American Express® Business Line of Credit
Read our FAQs and detailed guides to learn more about using your Business Line of Credit.
An American Express® Business Line of Credit is a line of credit extended to a business which has first applied and been approved. Once approved, the business is assigned a specific line amount which is subject to change. Subject to ongoing credit review, the business has flexible access to the line of credit funds and can draw (“take a loan”) from the line as often as needed up to the available line amount. Each draw on the line of credit will result in a separate loan agreement.
American Express® Business Line of Credit offers two types of loans:
- Installment loans are repaid in fixed monthly amounts along with a portion of the loan fee over a set period. These loans may be available in 6-, 12-,18-, or 24-month loan term lengths, subject to eligibility, and they can be used for disbursements to your bank account or for direct payments to an eligible payee*. With installment loans, you will save on unposted loan fees if you repay the loan early.
- Single repayment loans are available in 1-, 2-, or 3-month loan term lengths, subject to eligibility; they can only be disbursed as a payment directly to an eligible payee*; and they do not require monthly repayments. Instead, for single repayment loans, both the principal and the loan fee are repaid in full at the end of the loan term. Single repayment loans also differ from installment loans as there is no early repayment benefit, meaning you will not save on loan fees by repaying your loan before the due date. Single repayment loans may become available to eligible new and existing Business Line of Credit customers at different times.
With both types of loans, after an outstanding balance is repaid, the Business Line of Credit may replenish, subject to ongoing review of the financial profile of the business, including history with American Express and other financial institutions, credit history, and other factors.
*A payee is a third-party business or individual you are paying for business purposes. A payee must be located in the U.S. or U.S. territories. You or your business cannot be added as a payee.
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Deposit accounts offered by American Express National Bank. Member FDIC.
TERMS AND CONDITIONS
American Express and Amex are registered trademarks of American Express.
American Express Business Blueprint™ is the small business digital experience that allows a customer to view on one digital dashboard summary account information for the following American Express small business products: American Express® Business Cards, American Express® Business Line of Credit, and American Express® Business Checking. The customer can also choose to link their third-party issued business bank accounts and business credit cards to Business Blueprint. Not all third party accounts or cards can be connected to Business Blueprint. Business Blueprint allows the customer to view data insights and track their business cash flow and expenses by viewing reports that American Express prepares using the customer’s linked account information. Business Blueprint provides a 30-day bank account balance projection, using the daily balances from the customer’s linked bank accounts from the last 90 days. To be used in the account balance projection, the customer’s bank account must have at least 90 days of data available. While the cash flow management service from Business Blueprint is currently free, each of the business products from American Express that are visible in Business Blueprint has its own fees, eligibility criteria, application process and approval requirements. The Business Blueprint service (including any data insights provided to the customer) does not constitute legal, tax, financial or accounting advice, and is not a substitute for obtaining competent personalized advice from a licensed professional. You should seek professional advice before making any decision that could affect the financial health of your business. American Express makes no representations as to the accuracy, completeness or timeliness of the reports, projections, data or account information that are available to the customer from Business Blueprint.
American Express® Business Line of Credit
American Express® Business Line of Credit offers access to a commercial line of credit ranging from $2,000 to $250,000; however, you may be eligible for a larger line of credit based on our evaluation of your business. Each draw on the line of credit will result in either a separate installment loan or a single repayment loan. All loans are subject to credit approval and are secured by business assets. Every loan requires a personal guarantee. For single repayment loans, we charge a total loan fee that ranges from 0.95%-1.80% of the amount you borrow for 1-month loans, 1.90%-3.75% for 2-month loans, and 2.85%-6.05% for 3-month loans. Single repayment loans incur a loan fee at origination and the principal and total loan fee are due and payable at loan maturity. There are no required monthly repayments for a single repayment loan. Repaying a single repayment loan early will not reduce the loan fee we charge you. For installment loans, we charge a total loan fee that ranges from 3-9% of the amount you borrow for 6-month loans, 6-18% for 12-month loans, 9-27% for 18-month loans, and 12-18% for 24-month loans. Installment loans incur a portion of the total loan fee for each month you have an outstanding balance. If you repay the total of the principal of an installment loan early, you will not be required to pay loan fees that have not posted for subsequent months. For each loan that you take, you will see the applicable loan fee before you take the loan. Once you take the loan, the loan fees that apply to that loan do not change. We reserve the right to change the loan fees that we offer you for new loans at any time. American Express reserves the right to offer promotions to reduce or waive loan fees from time to time. Not all customers will be eligible for the lowest loan fee. Not all loan term lengths are available to all customers. Eligibility is based on creditworthiness and other factors. Not all industries are eligible for American Express® Business Line of Credit. Pricing and line of credit decisions are based on the overall financial profile of you and your business, including history with American Express and other financial institutions, credit history, and other factors. Lines of credit are subject to periodic review and may change or be suspended, accompanied with or without an account closure. Late fees may be assessed. Loans are issued by American Express National Bank.
Single repayment loans may become available to eligible existing and new Business Line of Credit customers at different times.
American Express® Business Checking Account
We are currently accepting applications from eligible U.S. businesses. Not all applicants will be approved for a Business Checking account. To learn more about Business Checking, including eligibility, visit https://www.americanexpress.com/en-us/business/checking/.
Membership Rewards® Program
Terms and Conditions for the Membership Rewards® program apply. Visit membershiprewards.com/terms for more information. Participating partners and available rewards are subject to change without notice.
The value of Membership Rewards® points varies according to how you choose to use them. To learn more, go to www.membershiprewards.com/pointsinfo
Kabbage Payments, LLC is a registered Payment Service Provider/Payment Facilitator sponsored by Fifth Third Bank, N.A., Cincinnati, OH.