Not taking it but *boggle* Amex

[Revelate]

    You’re pre-approved for a business loan of up to $ 25,000 at a maximum APR of 11.97%.1

[805orbust]

Yeah, we do a lot of manufacturing for big projects and use cash advances for short term to not affect our working capital and this year Amex put the hammer down on the competition.  I am using them for all kinds of stuff. Great rates, flexible terms. Love it. It even made me get the Blue for Business card. Be nice to earn MR points on the loans 

[Revelate]

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@805orbust wrote:

Yeah, we do a lot of manufacturing for big projects and use cash advances for short term to not affect our working capital and this year Amex put the hammer down on the competition.  I am using them for all kinds of stuff. Great rates, flexible terms. Love it. It even made me get the Blue for Business card. Be nice to earn MR points on the loans 

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I assume it just reports to business credit?  I don't really have a side business I can claim anymore so I wouldn't pass any verification of that if that's done anyway.

Guess it's a nice back pocket thing if I and my buddy do ever start one of the numerous business plans.

[Anonymous]

Thats very interesting with DW and mine biz that may help. On the regular contracts we get paid on delivery give or take 48 hours BUT on pass through costs where we don't have a mark up we some times don't get paid for 90 days.  We hate financing gov and fortune 500 for 90 days where we don't even get a mark up. 

[SouthJamaica]

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@Revelate wrote:

    You’re pre-approved for a business loan of up to $ 25,000 at a maximum APR of 11.97%.1

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Not sure what "boggle" refers to.

I was offered a loan at 6.9%.

[jgodfrey82]

Is this nextsteps where they send to your other cards or direct deposit? I got next steps 25k at 8.9 and invoice financing offers when logging into my business account.

[Revelate]

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@jgodfrey82 wrote:
Is this nextsteps where they send to your other cards or direct deposit? I got next steps 25k at 8.9 and invoice financing offers when logging into my business account.

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Think this is seperate from Nextsteps but I didn't look through it in any detail.  I clicked on account services I believe from my business card screen, and up that popped.

[805orbust]

@Revelate sorry for the tardy reply. No, they do not report to the big 3.  At least not for us. Even the Blue for Business is invisible to the personal reports. Good stuff for short term needs where you can make something happen rather quickly.

[SouthJamaica]

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@Revelate wrote:

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@jgodfrey82 wrote:
Is this nextsteps where they send to your other cards or direct deposit? I got next steps 25k at 8.9 and invoice financing offers when logging into my business account.

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Think this is seperate from Nextsteps but I didn't look through it in any detail.  I clicked on account services I believe from my business card screen, and up that popped.

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This program has nothing to do with Nextsteps, it is a pure and simple business loan program.

Very user-friendly, low-interest. I got a 12-month $5k loan at 6.9% APR.

[driftless]

Wow, those are great deals.