American Express® Business Line of Credit Competitors: Compare Top Alternatives From Our Partners
American Express® Business Line of Credit Competitors: Compare Top Alternatives From Our Partners
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Max loan amount
$250,000
Min. credit score
625
Est. APR
14.00-48.00%
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Bluevine - Line of credit
Best for large line of credit
Max loan amount
$250,000
Min. credit score
625
Est. APR
14.00-48.00%
Pros
- Cash can be available within 12 to 24 hours.
- Can be used to build business credit.
- Low minimum credit score requirement.
Cons
- Requires weekly payments.
- Not available in North Dakota, South Dakota or Nevada.
- Rates can be high compared with traditional lenders.
Max loan amount
$100,000
Min. credit score
625
Est. APR
35.90-84.90%
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
OnDeck - Line of credit
Best for fast ongoing access to money
Max loan amount
$100,000
Min. credit score
625
Est. APR
35.90-84.90%
Pros
- Fast access to working capital.
- Accepts borrowers with a minimum credit score of 625.
- Streamlined application process with minimal documentation required.
- Can be used to build business credit.
Cons
- Not available in North Dakota.
- May require frequent weekly payments.
- Interest rates can be high compared with traditional lenders.
Max loan amount
$100,000
Min. credit score
625
Est. APR
35.00-80.00%
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Headway Capital - Line of credit
Best for flexible qualifications
Max loan amount
$100,000
Min. credit score
625
Est. APR
35.00-80.00%
Pros
- Flexible qualification requirements.
- No prepayment penalties.
- Funds available by next business day after approval.
Cons
- Most borrowers are subject to a 2% draw fee.
- Not available in all U.S. states.
Max loan amount
$150,000
Min. credit score
680
Est. APR
20.21%
Pros
- Monthly payments (as opposed to daily or weekly required by some online lenders).
- No prepayment penalties.
- Can be used to build business credit.
Cons
- Relatively high minimum credit score requirement compared to other online lenders.
- Charges an origination fee and an inactivity fee.
- Not available in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
Fundation - Line of credit
Best for repayment terms
Max loan amount
$150,000
Min. credit score
680
Est. APR
20.21%
Pros
- Monthly payments (as opposed to daily or weekly required by some online lenders).
- No prepayment penalties.
- Can be used to build business credit.
Cons
- Relatively high minimum credit score requirement compared to other online lenders.
- Charges an origination fee and an inactivity fee.
- Not available in Hawaii, Massachusetts, Michigan, North Dakota, New Jersey, Nevada, New York, Ohio, Pennsylvania or Tennessee.
Max loan amount
$150,000
Min. credit score
600
Est. APR
36.00-99.00%
Pros
- Financing available within one business day after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
Fundbox - Line of credit
Best for startups or bad credit
Max loan amount
$150,000
Min. credit score
600
Est. APR
36.00-99.00%
Pros
- Financing available within one business day after approval.
- Simple application with minimal documentation required.
- Low minimum credit score, time in business and annual revenue requirements.
- No prepayment penalties, account maintenance fees or inactivity fees.
Cons
- Rates are high compared with traditional banks.
- Weekly repayments required over a short term (maximum of 24 weeks).
What does American Express® Business Line of Credit offer?
American Express® Business Line of Credit offers business lines of credit from $
2000
to $250000
and repayment terms of six, 12, 18 or 24 months. Instead of traditional interest, American Express charges monthly fees depending on your loan’s term.Total monthly fees incurred over the loan term range are:
- 3% to 9% for six-month loans.
- 6% to 18% for 12-month loans.
- 9% to 27% for 18-month loans.
- 12% to 18% for 24-month loans.
This unique fee structure often makes it difficult to compare the cost of an American Express® Business Line of Credit to other products.
To qualify for this line of credit, you’ll need:
- A minimum FICO score of at least660at the time of application.
- To have started your business at least a year ago.
- Average monthly revenue of at least $3,000.
Note that the required FICO score may be higher based on your relationship with American Express, credit history, and other factors. You must also be able to link a bank account that shows business revenue to qualify. It’s also important to remember that all businesses are unique and are subject to approval and review.
Alternatives to the American Express® Business Line of Credit
Bluevine
Best for large line of credit
» MORE: Best large business loans
Like American Express, Bluevine offers business lines of credit up to $
250000
. Bluevine may be the right option for you if you need quick access to funds and have a lower minimum credit score than what Amex requires.With Bluevine, you can complete your application and receive a decision in as little as five minutes. Funds can be available within hours if you choose the bank wire option (which requires a $15 fee) — and in one to three business days if you choose an ACH transfer.
The Bluevine line of credit has weekly payments over a six-month term. The lender’s APR ranges from approximately 14% to
48
%.To qualify for a line of credit from Bluevine, you’ll need to meet the following minimum requirements:
- Credit score:625.
- Time in business:12months.
- Monthly revenue: $10,000.
So, although Bluevine might be a better option for those with a lower credit score, its revenue requirement is higher than American Express.
OnDeck
Best for fast ongoing access to money
» MORE: Best fast business loans
OnDeck’s line of credit is available in amounts up to $
100000
with weekly or monthly payments and terms of 12, 18 or 24 months. While the first draw on this line of credit may take up to three business days, subsequent draws can be made instantly if using a debit card. This is a useful feature if you need quick access to working capital, especially for time-sensitive expenses. The American Express® Business Line of Credit has a similar feature, but you’ll need an Amex business checking account.
To qualify for a line of credit from OnDeck, you’ll need to meet the following minimum requirements:
- Credit score:625.
- Time in business:12months.
- Monthly revenue: Approximately $8,333.
» MORE: Best same-day business loans
Headway Capital
Best for flexible qualifications
» MORE: Best easy business loans
Headway Capital’s line of credit provides funding up to $
100000
and has less stringent qualification requirements than American Express. For example, small-business owners may be able to qualify for a Headway Capital line of credit with a minimum credit score of 625
and just 6
months in business. However, the American Express® Business Line of Credit has a lower business revenue requirement.To qualify for a line of credit from Headway Capital, you’ll need to meet the following minimum requirements:
- Credit score:625.
- Time in business:6months.
- Monthly revenue: Approximately $4,166.
Fundation
Best for repayment terms
» MORE: Best long-term business loans
Like American Express, Fundation’s longest repayment period for drawn funds on its line of credit stretches to
24
months and allows for monthly payments (as opposed to daily or weekly). Small-business owners may borrow as much as $150000
, but it’s not available in all states or for all industries.To qualify for a line of credit from Fundation, you’ll need to meet the following minimum requirements:
- Credit score:680.
- Time in business:12months.
- Monthly revenue: Approximately $4,166.
Fundbox
Best for startups or bad credit
» MORE: Best startup business loans
Fundbox can be a good option for startups or borrowers with bad credit who might not meet American Express® Business Line of Credit’s qualification requirements.
Fundbox can also be a worthwhile choice for fast financing and smaller funding amounts. Business owners can borrow as little as $
100
for smaller projects, while many lenders require a minimum loan of several thousand dollars. Fundbox’s line of credit is available up to $150000
with weekly payments over a 12- or 24-week term.After applying for a line of credit, you can receive approval in as little as three minutes and funds as soon as the next day.
Fundbox charges interest rates that vary based on your qualifications and repayment term. This line of credit has an approximate APR range of
36
% to 99
%.To qualify for a line of credit from Fundbox, you ’ll need to meet the following minimum requirements:
- Credit score:600.
- Time in business:3months.
- Monthly revenue: $2,500.
*
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 content contains general information about the American Express® Business Line of Credit*
installment loan type only. Last updated on March 3, 2025
Methodology
NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including: transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to business credit bureaus and responsible lending practices. We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans and our editorial guidelines.
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.
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