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American Express® Business Line of Credit In-Depth Review
In a nutshell: American Express® Business Line of Credit offers business lines of credit loans, providing funding directly to small businesses and consumers through an automated lending platform. It offers hundreds of thousands of businesses a broad set of cash flow management products and services.
American Express® Business Line of Credit In-Depth Review
In a nutshell: American Express® Business Line of Credit offers business lines of credit loans, providing funding directly to small businesses and consumers through an automated lending platform. It offers hundreds of thousands of businesses a broad set of cash flow management products and services.
American Express® Business Line of Credit In-Depth Review
In a nutshell: American Express® Business Line of Credit offers business lines of credit loans, providing funding directly to small businesses and consumers through an automated lending platform. It offers hundreds of thousands of businesses a broad set of cash flow management products and services.
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Overview

American Express® Business Line of Credit is a good option for small businesses looking for financing with short repayment terms. Instead of filling out paperwork, applicants provide their revenue data by connecting a business checking account, payment platform, or bookkeeping software. The application process is straightforward, and borrowers can get their funding in a timely manner. However, it charges fees, and its rates can often be higher than its competitors.

Loan Features

American Express® Business Line of Credit provides businesses with accessible financing, sometimes within a few days. Business owners can apply for loans in amounts ranging from $2,000 to $250,000. After the loan is approved, funds can take as little as a few minutes and as long as a few days to become available.

Even though they do a credit check, it focuses more on the revenue data provided by linked accounts and how long a business has been in business. However, applicants should have a minimum credit score of at least 660*.

*All businesses are unique and are subject to approval and review.

*American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval.

This review contains general information about the American Express® Business Line of Credit installment loan type only.

*The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.

Application Process

American Express® Business Line of Credit offers a very streamlined process for businesses in need of financing. No paperwork is needed as businesses just need to connect a payment platform like PayPal, a business checking account, or bookkeeping software. Businesses can also connect to business accounts on Etsy, eBay, or Amazon. American Express® Business Line of Credit uses connected revenue information to analyze business performance to set loan amounts and terms. Once terms are provided, an applicant can decide if they're going to accept the loan.

Repayment Terms

The exact repayment terms of your loan will depend on many factors including the term, loan amount, your credit score, market conditions, etc.

In general, for 6-month loans, the total monthly fees range from 3-9%. When it comes to a 12-month loan, that can go up to 6-18%, 18-month loans have the highest fees ranging from 9-27% while 24-month loans have a range of 12-18%. These fee estimates are subject to change and are meant as a reference only.

Customer Support

Customer support from American Express® Business Line of Credit is available via phone or email. They also offer online resources by providing detailed information through their online help center and FAQ. For more information or to contact them, customers may visit their pages on LinkedIn, Facebook, Instagram, or Twitter.

*Disclaimer: Any opinions, analyses, reviews, or recommendations expressed in this review are those of the author alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

prosAndCons icon
PROS
  • Flexible loan terms
  • Simple application
  • Borrow $2K to $250K
prosAndCons icon
CONS
  • Short repayment periods
  • Interest rates can be higher
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Top 3 Lenders
American Express® Business Line of Credit at a Glance
7.9Editorial Score
Loan terms
8.0
Competitive interest rates, reasonable range of loan terms
Application process
9.0
Application process for business loans is very streamlined and can be completed quickly online
Eligibility requirements
8.0
Require businesses to meet standard industry requirements, like credit score minimums and a proven business operational history
Additional benefits
6.0
Some access to financial advisorsbut this is generic rather than dedicated financial or loan advisors
Customer service and support
8.5
Provides extended customer service hours and a variety of contact methods, including phone, email, and chat, knowledgeable staff
FAQs About Merchant Cash Advance Loans
Looking for a merchant cash advance loan but not sure where to start? We're here to help! In addition to our in-depth brand reviews, we provide answers to some of the most commonly asked questions about merchant cash advance loans.
What is a Merchant Cash Advance?
A merchant cash advance (MCA) is a lump sum of capital given to a business in exchange for a percentage of future sales. The repayment is tied to daily credit card transactions, making it a flexible and fast funding option for businesses with fluctuating sales.
How do Merchant Cash Advances work?
With a merchant cash advance loan, you receive a lump sum upfront and repay it through a percentage of your daily revenue or credit card sales. The more sales you make, the faster you repay.
What are the benefits of a Merchant Cash Advance?
Merchant Cash Advance terms will vary depending on influencing factors. However, some typical terms apply:

  • Quick funding: Access cash in 24-48 hours.
  • Flexible repayment: Payments are based on sales.
  • No collateral: No assets required.
  • No credit score check: Approval depends on revenue, not credit score.
Are Merchant Cash Advances expensive?
MCA loans can be more costly than traditional loans due to higher fees and daily repayments. However, they offer faster funding and more flexibility for businesses with variable sales.
Who is eligible for a Merchant Cash Advance?
Eligibility typically requires a business with at least 6 months of operation, consistent monthly revenue (usually $5,000 or more), and a strong history of credit card sales.
How much can I borrow with a Merchant Cash Advance?
The amount you can borrow depends on your business’s monthly credit card sales. Lenders offer a percentage of those sales as an advance.
Is a Merchant Cash Advance right for my business?
MCA loans may be an option for businesses that need fast funding but don’t qualify for traditional loans, particularly those with high credit card sales or seasonal income.

Alternatives to this include small business loans, which you can apply for through banks or online lenders. You can choose from short-term or long-term business loans, depending on your financial circumstances. This option will always run a credit check, however, interest rates are relatively lower so acts as a suitable alternative for Merchant Cash Advances.

*American Express Business Line of Credit Disclosure: All businesses are unique and are subject to approval and review. The required FICO score may be higher based on your relationship with American Express, credit history, and other factors. American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval. This chart contains general information about the American Express® Business Line of Credit installment loan type only.
**Biz2Credit Disclosure: See website for details. Varies depending on product and qualifications.
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