Last Updated: 04/18/2025
American Express Merchant Financing
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Last Updated: 04/18/2025
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Highlights
Factor Rate
1.0175 - 1.28
Amount Range
$5,000 - $2,000,000
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Minimum Revenue
$50,000
APR (Fee-Based Product)
1.75% - 28%(Verified 06/21/2024)
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American Express Merchant Financing Review
American Express Merchant Financing is offered by American Express® National Bank, a bank founded in 1850 and based in New York, NY. American Express Merchant Financing are available in 50 states and Washington, DC.
American Express Merchant Financing FAQ
What APRs does American Express Merchant Financing offer?
The cost of merchant cash advances is typically marketed as a factor rate, not an APR. American Express® National Bank offers merchant cash advance with a factor rate starting from 1.0175 to 1.28 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
However, we ran the numbers and we estimate it has an equivalent APR that ranges from 1.75% APR up to 28% APR. Does American Express Merchant Financing charge a late fee?
Yes, American Express Merchant Financing charges borrowers with a late payment fee of up to $39 or 2.99% of the past due amount, whichever is greater .Does American Express Merchant Financing charge prepayment fees?
No, American Express Merchant Financing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the American Express Merchant Financing off early.
How much cash can you advance from American Express Merchant Financing?
Cash advance amounts start at $5,000 and go up to $2,000,000.
What types of repayment method does American Express Merchant Financing accept?
American Express Merchant Financing accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does American Express Merchant Financing process payments?
American Express Merchant Financing processes payments monthly based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to American Express Merchant Financing as payment for your cash advance until the full amount is paid.
Does American Express Merchant Financing charge an origination fee?
No, American Express Merchant Financing does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.
What is the minimum repayment amount required by American Express Merchant Financing?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via American Express Merchant Financing?
American Express Merchant Financing can fund your merchant cash advance within 2 business days of approval.
What are the business financing requirements for American Express Merchant Financing?
To apply for American Express Merchant Financing, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for American Express Merchant Financing?
Applicants with a credit score of at least 625 and up to 850 may be eligible for American Express Merchant Financing. American Express Merchant Financing does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by American Express Merchant Financing. An uncommon feature is for lenders to offer their services to non-residents. American Express® National Bank is one of the few that does.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
- U.S. tax identification number
American Express Merchant Financing Disclosure: Must be a qualified American Express accepting Merchant. Because Merchant Financing is a commercial loan, proceeds may only be used for business purposes. In addition, these funds may not be used to pay dividends to principals or pay off debts to an American Express affiliate, to purchase real estate or fund construction, or for personal, family or household purposes. If you pay the loan off early, your business could qualify for a rebate on up to 25% of your fixed fee so long as there’s
been no default on your loan and the following criteria are met:
•6-month term: 25% rebate if paid in full within 90 days of disbursement; 10% rebate if paid in
full within 135 days.
•12-month term: 25% rebate if paid in full within 180 days of disbursement; 10% rebate if paid
in full within 270 days.
•24-month term: 25% rebate if paid in full within 360 days of disbursement; 10% rebate if paid
in full within 540 days.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from American Express Merchant Financing
Hours of Operation
Sunday
7:00AM - 12:00AM
Monday
7:00AM - 12:00AM
Tuesday
7:00AM - 12:00AM
Wednesday
7:00AM - 12:00AM
Thursday
7:00AM - 12:00AM
Friday
7:00AM - 12:00AM
Saturday
7:00AM - 12:00AM
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SuperMoney Net Recommendation Score
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American Express Merchant Financing Community Reviews
Would you recommend American Express Merchant Financing to your friends?
Free L.
Nov 14, 2022
May or may not recommend
Awful service! No one went over the tons of fees and I can never get in contact with anyone. I stopped using it tried to get rid of it only to find out it cost 500 to terminate which was never explained either. It’s awful. With terrible customer service!
Donna B.
Oct 25, 2021
May or may not recommend
Brilliant, American Express Merchant Financing Merchant Cash Advance for Growth and Getting Business Back Up.
KL
Kevin L.
Feb 27, 2021
May or may not recommend
American express merchant funding can be a great way to secure short term funding at a much more reasonable price than some other cash merchant advance funding. Let's be clear, though they advertise 0 percent interest, your paying a fee on total amount borrowed against your future America Express credit card receivables.. At a six month term, you can expect fees anywhere from 1.75 % to close to 8 ...Show More
Showing 3 of 3 reviews