Small Company Loans & Financing

Small Company Loans & Financing

Obtain the cash your online business requirements

You can expect many different funding options for your needs to buy stock and materials, refinance finance or debt account receivables.

Company Advantage Line Of Credit

An line that is unsecured of

  • Utilize whenever funds are essential
  • Save $100 in your origination cost Disclosure † Interest price
  • No collateral needed
  • Monthly premiums based on your own stability

Company Advantage Term Loan

An term loan that is unsecured

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

As a result of our dedication to the Paycheck Protection Program underneath the CARES Act, we are going to not be processing home based business Advantage Credit Line or Term loan requests at the moment. We apologize because of this temporary inconvenience. Find out more about our reaction to COVID-19.

Company Advantage Auto Loan

Buy or refinance the vehicles, vans and light vehicles that assist keep your company going.

Keep your company rolling

Car financing made effortless with competitive prices and versatile terms.

48 to 72 months

More business that is small

We will help you to get the financing you will need with fast loan processing times and terms that are flexible.

Commercial property

Buy the land or structures your organization requires because it grows. Leverage your equity and purchase your organization.

Loan quantity: From $25,000
Interest price: as little as 3.00% 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 a couple of years in operation under current ownership; minimal $250,000 in yearly income

Gear loans

Equip your company because of the tools and equipment it requires to get work done.

Loan quantity: From $25,000
Interest price: only 3.00% Disclosure2 † Fixed rates
Loan terms: as much as five years (whenever guaranteed by company assets)
Qualifications: Minimum a couple of years in operation under current ownership; minimal $250,000 in annual income

Secured company credit line

Help ongoing operational costs with a credit line typically guaranteed with a blanket lien on your own assets or a certification of deposit.

Loan amount: From $25,000
Interest price: as little as 3.75per cent Disclosure2 † Fixed rates
Loan terms: revolving with annual renewal
Qualifications: Minimum 24 months 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 selection of security.

Loan quantity: From $25,000
Interest price: as little as 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 existing ownership; minimum $250,000 in yearly income

Medical care training loans

Begin or develop loans for doctors to your practice, dentists and veterinarians.

SBA loans

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

Trying to get a business loan

Expand this area for more information on simple tips to use and also the information youРІР‚в„ўll significance of the job.

  • It is possible to submit an application for a company 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
  • It is possible to make an application for any business that is small by arranging a scheduled appointment at your convenience
  • Many Bank of America funding requires that the company be under ownership for at the very least 24 months. Running a business for under 24 months? Find out about SBA loans
  • Company paperwork such as for example filing documents, arranging documents, articles of incorporation and/or certification of quality
  • Business title, target and income tax ID
  • State where the continuing company functions and had been created
  • Date the continuing business had been founded
  • The Social protection quantity, target and date of delivery of most business people

Small company management (SBA) collateral and documents demands are susceptible to SBA instructions.

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

Bank of America as well as 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 change. Real loan terms, loan to value needs, and documentation 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 Administration (SBA) funding is at the mercy of approval through the SBA 504 and SBA 7(a programs that are. Susceptible to credit approval. Some limitations may use.

Small company management (SBA) funding is susceptible to 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 paperwork demands use. Some limitations may use.

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