American Express Takes on Square, On Deck Capital

The video discusses American Express's new online loan platform for small businesses, highlighting its unique position in the market compared to competitors like JP Morgan and Wells Fargo. The platform targets existing Amex customers, offering short-term loans up to $750,000. This initiative aligns with Amex's strategy to focus on B2B services, expanding their offerings beyond traditional credit card services. The video also explores the competitive landscape and the potential business impact for American Express.

What type of platform is American Express planning to debut for small businesses?

Who is eligible for the small business loans from American Express?

What is the maximum loan amount that American Express will offer through this platform?

What is the duration of the loans being offered by American Express?

How does American Express's new loan offering differ from their previous services?