American Express Launching Small Business Loans with Lendio

Small business loan marketplace Lendio recently partnered with American Express to power the credit card company’s merchant financing offering.

The loans, which will help Amex expand its customer base, will range from $5,000 to $2 million for up to a two year term. To qualify, a business must have been in operation for at least two years and have a minimum of $50,000 in revenue.

The partnership is expected to help Amex make up for the termination of its alliance with CostCo, which accounted for 20% of Amex’s outstanding loans.

Lendio works on behalf of small business borrowers to match them with the right loan and helps the 75 lenders on its platform reach qualified borrowers. Last year, the Utah-based company facilitated over $128 million in financing to more than 5,100 businesses. Lendio debuted at FinovateSpring 2011.

Author: Jason Williams

Share This Post On
ATM Africa


  1. If some one wishes expert view on the topic of blogging then i propose him/her to pay a quick visit this blog, Keep up the nice work.

  2. I will right away seize your rss as I can not in finding your email subscription hyperlink or newsletter service.
    Do you have any? Kindly permit me understand so that I may just subscribe.

  3. Very nice blog post. I definitely appreciate this site.

    Keep it up!

  4. That is a very good tip particularly to those new
    to the blogosphere. Short but very accurate information… Thank
    you for sharing this one. A must read article!

  5. Vpxl American Pharmacy cialis Propecia Mental Risks

  6. Diflucan Oral Suspension viagra Where To Purchase Metformin Without Rx

  7. Donde Puedo Comprar Redustat Orlistat viagra Amoxicillin Potentiated By

  8. Priligy And Levitra viagra Canadian Pharmacy Without Perscription

  9. Can I Purchase Progesterone Free Consultation cialis Acquistare Viagra Via Internet

  10. Prednisolone Buying Outside Us viagra discount worldwide fedex shipping isotretinoin pills

  11. The the next occasion Someone said a weblog, I’m hoping that this doesnt disappoint me just as much as this blog. After all, Yes, it was my solution to read, but I actually thought youd have something intriguing to say. All I hear is often a lot of whining about something you could fix should you werent too busy interested in attention.

Submit a Comment

Your email address will not be published.