Heartland Payment Systems will be a distributor of American Express Merchant Financing, a program that allows small businesses to obtain credit based on annual card processing volume.

The American Express program is designed to provide capital of up to $750,000 to finance short-term investments and be paid back over one year to avoid long-term debt commitments. Heartland clients will have the option to renew their loans one year after the initial disbursement, enabling the small businesses to respond to economic conditions and business performance before making new investments.

"For nearly five years, small business owners have played defense trying to survive through the recession and now are beginning to feel optimistic about infusing new capital into their operations. With American Express' Merchant Financing, small businesses will be able to obtain crucial financing to grow and compete with larger operations," says Bob Carr, CEO of Heartland, in a Nov. 12 press release.

Heartland recently partnered with e-commerce platform provider Bigcommerce to offer small businesses a way to quickly build a multi-channel website, as well as upgrade their existing sites. Heartland also invested in Leaf, a company that offers a payments tablet to small merchants. 

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