Last Updated: 06/21/2025
American Express Business Loans
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Last Updated: 06/21/2025
SuperMoney User Recommendation Score -67
Strongly not recommended6 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$3,500 - $75,000
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APR (Fee-Based Product)
6.98% - 19.97%(Verified 06/21/2024)
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Loan Term (Months)
6 - 36
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Number of Reviews
American Express Business Loans Review
American Express Merchant financing is a business financing offering by American Express® National Bank, based in New York, NY. Founded in 1850, American Express® National Bank offers access to small business loans in 50 states (and Washington, DC).
American Express Merchant financing FAQ
What are American Express Merchant financing rates?
This is a fee-based business loan. This means borrowers pay a percentage of the business loan balance as a fixed-fee instead of an ongoing APR. American Express Merchant financing offers small business loans with a finance charge ranging from % to % of the business loan's amount.
The equivalent APR will vary depending on the terms. SuperMoney tried to run the numbers and a typical APR for this product ranges from 6.98% APR up to 19.97% APR.
Does American Express Merchant financing charge an origination fee?
No, American Express Merchant financing does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a business loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does American Express Merchant financing charge a late fee?
Yes, American Express Merchant financing charges borrowers with a late payment fee of up to $39 or 2.99% of the past due amount, whichever is greater .Does American Express Merchant financing charge prepayment fees?
No, American Express Merchant financing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from American Express Merchant financing?
Business loan amounts start at $3,500 and go up to $75,000.
What is the maximum business loan term you can get with American Express Merchant financing?
American Express Merchant financing offers small business loans with terms ranging from 6 to 36 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for American Express Business Loans?
American Express Business Loans requires companies to be in business for at least 24 months. Businesses must have a minimum annual revenue of $50,000 to be considered.
Applicants with a credit score of at least 625 and up to 850 may be eligible for American Express Business Loans. U.S. citizens and permanent resident / green card holders with a U.S. tax identification number are eligible to apply for the services offered by American Express Business Loans. An uncommon feature is for lenders to offer their services to non-residents. American Express® National Bank is one of the few that does.
To qualify, applicants may need to provide the following documentation:
- Business formation documents
- Driver's license or other government photo ID
- Government issued photo ID
- Proof of identity
- Proof of citizenship or residence permit
- U.S. tax identification number
What is the estimated funding time for a business loan via American Express Merchant financing?
American Express Merchant financing can fund small business loans within 21 business days.
Does American Express® National Bank perform a hard credit pull?
Yes, American Express Merchant financing performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Provider Disclosure: Must be a qualified American Express accepting Merchant. Because Merchant Financing is a commercial loan, proceeds may only be used for business purposes. In addition, these funds may not be used to pay dividends to principals or pay off debts to an American Express affiliate, to purchase real estate or fund construction, or for personal, family or household purposes. If you pay the loan off early, your business could qualify for a rebate on up to 25% of your fixed fee so long as there’s
been no default on your loan and the following criteria are met:
•6-month term: 25% rebate if paid in full within 90 days of disbursement; 10% rebate if paid in
full within 135 days.
•12-month term: 25% rebate if paid in full within 180 days of disbursement; 10% rebate if paid
in full within 270 days.
•24-month term: 25% rebate if paid in full within 360 days of disbursement; 10% rebate if paid
in full within 540 days.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from American Express Merchant financing
Hours of Operation
Sunday7:00AM - 12:00AMMonday7:00AM - 12:00AMTuesday7:00AM - 12:00AMWednesday7:00AM - 12:00AMThursday7:00AM - 12:00AMFriday7:00AM - 12:00AMSaturday7:00AM - 12:00AM
Other Services by American Express® National Bank
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Savings Accounts
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Business Lines of Credit
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Merchant Cash Advance
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Personal Loans
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Credit Monitoring Services
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Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
SuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -67, or 1.7 on a 5-point rating scale.
-67
-1000+100
No one recommends
Everyone recommends
Reviewer Sentiment Over Time
American Express Business Loans Community Reviews
Would you recommend American Express Business Loans to your friends?
RG
Ron G.
Oct 20, 2023
Would not Recommend
American Express will look at your transactions in the checking account you authorize them for re-payment. If they see a low balance or an overdraft, they will cut you line or freeze it. I was shocked that they download those transactions. Very invasive. And since they cut the line, it puts my business at a disadvantage. I have exited American Express for all business accounts. ...Show More
CD
Cedric D.
Aug 20, 2021
Would not Recommend
I absolutely don't recommend this company. I started my business one year ago and I actually made the mistake of working with them. Even during the pandemic where I had trouble making ends meet, I was still being charged the same repayment fees after I was told that they would adjust. Please stay away from this company and take your money elsewhere.
U
Anonymous
Dec 12, 2019
Would not Recommend
I referred numerous clients to them. The experience was awful. Declines of 90%+ even for excellent credit. Underwriting slow with repeated requests for extra docs. Loan offers that don't resemble the ads. It's a waste of time.
DW
David W.
Jul 7, 2019
Would not Recommend
Get every single thing they tell you, in writing. Everything. They told me over the phone that in the event of a business slowdown they would work with us on the minimum monthly repayment amount until we resumed normal operations. Not true. They sued. Just get everything in writing. Everything. You never expect a slowdown to hit but sometimes things happen unexpectedly.
TM
T M.
Apr 10, 2019
Would not Recommend
STAY AWAY FROM THIS COMPANY!! When it was time for my last payment I called to verify the last payment date per my contract. THEY ARE STILL TAKING MONEY OUT OF MY ACCOUNT LONG AFTER THEY HAVE TAKEN THE TOTAL AGREED PER THE CONTRACT! Their excuse----the company continues to take out the daily amount until the final payment clears their bank-usually 5 business days. So they ...Show More
Andrew L.
Sep 10, 2018
Would Recommend
The rates are very competitive for this type of loan. If your business accepts American Express cards and you're interested in a merchant financing loan, check this product out.
Showing 6 of 6 reviews
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