Similarly you could benefit from 5 day payments from your customers.
American express working capital terms program.
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Click working capital terms under the header.
This means we pay your suppliers 1 in 5 days and you pay us within 55.
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.
However it s an extremely economical source of short term financing with effective aprs of 6 to 12.
American express working capital terms is essentially accounts payable financing so it s only suitable when you need to pay vendor invoices.
If you meet the prerequisites you can enroll one of your businesses in working capital terms through the amex website.
Follow these steps to get started.
To enroll in the working capital terms program you must submit an online application which amex claims only takes two minutes to complete.
Enrollment in the working capital program is not automatic.
Funding payment products.
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The pros of american express working capital terms.
American express working capital terms can be approved for a line up to 750 000.
The pros of american express working capital terms.
Go to the american express website and click business in the top navigation bar.