Top 10 American Express Business Loans with Low Interest Rates

American Express offers a variety of business loans to meet the needs of businesses of all sizes. Some of these loans offer low interest rates, which can help businesses save money on their borrowing costs. In this blog post, we will discuss the top 10 American Express business loans with low interest rates. We will also provide information on the eligibility requirements, loan amounts, and repayment terms for each loan.

Table of Contents

The Top 10 American Express Business Loans with Low Interest Rates

The following are the top 10 American Express business loans with low interest rates:

American Express Business Cash Advance

Interest rate: 16.49% – 26.49% APR
Loan amount: Up to $250,000
Repayment term: Up to 60 months
Eligibility requirements: Good credit

The American Express Business Cash Advance is a short-term loan that allows businesses to access cash quickly. The loan amount can be up to $250,000 and the repayment term is up to 60 months. The interest rate is variable and ranges from 16.49% to 26.49% APR.

To be eligible for an American Express Business Cash Advance, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

The American Express Business Cash Advance can be a good option for businesses that need quick access to cash to cover unexpected expenses or to grow their business. However, it is important to note that the interest rates on these loans are high, so you should only use them as a last resort.

Here are some of the pros and cons of the American Express Business Cash Advance:

Pros:

Quick access to cash
Flexible repayment terms
No collateral required

Cons:

High interest rates
Strict eligibility requirements
Surcharges for late payments

If you are considering an American Express Business Cash Advance, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Cash Advance:

The cash advance will be charged to your business credit card account.
You will be charged a cash advance fee of 5% of the amount you withdraw.
You will also be charged interest on the cash advance, which is calculated daily and added to your balance each month.

If you are not able to repay the cash advance in full by the due date, you will be charged a late payment fee. You may also be subject to additional fees, such as a returned payment fee or a non-sufficient funds fee.

It is important to read the terms and conditions carefully before you apply for an American Express Business Cash Advance. This will help you understand the fees and charges associated with the loan and make sure that it is the right option for your business.

American Express Business Green Business Credit Card

Interest rate: 13.99% – 23.99% APR
Credit limit: Up to $100,000
Repayment term: Up to 5 years
Eligibility requirements: Good credit

The American Express Business Green Business Credit Card is a charge card that offers businesses a variety of benefits, including:

2X Membership Rewards points for every dollar spent on eligible purchases at amextravel.com, plus 1X points on all other eligible purchases.
No annual fee for the first year, then $95.
Purchase protection for 90 days against damage or theft.
Extended warranty protection for up to an additional year.
Travel accident insurance.
Baggage insurance.

To be eligible for the American Express Business Green Business Credit Card, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

The American Express Business Green Business Credit Card can be a good option for businesses that are looking to earn rewards on their travel expenses. The card also offers a variety of other benefits that can be helpful for businesses, such as purchase protection and extended warranty protection.

Here are some of the pros and cons of the American Express Business Green Business Credit Card:

Pros:

Earn Membership Rewards points on eligible purchases.
No annual fee for the first year.
Purchase protection and extended warranty protection.
Travel accident insurance and baggage insurance.

Cons:

High interest rate (13.99% – 23.99% APR).
Not a credit card, so you must pay the balance in full each month.
Strict eligibility requirements.

If you are considering the American Express Business Green Business Credit Card, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Green Business Credit Card:

The Membership Rewards points you earn can be redeemed for travel, merchandise, or gift cards.
You can also transfer your points to other American Express Membership Rewards programs, such as the American Express Platinum Card or the American Express Gold Card.

If you are looking for a business credit card that offers travel rewards and other benefits, the American Express Business Green Business Credit Card can be a good option. However, it is important to make sure that you can afford to pay the balance in full each month, as the interest rate is high.

American Express Business Blue Business Plus Credit Card

Interest rate: 12.99% – 22.99% APR
Credit limit: Up to $100,000
Repayment term: Up to 5 years
Eligibility requirements: Good credit

The American Express Business Blue Business Plus Credit Card is a no annual fee credit card that offers businesses a variety of benefits, including:

2X Membership Rewards points for every dollar spent on eligible purchases for the first $50,000 in purchases per calendar year, then 1X points on all other eligible purchases.
Expanded Buying Power, which allows you to charge more than your credit limit.
Purchase protection for 90 days against damage or theft.
Extended warranty protection for up to an additional year.
Trip cancellation/interruption insurance.
Baggage insurance.

To be eligible for the American Express Business Blue Business Plus Credit Card, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

The American Express Business Blue Business Plus Credit Card can be a good option for businesses that are looking to earn rewards on their everyday business expenses. The card also offers a variety of other benefits that can be helpful for businesses, such as purchase protection and extended warranty protection.

Here are some of the pros and cons of the American Express Business Blue Business Plus Credit Card:

Pros:

No annual fee.
Earn Membership Rewards points on eligible purchases.
Expanded Buying Power.
Purchase protection and extended warranty protection.
Travel insurance.

Cons:

High interest rate (12.99% – 22.99% APR).
Not a charge card, so you can carry a balance.
Strict eligibility requirements.

If you are considering the American Express Business Blue Business Plus Credit Card, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Blue Business Plus Credit Card:

The Membership Rewards points you earn can be redeemed for travel, merchandise, or gift cards.
You can also transfer your points to other American Express Membership Rewards programs, such as the American Express Platinum Card or the American Express Gold Card.

If you are looking for a business credit card that offers rewards and other benefits without an annual fee, the American Express Business Blue Business Plus Credit Card can be a good option. However, it is important to make sure that you can afford to pay the balance in full each month, as the interest rate is high.

American Express Business Gold Card

Interest rate: 12.99% – 22.99% APR
Credit limit: Up to $100,000
Repayment term: Up to 5 years
Eligibility requirements: Good credit

The American Express Business Gold Card is a charge card that offers businesses a variety of benefits, including:

4X Membership Rewards points for every dollar spent on eligible purchases at restaurants, plus 2X points on eligible flights and prepaid hotels booked directly with airlines or hotels.
Annual $100 Global Entry or TSA PreCheck application fee credit.
$120 annual Uber Cash credit.
Purchase protection for 90 days against damage or theft.
Extended warranty protection for up to an additional year.
Baggage insurance.
DoorDash DashPass membership.

To be eligible for the American Express Business Gold Card, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

The American Express Business Gold Card can be a good option for businesses that are looking to earn rewards on their travel and dining expenses. The card also offers a variety of other benefits that can be helpful for businesses, such as purchase protection and extended warranty protection.

Here are some of the pros and cons of the American Express Business Gold Card:

Pros:

Earn Membership Rewards points on eligible purchases.
Annual $100 Global Entry or TSA PreCheck application fee credit.
$120 annual Uber Cash credit.
Purchase protection and extended warranty protection.
Baggage insurance.
DoorDash DashPass membership.

Cons:

High annual fee ($295).
High interest rate (12.99% – 22.99% APR).
Not a credit card, so you must pay the balance in full each month.
Strict eligibility requirements.

If you are considering the American Express Business Gold Card, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Gold Card:

The Membership Rewards points you earn can be redeemed for travel, merchandise, or gift cards.
You can also transfer your points to other American Express Membership Rewards programs, such as the American Express Platinum Card or the American Express Centurion Card.

If you are looking for a business credit card that offers travel and dining rewards, as well as other benefits, the American Express Business Gold Card can be a good option. However, it is important to make sure that you can afford the annual fee and the high interest rate, as well as meet the eligibility requirements.

American Express Business Platinum Card

Interest rate: 12.99% – 22.99% APR
Credit limit: Up to $100,000
Repayment term: Up to 5 years
Eligibility requirements: Excellent credit

The American Express Business Platinum Card is a charge card that offers businesses a variety of benefits, including:

5X Membership Rewards points for every dollar spent on eligible flights booked directly with airlines or on Amex Travel, plus 1X points on all other eligible purchases.
$200 annual airline fee credit.
$200 annual Uber Cash credit.
$100 annual Global Entry or TSA PreCheck application fee credit.
$100 annual Saks Fifth Avenue credit.
Purchase protection for 90 days against damage or theft.
Extended warranty protection for up to an additional year.
Baggage insurance.
DoorDash DashPass membership.
Centurion Lounge access.
Priority Pass Select membership.

To be eligible for the American Express Business Platinum Card, your business must have been in operation for at least 1 year and have an excellent credit score. You will also need to provide proof of income and a business plan.

The American Express Business Platinum Card can be a good option for businesses that are looking to earn rewards on their travel expenses and that also want access to a variety of other benefits. The card also offers a welcome bonus of 100,000 Membership Rewards points after you spend $10,000 on eligible purchases in the first 3 months of account opening.

Here are some of the pros and cons of the American Express Business Platinum Card:

Pros:

Earn Membership Rewards points on eligible purchases.
Welcome bonus of 100,000 Membership Rewards points after you spend $10,000 on eligible purchases in the first 3 months of account opening.
$200 annual airline fee credit.
$200 annual Uber Cash credit.
$100 annual Global Entry or TSA PreCheck application fee credit.
$100 annual Saks Fifth Avenue credit.
Purchase protection and extended warranty protection.
Baggage insurance.
DoorDash DashPass membership.
Centurion Lounge access.
Priority Pass Select membership.

Cons:

High annual fee ($695).
High interest rate (12.99% – 22.99% APR).
Not a credit card, so you must pay the balance in full each month.
Strict eligibility requirements.

If you are considering the American Express Business Platinum Card, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Platinum Card:

The Membership Rewards points you earn can be redeemed for travel, merchandise, or gift cards.
You can also transfer your points to other American Express Membership Rewards programs, such as the American Express Platinum Card or the American Express Centurion Card.

If you are looking for a business credit card that offers a variety of benefits, including travel rewards, airport lounge access, and Uber credits, the American Express Business Platinum Card can be a good option. However, it is important to make sure that you can afford the annual fee and the high interest rate, as well as meet the eligibility requirements.

American Express Business Loans

Interest rate: As low as 4.99% APR
Loan amount: Up to $500,000
Repayment term: Up to 6 years
Eligibility requirements: Good credit

American Express offers a variety of business loans, including:

American Express Business Loans: These loans offer competitive interest rates and flexible repayment terms. The loan amount can be up to $500,000 and the repayment term is up to 6 years.
American Express Business Line of Credit: This line of credit can be used for a variety of business expenses, such as inventory, equipment, or marketing. The credit limit can be up to $250,000 and there is no set repayment term.
American Express Business Term Loan: This loan offers a fixed interest rate and repayment term. The loan amount can be up to $1 million and the repayment term is up to 10 years.
American Express Business Equipment Financing: This loan is specifically designed to finance the purchase of equipment. The loan amount can be up to $1 million and the repayment term is up to 6 years.
American Express Business Working Capital Loan: This loan is designed to provide businesses with working capital, which is the money they need to operate on a day-to-day basis. The loan amount can be up to $250,000 and the repayment term is up to 60 months.

To be eligible for an American Express business loan, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

The interest rates on American Express business loans are competitive, but they may vary depending on your credit score and the type of loan you choose. The repayment terms are also flexible, so you can choose a loan that fits your budget and needs.

If you are looking for a business loan, American Express is a good option to consider. The company offers a variety of loans to meet the needs of businesses of all sizes.

Here are some of the pros and cons of American Express business loans:

Pros:

Competitive interest rates
Flexible repayment terms
Multiple loan options to choose from
Easy application process
Online application available

Cons:

Strict eligibility requirements
High fees
May not be available to all businesses

If you are considering an American Express business loan, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about American Express business loans:

The interest rates on American Express business loans are variable, which means they can change over time.
You will be required to pay closing costs, which are fees associated with getting the loan.
You will also be required to make monthly payments on the loan, which will include principal and interest.

If you are not sure if an American Express business loan is right for you, be sure to talk to a financial advisor. They can help you assess your needs and choose the best loan option for your business.

American Express Business Line of Credit

Interest rate: As low as 6.99% APR
Loan amount: Up to $250,000
Repayment term: Up to 60 months
Eligibility requirements: Good credit

here is some more information about the American Express Business Line of Credit:

The American Express Business Line of Credit is a revolving line of credit that can be used for a variety of business expenses, such as inventory, equipment, or marketing.
The credit limit can be up to $250,000 and there is no set repayment term.
The interest rate is variable and is based on your credit score and the type of business you have.
You can borrow money as needed and repay it when you want.
There is no prepayment penalty, so you can pay off the loan early without being charged a fee.

To be eligible for an American Express Business Line of Credit, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

Here are some of the pros and cons of the American Express Business Line of Credit:

Pros:

Flexible repayment terms
No prepayment penalty
Easy application process
Online application available

Cons:

Variable interest rate
Strict eligibility requirements
High fees
May not be available to all businesses

If you are considering an American Express Business Line of Credit, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Line of Credit:

You will be required to pay interest on the money you borrow, even if you do not use it all.
You will also be required to pay a monthly fee, which is typically around $25.
If you do not make your payments on time, you could be charged late fees and your credit score could be affected.

If you are not sure if an American Express Business Line of Credit is right for you, be sure to talk to a financial advisor. They can help you assess your needs and choose the best loan option for your business.

American Express Business Term Loan

Interest rate: As low as 6.99% APR
Loan amount: Up to $1 million
Repayment term: Up to 10 years
Eligibility requirements: Good credit

Here is some more information about the American Express Business Term Loan:

The American Express Business Term Loan is a fixed-rate loan that can be used for a variety of business expenses, such as equipment, inventory, or expansion.
The loan amount can be up to $1 million and the repayment term is up to 10 years.
The interest rate is fixed and is based on your credit score and the type of business you have.
You will make monthly payments on the loan, which will include principal and interest.
There is no prepayment penalty, so you can pay off the loan early without being charged a fee.

To be eligible for an American Express Business Term Loan, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

Here are some of the pros and cons of the American Express Business Term Loan:

Pros:

Fixed interest rate
Long repayment term
No prepayment penalty
Easy application process
Online application available

Cons:

Strict eligibility requirements
High fees
May not be available to all businesses

If you are considering an American Express Business Term Loan, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Term Loan:

You will be required to pay a closing fee, which is a one-time fee associated with getting the loan.
You will also be required to pay an origination fee, which is a fee charged by the lender to cover the costs of processing the loan.
If you do not make your payments on time, you could be charged late fees and your credit score could be affected.

If you are not sure if an American Express Business Term Loan is right for you, be sure to talk to a financial advisor. They can help you assess your needs and choose the best loan option for your business.

American Express Business Equipment Financing

Interest rate: As low as 5.99% APR
Loan amount: Up to $1 million
Repayment term: Up to 6 years
Eligibility requirements: Good credit

Here is some more information about the American Express Business Equipment Financing:

American Express Business Equipment Financing is a loan specifically designed to finance the purchase of equipment.
The loan amount can be up to $1 million and the repayment term is up to 6 years.
The interest rate is fixed and is based on your credit score and the type of equipment you are financing.
You will make monthly payments on the loan, which will include principal and interest.
There is no prepayment penalty, so you can pay off the loan early without being charged a fee.

To be eligible for an American Express Business Equipment Financing, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

Here are some of the pros and cons of the American Express Business Equipment Financing:

Pros:

Fixed interest rate
Long repayment term
No prepayment penalty
Easy application process
Online application available

Cons:

Strict eligibility requirements
High fees
May not be available to all businesses

If you are considering an American Express Business Equipment Financing, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Equipment Financing:

You will be required to pay a down payment, which is typically 20% of the purchase price of the equipment.
You will also be required to pay closing fees, which are one-time fees associated with getting the loan.
If you do not make your payments on time, you could be charged late fees and your credit score could be affected.

If you are not sure if an American Express Business Equipment Financing is right for you, be sure to talk to a financial advisor. They can help you assess your needs and choose the best loan option for your business.

American Express Business Working Capital Loan

Interest rate: As low as 6.99% APR
Loan amount: Up to $250,000
Repayment term: Up to 60 months
Eligibility requirements: Good credit

Here is some more information about the American Express Business Working Capital Loan:

The American Express Business Working Capital Loan is a loan designed to provide businesses with working capital, which is the money they need to operate on a day-to-day basis.
The loan amount can be up to $250,000 and the repayment term is up to 60 months.
The interest rate is variable and is based on your credit score and the type of business you have.
You will make monthly payments on the loan, which will include principal and interest.
There is no prepayment penalty, so you can pay off the loan early without being charged a fee.

To be eligible for an American Express Business Working Capital Loan, your business must have been in operation for at least 1 year and have a good credit score. You will also need to provide proof of income and a business plan.

Here are some of the pros and cons of the American Express Business Working Capital Loan:

Pros:

Flexible repayment terms
No prepayment penalty
Easy application process
Online application available

Cons:

Variable interest rate
Strict eligibility requirements
High fees
May not be available to all businesses

If you are considering an American Express Business Working Capital Loan, be sure to weigh the pros and cons carefully before you apply.

Here are some other things to keep in mind about the American Express Business Working Capital Loan:

You will be required to pay interest on the money you borrow, even if you do not use it all.
You will also be required to pay a monthly fee, which is typically around $25.
If you do not make your payments on time, you could be charged late fees and your credit score could be affected.

If you are not sure if an American Express Business Working Capital Loan is right for you, be sure to talk to a financial advisor. They can help you assess your needs and choose the best loan option for your business.

How to Choose the Best American Express Business Loan for You

The best American Express business loan for you will depend on your individual needs and circumstances. Factors to consider include the loan amount, interest rate, repayment term, and eligibility requirements.

If you are looking for a low-interest loan, you may want to consider the American Express Business Loans or the American Express Business Line of Credit. These loans offer competitive interest rates and flexible repayment terms.

If you have good credit, you may also be eligible for the American Express Business Platinum Card or the American Express Business Gold Card. These cards offer rewards and benefits in addition to a low-interest rate.

No matter which American Express business loan you choose, be sure to compare the terms and conditions carefully before you apply. This will help you ensure that you are getting the best deal possible.

Also Read: Top 10 Private student loan repayment assistance programs

Conclusion

If you are looking for a low-interest business loan, be sure to consider the American Express business loans. These loans offer competitive interest rates and flexible repayment terms.

FAQs on American Express Business Loans with Low Interest Rates

What are the eligibility requirements for an American Express business loan?

The eligibility requirements for an American Express business loan vary depending on the type of loan you are applying for. However, some general requirements include:

Your business must have been in operation for at least 1 year.
You must have a good credit score.
You must be able to provide proof of income and a business plan.

What are the interest rates for American Express business loans?

The interest rates for American Express business loans vary depending on the type of loan you are applying for and your credit score. However, interest rates are typically in the range of 5% to 18%.

What are the repayment terms for American Express business loans?

The repayment terms for American Express business loans vary depending on the type of loan you are applying for. However, repayment terms are typically from 1 to 10 years.

What are the fees associated with American Express business loans?

There are a few fees associated with American Express business loans, including:

An origination fee, which is a fee charged by the lender to cover the costs of processing the loan.
A closing fee, which is a one-time fee associated with getting the loan.
Late payment fees
Prepayment penalties

How can I apply for an American Express business loan?

You can apply for an American Express business loan online or by calling a customer service representative. You will need to provide some basic information about your business, such as your business name, address, and tax ID number. You will also need to provide some personal information, such as your name, address, and Social Security number.

How can I negotiate a lower interest rate on an American Express business loan?

If you have a good credit score and a strong business history, you may be able to negotiate a lower interest rate on your American Express business loan. You can also try to negotiate a lower interest rate by offering to make a larger down payment or by prepaying the loan in full.