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Consolidate Debt

Simplify your finances so you can focus on growing your business.

Save Money

An American Express® Business Loan can help you consolidate your higher-interest business card debt at a lower fixed interest rate with no origination fees or pre-payment penalties—so you can save.

 

Lock in a competitive fixed interest rate on a loan of up to $50,000. With this loan, you could consolidate balances on up to four business cards into fixed monthly payments over one of three repayment periods.

Consolidating multiple business card balances into a single monthly payment may not reduce or pay off your debt sooner in all cases. If the monthly payment on your American Express Business Loan is lower than the combined minimum due on the cards you are consolidating, it may be due to a lower interest rate on your loan, a longer loan period, or a combination of both. American Express Business Loans can be used to consolidate business cards only at eligible U.S. banks (American Express Cards excluded).

Consolidate debt and save with an American Express® Business Loan.

Here’s an illustrative example of potential savings, assuming a $26,000 debt balance in both cases and the APRs and monthly payments shown below.

Compare for savings:
...with these assumptions:
Business Credit Card Debt1
Compare for savings:
Interest Paid
$6,595
Time to pay off debt
40 months
...with these assumptions:
APR
14.1%
Monthly Payment
$832
Compare for savings:
Interest Paid
$3,939
Time to pay off debt
36 months
...with these assumptions:
APR
9.4%
Monthly Payment
$832
$2,656+ saved in interest.
1The business credit card debt example assumes monthly payments of $832 on an existing business credit card balance of $26,000 at a 14.1% APR, not including additional purchases, payments, or credits. If your required monthly business credit card payment is higher than the monthly business credit card payment in our example, or if your business credit card APR is lower than the business credit card APR used in our example, potential savings on interest will be reduced.
2The American Express® Business Loans example assumes 36 monthly payments of $832 on a business loan of $26,000 at a 9.4% APR. Not all Card Members will qualify for a $26,000 loan or a 9.4% APR. Actual savings may vary based on your approved monthly repayment amount and the repayment period you select for your American Express® Business Loan as compared to the repayments you would have made on your business credit card(s). Consolidating multiple business credit card balances into a single monthly payment may not reduce or pay off your existing debt sooner in all cases. Longer loan periods may result in a lower monthly payment amount but more interest charged over the life of the loan.

How It Works

Fixed interest rate loans with your choice of repayment period.

American Express® Business Loans can help you turn your business goals into reality.

1

Check Your Rate.

Log in to your American Express online account to see your pre-approved loan amount and APR. Then apply for your loan at your pre-approved rate.

2

Choose your repayment option.

To apply, tell us how much you want to borrow for each credit card you want to pay with your loan and choose one of three repayment periods that best meets your needs. Then see what your monthly payment could be.

3

Accept your loan.

If you're approved, review the terms of your loan and, if you accept, we will distribute your loan funds to the credit cards you select in your application.