American Express has launched an exciting new cash financing program – Express Merchant Financing – a set of financing products that provide qualified businesses quick and simple access to cash. The program allows eligible merchants to leverage their relationship with American Express, tapping into a convenient and hassle-free source of capital.
According to David Gilbert, coo, National Restaurant Association, “When asked about obtaining credit, 44% of quickservice operators and 29% of fullservice operators said that it was more difficult to obtain funds in 2010 than in 2009 – a scary statistic.” Because of the importance of making sure that restaurateurs have access to cash to help them run and grow their businesses, the NRA has partnered with American Express and is offering a special introductory rate to qualified merchants.
Eligible American Express merchants may choose from two options: 1) Monthly financing of up to $500,000 each month; or 2) Annual financing of up to $750,000, disbursed in one lump sum. Both provide cash within three business days of enrollment, including an automatic repayment process based on the merchant’s American Express Settlements. There are no hidden fees and no personal guarantee is required.
Visit ExpressMerchantFinancing.com, or call toll-free, 1-855-298-1209. For American Express merchants who are also members of the NRA, mention code NRA2012 to take advantage of the special introductory offer – valid through May 31, 2012.