Have the cash your company requirements

You can expect a number of funding options for your needs to buy 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
• Save $100 on your own origination fee Disclosure † Interest price

payday loans Texas

• No security needed
• Monthly premiums based on your own stability

Company Advantage Term Loan

An unsecured term loan

• Enjoy funds being an one-time swelling amount
• Competitive rates of interest
• No security needed
• Fixed payments on the full lifetime of loan

As a result of our dedication to the Paycheck Protection Program underneath the CARES Act, we shall never be processing business that is new 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 COVID-19.

Company Advantage Auto Loan

Purchase or refinance the automobiles, vans and light vehicles that help keep your company going.

Maintain your company rolling

Car financing made effortless with competitive rates and terms that are flexible.

48 to 72 months

More small company loans

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

Commercial real-estate

Buy the land or structures your company requires since it grows. Leverage your equity and spend money on your online business.

Loan quantity: From $25,000
Interest price: as little as 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 running a business under current ownership; minimal $250,000 in annual income

Gear loans

Equip your organization using the tools and equipment it must get work done.

Loan quantity: From $25,000
Interest price: as little as 3.00per cent Disclosure2 † Fixed rates
Loan terms: Up to five years (whenever guaranteed by company assets)
Qualifications: Minimum 24 months running a business under current ownership; minimal $250,000 in yearly income

Secured business personal credit line

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

Loan quantity: From $25,000
Interest price: as little as 3.75per cent Disclosure2 † Fixed rates
Loan terms: revolving with annual renewal
Qualifications: minimal a couple of years in operation under current ownership; minimal $250,000 in yearly income

Secured loans

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

Loan quantity: From $25,000
Interest price: only 3.50per cent Disclosure2 † Fixed rates
Loan terms: as much as 4 years (whenever guaranteed by company 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 income

Medical care training loans

Begin or develop your training with loans for medical practioners, dentists and veterinarians.

SBA loans

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

Trying to get a small company loan

Expand this part for more information on simple tips to apply plus the information need that is youРІР‚в„ўll the job.

• It is possible to make an application for a continuing business Advantage Auto Loan online
• If you are using small company Online Banking, you are able to make an application for an unsecured company loan or unsecured company credit line online
• It is possible to apply for any small company loan by arranging a scheduled appointment at your convenience
• Many Bank of America funding requires that your particular business be under ownership for at the very least a couple of years. In operation for under 24 months? Find out about SBA loans

• Company documents such as for instance filing documents, arranging papers, articles of incorporation and/or certificate of quality
• Company title, target and income tax ID
• State where the company functions and had been created
• Date the continuing company had been founded
• The Social protection quantity, address and date of delivery of most continuing companies

Small company management (SBA) documentation and collateral needs are at the mercy of SBA recommendations.

Credit is susceptible to approval. Normal credit criteria apply. Each debtor should be at the least 18 years to be a debtor (19 years if in Alabama or Nebraska).

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

Commercial Real Estate items are at the mercy of item supply and susceptible to alter. Real loan terms, loan to value needs, and documentation requirements 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) financing is susceptible to approval through the SBA 504 and SBA 7(a) programs. Susceptible to credit approval. Some limitations may apply.

Small company Administration (SBA) funding is susceptible to approval through the SBA 504 and SBA 7(a programs that are. Loan terms, security and paperwork demands use. Actual amortization, price and expansion of credit are susceptible to necessary credit approval. Bank of America credit requirements and paperwork demands use. Some limitations may use.