Access to Capital

Following up from the COVID 19 Business Impact Webinar #11, we discussed some options for alternative capital.

  • American Express Merchant services: they will advance a percentage of annual sales as a commercial loan
  • Contact your credit card companies for loan offers
  • See if your bank will extend your credit line on you Line of Credit


A silly note on this. I’ve used American Express Working Capital for short term loans to help with things like paying rent. They postponed some repayments for me, but also froze my account so I could not use this service at all. When I asked why, they said it was because I had gotten a PPP loan, and until it was determined that the loan would be forgiven, or that I paid it off, they would not allow me to use working capital funds.