Term Length 6 or 12 months Loan Amount Up to $250,000 Minimum Credit Score 625 Required Time in Business 6+ months We encourage consumers to do additional research before making a commitment. Note: While the American Express Business Line of Credit is worthy of our top pick, some customers have had a bad experiences with the application process and the customer service department. And if you qualify, your online application may get approved in minutes, and your funds disbursed within a business day of your loan offer. 18-month term: 15.75-27% of your monthly balanceĮach draw on your line of credit is considered a separate loan with its own term and fee.Īmerican Express doesn’t charge an origination fee or prepayment penalty.12-month term: 7.5-18% of your monthly balance.6-month term: 2-9% of your monthly balance.Instead, you’ll pay a flat fee based on your current monthly balance and loan term: This product doesn’t feature an APR or interest rate. ![]() That means this business funding option could be great for a startup. While the company requires at least a 640 credit score (the highest of the working capital loans we reviewed), its income requirement is the lowest we've seen: $3,000 per month, on average. The American Express Business Line of Credit provides qualified business owners up to $250,000 in working capital and allows them to take up to 18 months to pay off what they borrow. ![]() Why we chose this company: American Express Business Blueprint (formerly Kabbage Funding) offers a convenient line of credit with strong financial backing. Term Length 6, 12, or 18 months Loan Amount Up to $250,000 Minimum Credit Score 640 Required Time in Business 1+ years
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