Give your business the power to grow through effective working capital management.
American express working capital terms program.
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If you meet the prerequisites you can enroll one of your businesses in working capital terms through the amex website.
Business trends and insights from american express delivers insights and inspiration to help you run grow and expand your business.
The pros of american express working capital terms.
Our working capital solutions are flexible and innovative so your business could hold on to more cash for longer.
Their line of business credit cards is world class and their working capital terms offer great benefits to qualifying applicants.
Approval is conditional on the information american express already has on file about you including but not limited to your credit history.
To enroll in the working capital terms program you must submit an online application which amex claims only takes two minutes to complete.
Similarly you could benefit from 5 day payments from your customers.
Funding payment products.
American express working capital terms is essentially accounts payable financing so it s only suitable when you need to pay vendor invoices.
Go to the american express website and click business in the top navigation bar.
Follow these steps to get started.
American express working capital terms can be approved for a line up to 750 000.
Click working capital terms under the header.
However it s an extremely economical source of short term financing with effective aprs of 6 to 12.
This means we pay your suppliers 1 in 5 days and you pay us within 55.