The expansion, detailed in a company press release, aims to give small businesses quicker, simpler access to capital through the payment platforms they already use, bypassing the lengthy applications typical of traditional lenders.
According to the release, term loans will target more established merchants that need larger sums and prefer a fixed monthly repayment schedule, while “starter” offers are designed for newer businesses with limited credit histories.
Product Manager Jason Ruckman said the new options reflect NMI’s focus on helping merchants secure funding at critical moments—whether to stock inventory before a busy season, replace equipment, cover unexpected cash‑flow gaps, or seize growth opportunities.
The company argues that its embedded‑finance model reduces friction: merchants can apply for financing directly within the NMI ecosystem, eliminating separate paperwork and reducing uncertainty about fund availability.
Industry data cited by PYMNTS supports the move. A September 7 intelligence report found that 93 % of businesses experience friction when using built‑in financial tools, yet the same share reported high satisfaction and 94 % said they plan to increase investment in embedded finance over the next three years.
In June, NMI CEO Steve Pinado told PYMNTS that businesses are weighing cost, speed, settlement requirements and customer preferences when choosing money‑movement solutions, a shift that is pushing payment providers to evolve from pure processors to broader financial partners.
NMI’s expanded Business Capital service is positioned as a response to that shift, offering merchants a streamlined path to funding while giving NMI’s partner ecosystem a new revenue stream.