Merchant Financing, a noncard loan product for small businesses in the U.S., was launched by American Express in 2011. It permits merchants that accept American Express card products to obtain six-month, one-year, or two-year financing on up to $2 million. On loans of at least $35,000, a percentage of the merchant’s monthly American Express card receivables can be used to repay the loan before the remainder is settled into its bank account. Top uses of Merchant Financing loans are large investments and debt consolidation. Working Capital Terms from American Express was launched in October...