I’d like to inform about small company Loans & Financing
Obtain the cash your online business requirements
We provide a selection of funding options for your needs to shop for stock and materials, refinance financial obligation or finance account receivables.
Company Advantage Line Of Credit
An line that is unsecured of
- Utilize whenever funds are expected
- Competitive rates of interest
- No security needed
- Monthly premiums based on the stability
Company Advantage Term Loan
An unsecured term loan
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- Enjoy funds being a lump sum that is one-time
- Competitive rates of interest
- No security needed
- Fixed re re payments within the lifetime of loan
As a result of our commitment to the Paycheck Protection Program beneath the CARES Act, we are going to never be processing start up business Advantage Credit Line or Term loan requests at the moment. We apologize because of this inconvenience that is temporary. Find out more about our reaction to about our response to .
Company Advantage Auto Loan
Buy or refinance the automobiles, vans and light vehicles that assist maintain your company moving.
Maintain your company rolling
Car financing made easy with competitive prices and terms that are flexible.
48 to 72 months
More business that is small
We are going to help you get the funding you may need with fast loan processing times and terms that are flexible.
Commercial estate that is real
Choose the land or structures your online business requires because it grows. Leverage your equity and purchase your company.
Loan quantity: From $ rate that is 25,000Interest as little as 3.00per cent Disclosure2 Fixed rates Loan terms: as much as ten years (with balloon re payment); as much as 15 years (with complete amortization)skills: minimal 24 months running a business under current ownership; minimal $250,000 in yearly income
Equipment loans
Equip the tools to your business and equipment it requires to get work done.
Loan quantity: From $25,000Interest rate: as little as 3.00per cent Disclosure2 Fixed rates Loan terms: as much as five years (whenever guaranteed by company assets)Qualifications: Minimum 24 months running a business under current ownership; minimum $250,000 in yearly income
Secured business personal credit line
Help ongoing expenses that are operational a personal credit line typically guaranteed with a blanket lien on your own assets or perhaps a certification of deposit.
Loan quantity: From $25,000Interest rate: as little as 3.75per cent Disclosure2 Fixed rates Loan terms: revolving with annual renewalQualifications: minimal 24 months in operation under current ownership; minimum $250,000 in annual 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: as much as 4 years (whenever guaranteed by business assets); as much as 5 years (whenever guaranteed by CDs)Qualifications: minimal a couple of years running a business under current ownership; minimal $250,000 in yearly revenue
Healthcare training loans
Begin or develop your training with loans for physicians, dentists and veterinarians.
SBA loans
Make your fantasy company a real possibility with loans made for brand new ventures.
Trying to get a small company loan
Expand this area for more information on how exactly to apply as well as the information you ll significance of the application.
- You can easily make an application for a business Advantage Auto Loan online
- By using business Online Banking, you can easily submit an application for an unsecured company loan or unsecured company credit line online
- You are able to make an application for any small company loan by arranging a consultation at your convenience
- Many Bank of America funding requires that the company be under ownership for at the very least two years. Running a business for under a couple of years? Find out about SBA loans
- Company documents such as for instance filing documents, arranging papers, articles of incorporation and/or certification of quality
- Company title, tax and address ID
- State where the continuing company functions and had been created
- Date the continuing company ended up being founded
- The Social protection number, target and date of delivery of most continuing business people
Top FAQs
Favored Benefits for Company
Relate genuinely to us
Small company management (SBA) security and paperwork demands are at the mercy of SBA recommendations.
You really must be 18 years of age or else are able to legitimately contract for automotive financing in a state of residence, and either a U.S. citizen or resident alien (permanent or non-permanent).
Bank of America additionally the Bank of America logo are registered trademarks of Bank of America Corporation.
Commercial Real Estate items are subject to item supply and susceptible to alter. Real loan terms, loan to value needs, and documents demands are at the mercy of product requirements and credit approval. For Owner-Occupied Commercial property loans (OOCRE), that loan term all the way to 15 years and owner occupancy of 51% or higher are expected. Small company management (SBA) funding is susceptible to approval through the SBA 504 and SBA 7(a programs that are. At the mercy of credit approval. Some restrictions may use.
Small company management (SBA) financing is susceptible to approval through the SBA 504 and SBA 7(a) programs. Loan terms, documentation and collateral demands use. Real amortization, price and expansion of credit are susceptible to credit approval that is necessary. Bank of America credit requirements and paperwork demands use. Some limitations may use.