AMERICAN EXPRESS® WORKING CAPITAL TERMS
Apply to get a business loan between $1,000 and $750,000, offered exclusively to existing and eligible American Express® Card Members.
Working Capital Terms lets you finance your business’s accounts payable. American Express will pay off vendor invoices on your behalf, and you repay American Express at the end of 30, 60, or 90 days.
Features
Loan Amount
$1,000 – 750,000
Loan Term
30, 60, or 90 days
Fees
As low as 0.5%, 1.0% or 1.5%
Time to Funds
Request fund in only 2 clicks!
BENEFITS
- Very low fees and annual percentage rate.
- No paperwork. No risk to enroll.
- Revolving structure allows you to request, pay, and re-request funds
REQUIREMENTS
- Eligible American Express® Card Members can apply to enroll.
- Vendor must be evaluated and approved by American Express®.
WHAT IS WORKING CAPITAL TERMS?
Working Capital Terms are specifically provided for customers to pay off their vendor invoices, with the idea that this will free up cash to use on other parts of the business. Funds will be deposited directly into the vendors’ accounts in as little as two days. Deposits can be made to vendors who do not accept AmEx cards as a form of payment.
What type of businesses is Working Capital Terms good for?
Customers who work with a number of vendors and lack the flexibility of trade terms will benefit from this product—in other words, if you work with vendors who require you to pay upfront or within a few days, this will be a low-cost product to try out should an invite end up in your inbox.
What can I expect to pay?
The amount you can borrow and your fee are based on the overall financial profile of you and your business, including your purchase and payment history with American Express and other financial institutions, and your credit record data. Fees are between 0.5% – 1.0% for 30 days, 1.0% – 2.0% for 60 days, and 1.5% – 3.0% for 90 days. Not all customers will be eligible for the lowest fee.
*Terms and Conditions?
Program Enrollment. American Express reserves the right to revoke your ability to submit an application to enroll in Working Capital Terms at any time. Enrollment in Working Capital Terms does not constitute an application for a loan and does not mean that funding requests submitted through the program will be approved. Your eligibility to enroll in Working Capital Terms is based on information we have about you, including your credit history. If you are the Basic Card Member on more than one Business Card from American Express OPEN, you may only enroll one of the businesses in Working Capital Terms.
