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.

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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

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.

Frequently Asked Questions

How long will it take to receive funds from American Business Credit?

The company is able to have funds available for use within seven days.

Does American Business Credit require collateral with its loans?

The company may require some form of personal or business collateral in order to receive a loan.

Does American Business Credit have prepayment penalties?

The company does not have any prepayment penalties.

Does American Business Credit charge origination fees?

The company does not disclose origination fees on its corporate website.

Does American Business Credit charge closing fees?

The company does not disclose closing fees on its corporate website.

How can I contact American Business Credit?

Interested consumers can contact the company by phone at 1-800-549-2744.

More Information

Types of Loans Offered

Unsecured Startup Business Loans, Personal Loans, Equipment Loans, and Medical Professional Loans

Rates Offered


Term Lengths

24–84-month terms

The Borrowing Process

Borrowers are asked to complete an online application form with basic business information in order for the finance services company to determine whether or not they qualify. The loan approval process generally takes less than two days and funding is transferred to a business bank account in seven days. For most loan types, business owners must meet certain criteria; however, the company does have a Start-Up Loan Program for new business owners who do not meet the qualifications for standard small business loans.

How to Apply

Small business owners can apply for funding by filling out an online application that takes approximately three minutes to complete. If a borrower meets all the credit requirements from American Business Credit, approval then takes less than 48 hours. Access to funds is typically available within seven business days. In order to qualify for most offered loan types, applicants must be in business for at least two years and generate $150,000 in gross sales; however, the company does have a Start-up Loan Program for business owners that do not meet these criteria points.

The company will analyze the borrower’s past credit history and offer potential lending options based on the information it receives. Personal credit history is the main deciding factor for approval. Small business owners must also have at least 90 percent ownership in order to qualify. Required documentation for small business loan approval will vary by situation.

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