American Express Business Loans is a lender that provides collateral-free financing solutions to its pre-approved Business Card Members. It offers business loans of up to $50,000. In this article, we cover user reviews and fees. Ready to get started with American Express Business Loans? Visit their website.
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What American Express Business Loans Does Well
Users who gave American Express Business Loans a positive review said that the product is an accessible source for quick capital loans. Others also commended the customer support team for being prompt and responsive to their queries.
One user who gave American Express Business Loans a positive review on Merchant Maverick said that his funds were approved and delivered fast. He also shared that the service rates were competitive compared to other similar providers.
What American Express Business Loans Does Not Do Well
As of the date this article was written (11/23/2018), there are not a lot of American Express Business Loans negative reviews online. However, some were upset to find out that it’s only available to pre-approved AMEX Business Card Members.
American Express Business Loans offers business loan amounts from $3,500 to $50,000. It can be repaid monthly for 12, 24, or 36 months. There are fixed interest rates that range from 6.98% to 19.97% depending on the loan amount, as well as the repayment terms.
Ready to get started with American Express Business Loans? Visit their website.
Top American Express Business Loans Alternatives
Repayment terms up to three years on funding up to $500,000
Traditional bank term loans available nationwide with low rates
Online term loans with repayment terms up to seven years
Bank term loans up to $200,000 with terms up to five years
Evaluating funding options with a free online lending marketplace
Top Lenders Pick from Fit Small Business
Best SBA Lenders: Top 100 SBA Lenders — Picking the best SBA lender to work with on your financing needs will depend on many factors, such as their location and specialty. In this review, we chose the 10 top SBA lenders by considering both the number of SBA loans and the total amount of SBA loans each lender has approved in the fiscal year 2018, based on SBA data.
American Express Business Loans Features
Check out the list below of some of American Express Business Loans’ features:
- Online Application Process
- No Collateral Required
- No Personal Guarantee Required
- Loan Term of 1-3 Years
- Competitive Interest Rates
- Automated Repayment Process
American Express Business Loans FAQ
What is the basis of AMEX loan approvals?
How long does it take before funds are disbursed to loan applicants?
How long does the approval process take?