American Express Business Line of Credit
What American Express Business Line of Credit publishes: "monthly loan fees may range from 0.55% to 1.55% of the original principal amount"
No APR is published. Pricing is a monthly loan fee: 'The monthly loan fee is calculated as a percentage of the original principal amount of the loan and is charged monthly during the term of the loan along with a portion of the principal.' 'Not all customers will be eligible for the lowest fee. Not all customers are eligible for all loan term lengths.' Monthly fee range 0.55% to 1.55% recorded as quoted, not converted to APR.
The rate you are offered is set by American Express Business Line of Credit after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | $2,000 to $250,000 |
| Term | 6 to 24 months |
| Rate type | fixed |
| Funding speed | Funds may take 1 to 3 business days to process and post, depending on your bank; with Amex Business Checking as the deposit account 'your funds are deposited immediately' (typically within seconds) |
| Origination fee | none stated |
| Prepayment penalty | No |
| Late fee | Late fees may be assessed. (amount not stated) |
| Minimum credit score | 660 |
| States | Not stated |
| Membership | Not required |
"FICO score of at least 660* at time of application (*The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.)"
- Origination fee none stated
- Funding: Funds may take 1 to 3 business days to process and post, depending on your bank; with Amex Business Checking as the deposit account 'your funds are deposited immediately' (typically within seconds)
- Borrow up to $250,000
- No prepayment penalty
| Legal name | American Express National Bank |
| Type | Bank |
| Website | https://www.americanexpress.com/en-us/business/blueprint/business-line-of-credit/ |
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
