The very, very over crowded capital lending to small merchant space just got more complex. @AmericanExpress entered: http://www.bloomberg.com/news/articles/2016-07-05/amex-challenges-square-on-deck-with-small-business-loans-online-iq9gqual …
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Definitely work some amount, Amex has tons of SMB, but q:why now?(had oppty for years)cost of funds isnt driver of why or win
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I agree. Why now? They have had various programs for 20 years. New competition motivated them to move aggressively. Tectonic shift
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