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Rating: 8.2 / 10 (Excellent)
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American Express is a financial services company that offers a wide range of consumer and business lending products. The company has a BBB A+ rating, and a 5-star TrustPilot score. American Express is headquartered in New York, New York.
 
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How is American Express rated?

Breakdown

4.5/5
Loan Options
3.6/5
Application Requirements
3.9/5
Average Rates & Fees

Overall Rating: 4.1 / 5 (Excellent)

American Express® Business Loans are unsecured loans exclusively available to pre-approved American Express Business Card Members. These fixed-rate loans are designated for business-related expenses, including consolidating non-American Express® business card debt, procuring inventory, expanding operations, or enhancing working capital.

Loan Options

Term Loans

Min Loan Amount
$2,000
Max Loan Amount
$250,000
Min Term Length
6 months
Max Term Length
24 months

Loan Options - 4.5 / 5

American Express offers fixed-rate term loans for small businesses. Loan amounts range between $3.5K and $75K and are available in terms of 6, 12, 24 and 36 months.

American Express Rates & Fees

Average Rates & Fees - 3.9 / 5

American Express® Business Loans are payable in fixed monthly installments. The amount of your monthly payment will depend on the amount you borrow, the repayment period you select and the total interest paid on your loan (based on the APR).

There are no application or origination fees. There are also no prepayment penalties if you decide to pay your loan off early.

Application & Qualifications

Online Application
Funding Time
Once you’ve reviewed and accepted the terms of your American Express® Business Loan, American Express will send your loan funds typically within 3 to 5 business days to the bank or business card bank account(s) identified in your application.

Application Requirements - 3.6 / 5

Business loans by American Express® are only available to eligible American Express® Business Card Members. Eligibility is based on at least 1 year of account history, creditworthiness, and other factors. You must also be a US Citizen or resident of the US or its territories and be at least 18 years old.

American Express Reputation

Customer Feedback

Trustpilot Score
5.0 out of 5
BBB Rating
A+
Date Collected
2024-02-07

Consumer Education - 4.4 / 5

American Express publishes a blog geared toward business customers called "Business Class: Trends and Insights." The company also hosts its own podcast and posts educational videos on its website.

Contact & Additional Information

Homepage URL
https://www.americanexpress.com/en-us/business/blueprint/business-line-of-credit/
Company Phone
(888) 781-6972
Year Founded
1850
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  • Loan Amounts: Ranging from $2,000 to $250,000
  • Minimum Credit Score: 660* FICO
  • Minimum Time in Business to apply: At least 1 year
*The required FICO score may be higher based on your relationship with American Express, credit history, and other factors. Regarding all minimum requirements that are highlighted, be aware that all businesses are unique and are subject to review and approval
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