This article contains general information and is not intended to provide information that is specific to American Express, or its products and services. Similar products and services offered by different companies will have different features and you should always read about product details before acquiring any financial product.
When it comes to your business’s growth, understanding how financing works is key. This video deconstructs common financing options, like business loans and lines of credit, and compares them to the tools used in a woodshop. Just like each tool is best suited for a specific task, knowing how different financing solutions work can help you determine which is the best "tool" for you and your business. For instance, if you’re looking for flexible financing, the American Express® Business Line of Credit provides flexible access to business funding, allowing you to draw as needed from your credit line up to your available line amount – you only pay on what you borrow. And for business owners who need the ability to take on large purchases, Cards like The Business Platinum Card® from American Express offer No Preset Spending Limit, which can give you the purchasing power to stock up on raw materials, invest in equipment or hire staff.
To watch more from this series where celebrity business owners break down business topics, visit https://www.americanexpress.com/en-us/business/trends-and-insights/solutions/explainer-videos/.
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