The American Express Small Business is a business line of credit from American Express. Application typically pulls a hard report from Experian. The annual fee is No annual fee. The ongoing APR is Monthly loan fee of 0.55% to 1.55% of principal, spread equally over each month of the loan. Approval typically requires a credit score of FICO score of at least 660 at application (may be higher based on relationship and credit history) or higher. Typical credit limit: $2,000 to $250,000 (initial line over $150,000 only for select customers). Loan terms: 6-, 12-, 18- or 24-month installment terms; each draw becomes its own installment loan. This product reports activity to your personal credit report. Application rules: Recon: (800) 567-1083. Now owned by American Express. Quick approval based on cash flow. Connects to bank accounts and accounting software for automated underwriting. 6, 12, or 18-month terms.