Fundbox vs. American Express Business Line of Credit: Which is better?
Fundbox has your typical interest rates, while AMEX Business Line of Credit includes monthly loan fees.
Despite their differences in maximum loan approval amounts, both lenders have flexible monthly revenue requirements for businesses to qualify.
For small business owners, Fundbox offers an easy one-step application process and quick access to funds, while American Express Business Line of Credit, formerly Kabbage, provides a larger range of credit line amounts and a competitive no-interest rate appeal.
Fundbox vs. American Express Business Line of Credit: A quick comparison
|American Express Business Line of Credit
|Loan products offered
|4.66% for 12-week terms and 8.99% for 24-week terms
|Monthly fees on amount you use rather than interest rates
|No origination, opening or prepayment fees.
|Up to $150,000
|$2,000 to $250,000
|Next business day
|1–3 business days to process
|Available in all states
Fundbox vs. American Express Business Line of Credit: Which one’s better?
Fundbox uses AI technology to process lines of credit up to $150,000 instantly and small business loans in a quick turnaround time.
American Express Blueprint Business Line of Credit offers businesses up to $250,000 but requires a slightly higher credit score.
Overall, American Express Blueprint Business Line of Credit may appeal to businesses due to its larger credit access and lack of interest rates in exchange for built-in fees.
When to consider Fundbox
Fundbox is best if you need a company that:
- Accepts lower credit scores. Fundbox approves loans for business owners with credit scores as low as 600.
- Offers payment flexibility. Fundbox offers a three-extra-day grace period for those who can’t meet their payment due date.
- Has a positive reputation. While other lenders have a positive reputation, Fundbox has excellent ratings by both customers on Trustpilot and Better Business Bureau.
When to consider American Express Business Line of Credit
American Express Blueprint Business Line of Credit may work best for people who want:
- A larger loan amount. American Express Business Line of Credit offers up to $250,000 to those who qualify.
- No interest rate. Borrowers who prefer no interest rate and would rather have baked-in monthly fees may prefer American Express.
- More than one loan. American Express allows businesses to have more than one line of credit as long as both combined fall under the maximum approval amount.
Both lenders are similar in that they require some form of a six-figure annual revenue requirement and credit scores in the 600 range. They also both offer quick turnaround times in as little as one business day for select businesses.
Compare other business loans
Compare up to four lenders side-by-side to see how they stack up.
Alternatives to Fundbox and American Express Blueprint Business Line of Credit
Here are alternative products similar to both Fundbox and American Express Blueprint Business Line of Credit:
- Bluevine. Can fund your loan in minutes.
- SmartBiz business loans. Loan amounts up to $500,000.
- Finance Factory. Offers APRs as low as 0% for lines of credit.
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