Vice President of Content | SBA, small business, startups, entrepreneurs
Hanah Cho is Vice President of Content. She led multiple NerdWallet teams focused on personal finance before being promoted to deputy director and then director. She originally joined NerdWallet as a writer, covering small business. Before that, she covered business and startups at The Dallas Morning News, and previously was a business writer for The Baltimore Sun. She also was treasurer of the Texas Chapter of the Asian American Journalists Association.
Senior Writer & Content Strategist | Small business, business banking, business loans
Randa Kriss is a senior writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured by The Washington Post, The Associated Press and Nasdaq, among others. Randa earned a bachelor's degree in English and Spanish at Iona University (formerly Iona College).
Vice President of Content | SBA, small business, startups, entrepreneurs
Hanah Cho is Vice President of Content. She led multiple NerdWallet teams focused on personal finance before being promoted to deputy director and then director. She originally joined NerdWallet as a writer, covering small business. Before that, she covered business and startups at The Dallas Morning News, and previously was a business writer for The Baltimore Sun. She also was treasurer of the Texas Chapter of the Asian American Journalists Association.
Senior Writer & Content Strategist | Small business, business banking, business loans
Randa Kriss is a senior writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured by The Washington Post, The Associated Press and Nasdaq, among others. Randa earned a bachelor's degree in English and Spanish at Iona University (formerly Iona College).
Sally Lauckner has over a decade of experience in print and online journalism. Before joining NerdWallet, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. She has a master's in journalism from New York University and a bachelor's in English and history from Columbia University. Email: slauckner@nerdwallet.com.
Sally Lauckner has over a decade of experience in print and online journalism. Before joining NerdWallet, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. She has a master's in journalism from New York University and a bachelor's in English and history from Columbia University. Email: slauckner@nerdwallet.com.
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NerdWallet's small-business loans content, including ratings, recommendations and reviews, is overseen by a team of writers and editors who specialize in business lending. Their work has appeared in The Associated Press, The Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict guidelines for editorial integrity to ensure accuracy and fairness in our coverage.
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Vice President of Content | SBA, small business, startups, entrepreneurs
Hanah Cho is Vice President of Content. She led multiple NerdWallet teams focused on personal finance before being promoted to deputy director and then director. She originally joined NerdWallet as a writer, covering small business. Before that, she covered business and startups at The Dallas Morning News, and previously was a business writer for The Baltimore Sun. She also was treasurer of the Texas Chapter of the Asian American Journalists Association.
Senior Writer & Content Strategist | Small business, business banking, business loans
Randa Kriss is a senior writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured by The Washington Post, The Associated Press and Nasdaq, among others. Randa earned a bachelor's degree in English and Spanish at Iona University (formerly Iona College).
Vice President of Content | SBA, small business, startups, entrepreneurs
Hanah Cho is Vice President of Content. She led multiple NerdWallet teams focused on personal finance before being promoted to deputy director and then director. She originally joined NerdWallet as a writer, covering small business. Before that, she covered business and startups at The Dallas Morning News, and previously was a business writer for The Baltimore Sun. She also was treasurer of the Texas Chapter of the Asian American Journalists Association.
Senior Writer & Content Strategist | Small business, business banking, business loans
Randa Kriss is a senior writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured by The Washington Post, The Associated Press and Nasdaq, among others. Randa earned a bachelor's degree in English and Spanish at Iona University (formerly Iona College).
Sally Lauckner has over a decade of experience in print and online journalism. Before joining NerdWallet, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. She has a master's in journalism from New York University and a bachelor's in English and history from Columbia University. Email: slauckner@nerdwallet.com.
Sally Lauckner has over a decade of experience in print and online journalism. Before joining NerdWallet, Sally was the editorial director at Fundera, where she built and led a team focused on small-business content. Her prior experience includes two years as a senior editor at SmartAsset, where she edited a wide range of personal finance content, and five years at the AOL Huffington Post Media Group, where she held a variety of editorial roles. She has a master's in journalism from New York University and a bachelor's in English and history from Columbia University. Email: slauckner@nerdwallet.com.
NerdWallet's content is
fact-checked for accuracy, timeliness, and relevance by humans.
It undergoes a thorough review process involving writers and editors to ensure
the information is as clear and complete as possible. Learn more by checking
our
Editorial Guidelines.
Content was accurate at the time of publication.
Why trust NerdWallet
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small business and personal finance.
50+ categories of the best business loan selections.
NerdWallet's small-business loans content, including ratings, recommendations and reviews, is overseen by a team of writers and editors who specialize in business lending. Their work has appeared in The Associated Press, The Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict guidelines for editorial integrity to ensure accuracy and fairness in our coverage.
Advertiser disclosure
You’re our first priority.
Every time.
We believe everyone should be able to make financial decisions with
confidence. And while our site doesn’t feature every company or
financial product available on the market, we’re proud that the guidance
we offer, the information we provide and the tools we create are
objective, independent, straightforward — and free.
So how do we make money? Our partners compensate us. This may influence
which products we review and write about (and where those products
appear on the site), but it in no way affects our recommendations or
advice, which are grounded in thousands of hours of research. Our
partners cannot pay us to guarantee favorable reviews of their products
or services. Here is a list of our partners .
American Express® Business Line of Credit* can be a good option for borrowers with fair credit who want access to working capital — but it may not be the right choice for you.
If you’re looking for an alternative to this small-business loan, you can compare the following online lenders that offer similar lines of credit.
Why trust NerdWallet
250+ small-business products reviewed and rated by our team of experts.
80+ years of combined experience covering small business and personal finance.
50+ categories of the best business loan selections.
NerdWallet's small-business loans content, including ratings, recommendations and reviews, is overseen by a team of writers and editors who specialize in business lending. Their work has appeared in The Associated Press, The Washington Post, MarketWatch, Nasdaq, Entrepreneur, ABC News, MSN and other national and local media outlets. Each writer and editor follows NerdWallet's strict guidelines for editorial integrity to ensure accuracy and fairness in our coverage.
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Not available in North Dakota, South Dakota or Nevada.
Rates can be high compared with traditional lenders.
Bluevine stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
Not available in North Dakota, South Dakota or Nevada.
Rates can be high compared with traditional lenders.
Bluevine stands out for its fast funding speed and flexible qualification requirements. To get a line of credit, you can apply quickly online and receive funding in as little as 24 hours. Newer businesses and borrowers with bad credit may be able to qualify. Bluevine also offers a larger credit line maximum compared to some competitors and doesn’t charge draw or account maintenance fees.
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’s fast line of credit is a standout option for small-business owners with less-than-stellar credit who need working capital. This line of credit offers flexible repayment options, allowing you to choose between three term options and a weekly or monthly frequency. It’s also a good option for borrowers who don’t want to risk their company assets; OnDeck’s line of credit does not require physical collateral and it doesn’t take a UCC lien out on your business.
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’s fast line of credit is a standout option for small-business owners with less-than-stellar credit who need working capital. This line of credit offers flexible repayment options, allowing you to choose between three term options and a weekly or monthly frequency. It’s also a good option for borrowers who don’t want to risk their company assets; OnDeck’s line of credit does not require physical collateral and it doesn’t take a UCC lien out on your business.
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 offers a fast and flexible business line of credit that’s a good option for those who can’t qualify for traditional financing. The lender can work with startups and businesses with low revenue. Headway can fund applications as fast as the next day after approval. Unlike some online lines of credit, however, you’ll likely have to pay a draw fee to access your funds from Headway.
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 offers a fast and flexible business line of credit that’s a good option for those who can’t qualify for traditional financing. The lender can work with startups and businesses with low revenue. Headway can fund applications as fast as the next day after approval. Unlike some online lines of credit, however, you’ll likely have to pay a draw fee to access your funds from Headway.
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’s line of credit offers a flexible financing option for small-business owners by providing access to working capital to cover unexpected expenses, fuel business growth and more.
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’s line of credit offers a flexible financing option for small-business owners by providing access to working capital to cover unexpected expenses, fuel business growth and more.
Financing available within two business days 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 is one of the best online line of credit options for startups. Businesses with just three months in business may be able to qualify. Fundbox is also a good option for borrowers with bad credit and businesses with low revenue. The lender offers a flexible short-term line of credit that can fund within two business days after approval.
Financing available within two business days 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 is one of the best online line of credit options for startups. Businesses with just three months in business may be able to qualify. Fundbox is also a good option for borrowers with bad credit and businesses with low revenue. The lender offers a flexible short-term line of credit that can fund within two business days after approval.
Minimum credit score: 600.
Minimum time in business: 3 months.
Minimum annual revenue: $30,000.
Jump to
Editor's note:
This page includes information about the American Express® Business Line of Credit. The information about the American Express® Business Line of Credit has been collected by NerdWallet and has not been provided or reviewed by American Express. Some information may be outdated.
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:
A minimum FICO score of at least 660 at 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
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: 12 months.
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’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:
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:
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:
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 $250000 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: 3 months.
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.