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National Restaurant Association - NRA partner Heartland, American Express team up on merchant financing

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NRA partner Heartland, American Express team up on merchant financing

Restaurateurs can face unique challenges as they seek funding, with smaller operators sometimes facing the stiffest challenges.

As the economic picture brightens and more restaurateurs are ready to invest in their businesses, alternative financing solutions are emerging for restaurateurs who have a hard time getting traditional loans.

As just one example, National Restaurant Association partner Heartland Payment Systems recently announced it has teamed up with American Express to distribute American Express Merchant Financing.

The partnership between Heartland and American Express allows restaurants and other businesses to obtain loans based on their annual card processing volume. The American Express Merchant Financing program provides capital up to $750,000 to finance short-term investments that can be paid back over a 12-month period. Heartland clients have the option to renew their loans a year after the initial disbursement.

For more information about American Express’s Merchant Financing, visit HeartlandPaymentSystems.com/Lending.

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