NMI Expands Business Capital Lending Program for Small Merchants

NMI is expanding its 'Business Capital' program, providing a new way for small-to-medium-sized businesses (SMBs) to secure working capital. If you use NMI for payment processing, this expansion means you can now access business loans or merchant cash advances directly through your existing payment dashboard. Instead of dealing with the friction of traditional banks, the program uses your transaction history to determine eligibility and loan amounts. For retailers and service providers, this is a play for speed. The application process is streamlined to take minutes rather than weeks. The funds are typically used for inventory purchases, equipment upgrades, or expanding locations. Because the financing is 'embedded' within the payment platform, repayment is often automated based on a percentage of your daily sales. This expansion highlights a growing trend where your payment processor is no longer just a utility but a primary source of business growth funding. If you are struggling with cash flow during seasonal dips or need quick capital for a renovation, checking your processor's dashboard for these pre-approved offers is becoming a standard move for operators.

Source: PYMNTS

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