COMPARISON
Lendway vs American Express Business Loans
An honest comparison to help you choose the right business funding partner for your needs.
✓ Unbiased Analysis✓ Real User Feedback✓ Updated December 2025
OVERVIEW
At a glance
L
Lendway
RECOMMENDEDA modern business funding marketplace that connects you with 75+ lenders for the best rates and terms. Transparent pricing, fast approvals, and dedicated support.
Highlights
- No hard credit pull to check rates
- Access to 75+ lenders in one application
- Same-day funding available
- Transparent fee structure
- US-based support team
A
American Express Business Loans
Est. 1850American Express offers business loans and lines of credit through its business lending division. Competitive rates for qualified businesses.
Pros
- Trusted brand
- Competitive rates
- Membership rewards
- No prepayment penalty
Cons
- Higher credit requirements
- AmEx relationship preferred
- Slower funding
FEATURES
Feature comparison
| Feature | Lendway | American Express Business Loans |
|---|---|---|
Soft Credit Pull to Check Rates See rates without impacting your credit score | ||
Same-Day Funding Get funds deposited the same day you apply | ||
Multiple Lender Options Compare offers from multiple lenders | ||
Bad Credit Accepted Options for credit scores below 600 | ||
No Collateral Required Unsecured funding options available | ||
Transparent Pricing Clear fee structure with no hidden costs | ||
Dedicated Advisor Personal support throughout the process | ||
Maximum Loan Amount Highest available funding | $5,000,000 | $250,000 |
Minimum Credit Score Credit requirements | All credit types | 660+ |
Time in Business Required Minimum operating history | 3 months | 1 year |
APR Range Interest rate range | 7.5% - 45% | 9.9% - 27.9% |
Funding Speed How quickly you can get funded | Same day - 7 days | 1-5 business days |
Rate Competitiveness How competitive are the offered rates | 4.5 | 4.0 |
Application Experience Ease and speed of the application process | 4.5 | 3.0 |
Customer Support Quality Responsiveness and helpfulness of support | 5.0 | 4.0 |
RATINGS
How they compare
Interest Rates
Lendway
4.5
American Express Business Loans
4.0
Funding Speed
Lendway
4.5
American Express Business Loans
3.0
Customer Service
Lendway
5.0
American Express Business Loans
4.0
Flexibility
Lendway
5.0
American Express Business Loans
3.0
Overall Experience
Lendway
4.5
American Express Business Loans
4.0
OUR VERDICT
Lendway edges out American Express Business Loans
Both are solid options, but Lendway's marketplace model gives you more flexibility and options. American Express Business Loans excels at trusted brand, but for most businesses seeking the best rates and terms, Lendway's ability to compare multiple lenders in one application is a significant advantage.
FAQs
Common questions
Is Lendway better than American Express Business Loans?+
Both options have their strengths. Lendway is a lending marketplace that connects you with 75+ lenders, giving you more options to compare. American Express Business Loans is a direct lender with trusted brand. The best choice depends on your specific needs, credit profile, and funding timeline.
What are the main differences between Lendway and American Express Business Loans?+
The key difference is that Lendway provides access to 75+ lenders through one application, while American Express Business Loans offers funding directly. Lendway offers loan amounts up to $5M with funding as fast as 4 hours, while American Express Business Loans offers up to $250,000 with funding in 1-5 business days.
Which has better rates: Lendway or American Express Business Loans?+
Rates vary based on your business profile, credit score, and loan type. Lendway's marketplace model often helps businesses find more competitive rates by comparing multiple lenders. American Express Business Loans's rates range from 9.9% to 27.9%. We recommend checking both to see which offers better terms for your situation.
What credit score do I need for American Express Business Loans?+
American Express Business Loans typically requires a minimum credit score of 660+. Lendway works with all credit types and can connect you with lenders even if you have bad credit, giving you more options to explore.
How fast can I get funded with American Express Business Loans vs Lendway?+
American Express Business Loans typically funds in 1-5 business days. With Lendway, depending on the lender match, you can receive funding as fast as 4 hours for certain products, though most loans fund within 1-7 days.
Does American Express Business Loans do a hard credit pull?+
American Express Business Loans may perform a hard credit pull as part of the application process. Lendway never performs a hard credit pull when checking your rates—only when you choose to proceed with a specific lender.