If approved, pay eligible US based vendors with a Business Line of Credit through the Business Blueprint app.
If you elect to have your loan funds disbursed directly to a third party payee, you are required to provide accurate and complete payee information. Payees must be located in the US or US territories. The per transaction payee payment maximum is the lesser of your then available line of credit and $100,000. Not all payee industry types are eligible. We may refuse a payee in our discretion or for reasons beyond our control. Loan funds sent to your payee may take up to three (3) banking days to post to the payee’s business bank account, although payments may be delayed for a number of reasons and the payee’s bank may have their own policy regarding how quickly to post a payment.
The app seems ok at first, but I’ve had a number of problems getting money into my account. First, when I try to transfer funds from a different institution it errors out. Second, when trying to deposit physical checks their OCR solution doesn’t always work and the system in fully automated. This means that if it cannot read a check (which is in perfect condition and completely legible by a human) then it cannot be deposited within the app. I tried calling AmEx about this, and because they don’t have any physical locations they told me my only option is to mail the check in via postal mail at my expense.
