Small company Loans & Financing for needed people

Small company Loans & Financing for needed people

Obtain the cash your company requirements

We provide many different funding options for your needs to get stock and materials, refinance finance or debt account receivables.

Company Advantage Line Of Credit

An unsecured credit line

  • Utilize whenever funds are essential
  • Competitive rates of interest
  • No security needed
  • Monthly premiums based on your own stability

Company Advantage Term Loan

An term loan that is unsecured

  • Accept funds being a lump sum that is one-time
  • Competitive interest levels
  • No security needed
  • Fixed re re payments on the lifetime of loan

As a result of our dedication to the Paycheck Protection Program beneath the CARES Act, we shall never be processing business that is new Credit Line or Term Loan applications at the moment. We apologize because of this short-term inconvenience. Find out about our response to COVID-19 about our reaction to COVID-19.

Company Advantage Auto Loan

Buy or refinance the vehicles, vans and light vehicles that help maintain your company going.

Keep your company rolling

Car financing made effortless with competitive prices and flexible terms.

48 to 72 months

More business that is small

We are going to help you to get the funding you will need with fast loan processing times and versatile terms.

Commercial property

Choose the land or structures your company requires because it grows. Leverage your equity and purchase your online business.

Loan quantity: From $ rate that is 25,000Interest only 3.00per cent Disclosure2 † Fixed rates Loan terms: as much as ten years (with balloon re re payment); as much as 15 years (with complete amortization)skills: minimal 24 months in navigate to these guys operation under current ownership; minimal $250,000 in yearly income

Gear loans

Equip the tools to your business and equipment it requires to get work done.

Loan quantity: From $ rate that is 25,000Interest only 3.00per cent Disclosure2 † Fixed rates Loan terms: as much as five years (whenever guaranteed by company assets)Qualifications: Minimum 24 months in operation under current ownership; minimal $250,000 in yearly income

Secured company credit line

Help ongoing operational costs with a line of credit typically secured by a blanket lien in your assets or a certification of deposit.

Loan quantity: From $ rate that is 25,000Interest only 3.75per cent Disclosure2 † Fixed rates Loan terms: revolving with annual renewalQualifications: minimal 24 months in operation under current ownership; minimal $250,000 in yearly income

Secured business loans

Expand your online business or refinance financial obligation with that loan guaranteed by the range of security.

Loan quantity: From $ rate that is 25,000Interest as little as 3.50per cent Disclosure2 † Fixed rates Loan terms: up to 4 years (whenever guaranteed by company assets); as much as 5 years (when guaranteed by CDs)Qualifications: Minimum 24 months running a business under current ownership; minimal $250,000 in annual income

Healthcare training loans

Begin or develop your training with loans for health practitioners, dentists and veterinarians.

SBA loans

Make your fantasy company a real possibility with loans made for brand new ventures.

Trying to get a business loan that is small

Expand this part for more information on simple tips to use therefore the information need that is you Ђ™ll your application.

  • You are able to make an application for a continuing business Advantage Auto Loan online
  • You can apply for an unsecured business loan or unsecured business line of credit online if you use Small Business Online Banking
  • You can easily submit an application for any business that is small by arranging a consultation at your convenience
  • Many Bank of America financing requires that the company be under ownership for at the very least 24 months. Running a business for under 24 months? Find out more about SBA loans
  • Company documents such as for example filing documents, arranging papers, articles of incorporation and/or certification of quality
  • Company name, tax and address ID
  • State where the continuing company functions and had been formed
  • Date the continuing company ended up being founded
  • The Social protection quantity, target and date of delivery of most companies

Top FAQs

Favored Benefits for Company

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Schedule a consultation

Business financing FAQs

Small company management (SBA) security and paperwork requirements are at the mercy of SBA recommendations.

You need to be 18 years of age or else are able to contract for automotive legally funding in a state of residence, and either a U.S. Resident or resident alien (permanent or non-permanent).

Bank of America while the Bank of America logo design are registered trademarks of Bank of America Corporation.

Commercial Real Estate items are at the mercy of item availability and susceptible to alter. Real loan terms, loan to value needs, and paperwork needs are at the mercy of item requirements and credit approval. A loan term of up to 15 years and owner occupancy of 51% or more are required for owner-Occupied Commercial Real Estate loans ( OOCRE. Small company management (SBA) funding is susceptible to approval through the SBA 504 and SBA 7(a) programs. At the mercy of credit approval. Some limitations may use.

Small company Administration (SBA) financing is at the mercy of approval through the SBA 504 and SBA 7(a) programs. Loan terms, security and documents needs use. Real amortization, price and expansion of credit are susceptible to necessary credit approval. Bank of America credit criteria and documentation needs use. Some limitations may use.

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