AMEX Working Capital Solutions

[Konrad2012]

Is anyone familiar with AMEX Working Capital service? I received a popup today with the BGR cards telling me I'm approved, there's no paperwork, no credit check, takes 60 seconds.

 

The offer is to pay vendors, and I get 30,60,90 days to repay AMEX with 0.5%, 1% or 1.5% corresponding terms.

 

Any info appreciated.

[mattt83]

I had the offer on my account. Got approved for 35K but I haven't used the service yet.

 

FYI it was a HP even though they sure as hell made it sound like it wasn't.

[DiegoC]

Konrad

I just looked in to my account today and it popped up. I did more research and its pretty hefty.

 

Ive always run a cash business so im used to working with my cash flow so it would be hard for me to pay those fees.

 

You have to run the numbers in your business to see if that really makes sense, cause usually this will destroy and small business if not done properly

 

 

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