American Business Credit


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American Business Credit is a nationwide business financing company founded in 2012 and located in St. Petersburg, Florida. The company specializes in unsecured small business loans and lines of credit up to $1 million. However, the finance services company does not disclose its fees to the general public. Funding within seven days, and available nationwide.

Typical Borrowers

Typical borrowers through American Business Credit are small business owners with good to excellent credit and that have been in business for at least two years. These borrowers also are generating at least $150,000 or more in annual gross sales and need fast access to small amounts of working capital for a variety of business purposes. Typical borrowers come to American Business Credit because they cannot qualify for traditional funding at banking institutions.

Best Uses

Small business loans from American Business Credit are typically used for equipment, payroll, marketing, technology upgrades, and more.

Minimum Qualifications

  • Two years in business
  • $150,000 in gross annual sales
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The Good

  • Several loan options
  • Positive customer feedback

Several Loan Options

American Business Credit provides several types of unsecured loan types for small business owners. A unique offering from American Business Credit is a small business loan specifically for medical professionals who are looking to start a business but are already faced with high amounts of student loan debt. The finance services company also offers personal loans, startup funding, and equipment funding. Most offered loans feature low-interest rates and affordable monthly payments. Term lengths range from 24 to 84 months with no prepayment penalties.

Pros of American Business Credit Small Business Loans

  • Fast Approval
  • Access to Funding within Seven Days
  • No Prepayment Penalties
  • Short and Long Term Loan Options

Positive Customer Feedback

Online reviews regarding the company's customer service experience are mainly positive. The company also features testimonials from satisfied customers on its website.

The Bad

  • Undisclosed fees
  • Limited company information

Undisclosed Fees

The company does not disclose its interest rates and other fees to the general public on its corporate website. Interest rates vary by lender and no information is made readily available regarding origination fees and closing costs. This makes it difficult to for a borrower to determine if available loan options are the best deals in the marketplace for their unique situations.

Limited Company Information

American Business Credit does not disclose details on its website regarding its corporate history or executive leadership. There is also no available information about the total amount of funding small business owners have been able to receive from the company since it started.

The Bottom Line

American Business Credit is best suited for established small business owners who make over $150k annually. The company has received positive feedback with its customer service experience and there are no filed complaints; however, the company is not transparent regarding fees and rates and funding is limited compared to other online marketplace lenders. We do not recommend working with American Business Credit for your business loan needs.

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