, the CEO of Burns Funding, believes there is "massive potential" in the "new capability.

"This process in ingenious," Burns said. "It holds massive potential for clients of Burns Funding, who frequently participate in the Burns Corporate Capital Program (BCCP), a process by which they obtain capital through the company, without the obligation of having to service the loan. That obligation is removed when they remit a portion of the proceeds back to Burns Funding, which in turn, invests that capital in various passive income vehicles.

Earlier this summer, Burns Funding announced that Elite was becoming a "preferred partner" in the area of e-commerce stores.

At the time, Melissa said she was especially "attracted to Burns Funding's recent initiative around using shelf corporations to obtain capital through its BCCP."

According to Wikipedia, a shelf corporation is "a corporation that has had no activity. It was created and left with no activity - metaphorically put on the 'shelf' to 'age.' The company can then be sold to a person or group of persons who wish to start a company without going through all the procedures of creating a new one."

As part of the BCCP, clients can purchase a shelf corporation, which costs between $11,000 to $13,000, in one of two ways. They can pay for the shelf out of their own pocket. Or Burns Funding can then provide the capital to clients to purchase the shelf corporation by helping them cost-effectively secure capital from their credit cards.

"Once they have the corporation in hand and complete the requisite paperwork, they can obtain access to credit lines well into six figures in as little as 50 days," added Burns.

Burns, himself a serial entrepreneur, expects the BCCP to soar in popularity.

"There are hundreds of thousands of small business owners, who have the credit score, but can't substantiate the income through W-2s," he said. "They simply are not able to obtain significant unsecured funding to pursue their business dreams.

"The beauty of the BCCP is that entrepreneurs can pay for the shelf corporation out of pocket, or work with Burns Funding to access capital locked away in their credit cards."

Burns' reputation in the alternative lending space has caught the attention of both Entrepreneur and Forbes, two prestigious magazines that enlist Burns as a regular columnist.

To see his articles on Entrepreneur, visit:
https://www.entrepreneur.com/author/peter-j-burns-iii

To see his articles on Forbes, visit: https://www.forbes.com/sites/forbesbusinesscouncil/people/peterburns/

Burns Funding
7514 Girard Ave Suite 1416,
La Jolla, CA 92037

ABOUT PETER J. BURNS III

Based in La Jolla, California, Peter J. Burns III grew up in a well-established New England family in New Canaan, Connecticut. He was briefly educated at the United States Military Academy Preparatory School at West Point, the University of Virginia (UVA), and finally, Harvard Business School's Owners and Presidents Management Program. While his two younger brothers went on to have very successful traditional business careers, Burns chose the life of a startup entrepreneur.

Burns started hundreds of businesses over the ensuing decades. In the early 2000s, he moved to Arizona and became a pro bono adjunct faculty member at the highly respected Barrett Honors College at Arizona State University. In 2006, Burns took his teaching practice across town to Grand Canyon University and its entrepreneurial founder Brent Richardson, where the two men would launch the nation's first College of Entrepreneurship at GCU.

In recognition of his work, the Arizona chapter of the Future Business Leaders of America named Burns its Businessperson of the Year in 2007.

Shortly thereafter, Burns started Club Entrepreneur to unite entrepreneurs in an "open-source entrepreneurship" platform. The Phoenix chapter attracted 10,000 members.

In 2016, Burns moved to the West Coast and started Burns Funding to help entrepreneurs secure hard-to-get funding for their businesses.

Taken as a whole, Burns says all the businesses have a "common thread."

"Every business I start represents my desire to help existing and would-be entrepreneurs reach their full potential," said Burns. "Too often, they give up because of a lack of capital. I set out to solve that problem and won't rest until every entrepreneur who needs money can secure it."

This release was published on openPR.