Amex Small Business Loans: How to Secure Fast Business Funding with Amex Business Loans

HOW TO SECURE FAST BUSINESS FUNDING WITH AMEX SMALL BUSINESS LOANS

If you are an entrepreneur looking for an immediate and reliable funding, you maybe wondering how to secure a business loan in short period of time. Traditional banks can take few weeks or even months to process an application, which is hassle and difficult to navigate. In order to grow your business, it need to be supported by innovative financial solutions  which offers funds within a short period of time. 

American Express offers amex small business loans or business line of credit , with a smooth application process and fast approval, which makes it best for entrepreneurs or small business funding.

 

BENEFITS OF AMEX SMALL BUSINESS LOANS

Amex Small Business Loans offer a variety of benefits that can help entrepreneurs and small business owner grow and succeed. Here are some of the key benefits :

1. Fast Approval : Unlike traditional banks, Amex business loans offers a hassle free and fast approval process. You can receive the approval of your small business loan within few minutes, with their advanced technology and fast-driven systems. American Express Business Line of Credit can deliver upto $250,000 in few minutes, all on your mobile phone. However, tradition banks takes three weeks to two months time for loan approval.

2. Builds Credits : American Express(AMEX) reports each borrowers payments to credit bureaus, so making on-time payments can help you build a good credit score. With a good credit score, in future the lenders may offer you a more favorable terms of loan and credit cards.

3. Mobile Application : American Express Blueprint™  mobile app is a dedicated app for Amex business products. It is compatible on both iOS and Android platform. This sophisticated app allows you to apply for loans, accept funds and manage your account.

4. No Collateral Required : Unlike traditional lenders and banks,  American Express business loans do not require collateral. It means you don't have to put up properties, assets or real estates to get loan approval. 

5. Flexible Loan Amount & Terms : Amex offers loan amount from $3500 to $250,000 depending on your business needs. The repayment schedule is monthly for terms of 6 months, 1 year or 18 months.

AMEX SMALL BUSINESS LOANS QUALIFICATION

The qualifications to get an Amex Small Business Loan approved are as follows :

• Age should be above 18 years old

• Average monthly income should be minimum $3000

• Have been operating a business for minimum 1 year

• Must have a valid business checking account

• Must have a personal credit score of at least 640

HOW TO APPLY FOR AMEX SMALL BUSINESS LOANS ?

Step-By-Step guide to apply for Amex Small Business Loans :

1. Research on different small business plan of Amex Business loans, Amex Business line   of  credit is an example of small business loan.

2. Gather your financial documents like bank statements, tax returns, balance sheets or personal identification proofs which are required for loan application process.

3. Go to official Amex Website for business loans => Amex Small Business Loans  , check for the desired business loan by following the instructions mentioned there.

4. Fill the application process with required documents and wait for the approval process.

5. Once the application process gets approved, you will receive a loan offer from Amex. 

6. Read the Terms and Conditions , accept the offer. Once you accept the offer, the fund will get deposited in to your account in a short period.

FREQUENTLY ASKED  QUESTIONS  ON AMEX SMALL BUSINESS LOANS

Q.1) What is Amex Business Loan?

Amex Business Loan is a loan offered by Amex for small business or entrepreneurs. It can be used for purchasing inventory, recruiting new employees or expanding operations.

Q.2) How do I apply for Amex Business Loans?

You can apply for Amex Business Loans via online website or mobile app.

Q.3) What are the interest rates of Amex Business Loans?

The interest rates depends upon your credit scores. However depending upon your credit score and other factors, interest may range from 6-18% 

Q.4) Who is eligible for Amex Business Loan?

Eligibility criteria of Amex Business Loan : Age should be above 18 years old, minimum credit score should be 640, must have a valid business checking account and should be operating a business for minimum 1 year.