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American Express partners with Lendio to launch SMB loans

Thursday 21 April 2016 11:37 CET | News

American Express has partnered with small business loan marketplace Lendio to bring its merchant financing products to small businesses.

Lendio calls the product a hybrid between a merchant cash advance and a bank loan ranging from USD5.000 up to USD2 million for two years.

Merchants with a minimum revenue of USD50.000 and two years of operating history can apply for this loan based on cash flow and credit card sales.


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Keywords: American Express, loans, Lendio, businesses, lending, cash flow, cards
Categories: Banking & Fintech
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Countries: World
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Banking & Fintech






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