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
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.
The similarities
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.
Dhara Singh is a freelance personal finance writer at Finder specializing in loans. Formerly she was a top 10 journalist at Yahoo Finance with more than 38+ million content views where she covered retirement and mortgages. She has also written for Bankrate, and CNET and continues to write for a variety of outlets, such as Investopedia and Worth magazine. Her articles focus on equipping readers with the right information and data so they can make the most informed decisions related to their finances.
Dhara previously worked as an insights analyst for Finder’s PR team, where she started the Deadliest Cities to Drive series in 2018, connecting interesting data analysis to a suite of car insurance products. When she’s not writing, Dhara coaches small business owners through her Stories to Sales programs and empowers them to use their life experiences to help other people. She has also self-published a poetry book on Amazon called Tell her She’s Lovely.
Dhara holds a B.S. in Finance and Supply Chain Management from Rutgers University and a M.S. in Journalism from Columbia University.
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