American Express offers fixed-rate term loans for small businesses. Loan amounts range between $2K and $250K and are available in terms of 6, 12, 18, or 24 months.

Total monthly fees incurred over the loan term range are:

3-9% for 6-month loans
6-18% for 12-month loans
9-27% for 18-month loans
12-18% for 24-month loans

American Express® Business Loans are payable in loan term lengths. Each draw on the line of credit will result in a separate installment loan. All loans are subject to credit approval and are secured by business assets. Lines of credit are subject to periodic review and may change or be suspended, accompanied with or without an account closure.

There are no application or origination fees. There are also no prepayment penalties if you decide to pay your loan off early.

Eligibility is based on creditworthiness and other factors. Not all industries are eligible for American Express® Business Line of Credit. Pricing and line of credit decisions are based on the overall financial profile of you and your business, including history with American Express and other financial institutions, credit history, and other factors. In order for an application to be approved, an applicant must meet the minimum criteria, including but not limited to:

• Must be at least 18 years of age
• Minimum FICO score of at least 640 at the time of application
• Have started your business at least a year ago
• Average monthly revenue of at least $3,000

All businesses are unique and are subject to review and approval.

American Express publishes a blog geared toward business customers called "Business Class: Trends and Insights." The company also hosts its own podcast and posts educational videos on its website.