American Express Business Loans

American Express Business Loans [Small Business Loans Review 2022]

Bucky Wucky does have sponsors, and we may work with companies to provide you with the best content, information, and data on business and personal finance. Some links on our site may be affiliate links. While our sponsors may pay us, we only work with companies that align with Bucky Wucky’s values.

American Express Business Loans

American Express is widely known for its credit cards and needs no introduction, but what many people don’t know is that American Express also offers short and medium-term loans to businesses with market competitive rates.

Amex business loans are only available to businesses that have an American Express business credit card, or businesses that accept Amex card payments.

Helpful Business Links

Divvy Business Credit Card: Fast and flexible business credit when you need it.

Divvy Business Credit Builder: A program to help businesses build their credit.

Swipesum: Find the cheapest credit card processing solution that is best for your business.

Toptal: Hire ex-Google, Apple, and SpaceX freelancers online.

99designs: Create graphic design contests with top talent from around the world.

Carbon Easy: Grow your business by carbon offsetting with Paying Green®.

Services Offered

American Express offers the following loan products:

  • Merchant financing
  • Working capital
  • Business loans

Eligibility Criteria

The eligibility criteria are as follows:

  • Time In Business. 2 years.
  • Personal Credit Score. Not disclosed.
  • Business Revenue. $50,000 annually.

Merchant financing requires businesses to accept Amex cards, and for working capital and business loans, they require the applicant to be an Amex business credit cardholder.

Rates and Terms

Terms and rates for Amex lending services are as follows:

Merchant Financing

  • Borrowing Limit. $5,000 – $2,000,000.
  • Term Length. 6 months, 12 months, 24 months.
  • Fixed Fee. 6 months: 1.75% – 7%. 12 months: 3.5% – 14%. 24 months: 7% – 28%.
  • Origination Fee. Not applicable.
  • Early Payment Penalty. Not applicable.
  • Late Fees. Greater of $39 or 2.9% of the outstanding amount.

The merchant financing may sound similar to a merchant cash advance but it isn’t. It doesn’t function like a purchase of future sales, instead it is more like a term loan.

Merchant financing carries a fixed rate which applies to the principal sum. Since there is no early payment penalty, borrowers are incentivized to pay the loan off early based on the following terms: 

  • 6-Month Term Limit. 25% rebate for paying within 90 days. 10% rebate for paying within 135 days.
  • 12-Month Term Limit. 25% rebate for paying within 180 days. 10% rebate for paying within 270 days.
  • 24-Month Term Limit. 25% rebate for paying within 360 days. 10% rebate for paying within 540 days.

Merchant refinancing can be paid back through 4 different options. 

  • Amex Receivables. With this option, Amex holds back a certain percentage of daily receivables.
  • Split Funding. With this option, the borrower will share a percentage of their daily receivables.
  • Transfer Account. With this option, a temporary transfer account will be opened up with Wells Fargo, where the total receivables of the borrower will be transferred. Wells Fargo will then deduct a certain percentage of receivables and transfer them to Amex.
  • Automated Clearing House (ACH). With this option, a fixed amount will be directly deducted from the borrower’s bank account every day. 

There is also a loan calculator on the site that can be used to get tentative rates and a rough idea of what you may be offered. 

Working Capital

Here are the terms for Amex’s Working Capital loans:

  • Borrowing Limit. $500 – $150,000.
  • Term Length. 30 days, 60 days 90 days.
  • Fixed Fee. 0.6% – 5.25% of the borrowing amount.
  • Origination Fee. Not Applicable.
  • Collateral. Not Applicable.
  • Late Fees. Greater of $39 or 2.9% of the outstanding amount. 
  • Early Payment Penalty. Not Applicable.

The working capital loans are only offered to customers who hold Amex business credit cards. The working capital loan allows cardholders to take out short term loans that need to be paid in full at the end of the term, not during it.

The loan however is paid directly to a third-party vendor and not directly to the borrower. Repayments are directly debited from the borrower’s bank, so borrowers will need to have sufficient funds in their bank accounts.  

American Express Small Business Loans

Business Loans

  • Borrowing Limit. $3,500 – $75,000.
  • Term Length. 6 months, 1 year, 2 years, 3 years.
  • APR. 6.98% – 19.97%.
  • Origination Fee. Not Applicable.
  • Collateral. Not Applicable.
  • Late Fees. Greater of $39 or 2.9% of the outstanding amount. 
  • Early Repayment Penalty. Not Applicable

Amex business loans are a medium-term loan exclusively for business credit cardholders. Interested applicants can check their pre-approved rate online through their account with Amex and then simply apply if deemed eligible.

Business loans do not have a fixed rate, instead they have an APR which means that the rate borrowers will get will depend heavily on the credit score. The better the credit score, the better the rate will be.

Application Process

  • Applicants need to be existing users of Amex cards

To be eligible for American Express merchant financing, borrowers need to have a business that accepts Amex cards. The application process is simple and can be initiated through the site. 

Working capital and business loans require borrowers to have Amex business cards, and business loans require borrowers to create an account on the Amex site to be pre-approved for the loan. If pre-approved, the funds can be withdrawn anytime.

Customer Service

American Express can be contacted via:

  • Phone 
  • Email
  • Company website
  • Social media platforms

Amex Business Loan Reviews & Complaints

User reviews for American Express are generally positive as one would expect for a company of this size and stature.

The positive reviews focus on the fast and convenient process starting from the application to the transfer of funds, the helpful customer service, and competitive rates.

Whereas the negative reviews are mainly about confusing terms and rates. Non-current Amex customers complain about needing to set up a whole new account infrastructure to become eligible for the lending services.

Pros and Cons


  • Fast and convenient
  • Pre-approved
  • Competitive rates


  • Only for existing Amex customers

American Express Small Business Loans: Final Thoughts

Lending services offered by American Express are ideal for borrowers who are already customers of American Express and using their business cards or point of sale card processing service.

If you are not an existing Amex customer then you may be better off looking at other lenders that don’t require you to set up an account infrastructure just to access the loan services.

Check Your Eligibility

Simply because your business accepts American Express® Cards, you can apply to get a fixed fee business loan between $5,000 and $2,000,000. Terms apply.


Enjoy our America Express Business Loans review?

You may also be interested in No Credit Check Loans For Small Business.