Small Company Loans & Financing

Small Company Loans & Financing

Obtain the money your online business needs

We provide 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

  • Make use of whenever funds are expected
  • Save $100 on your own origination fee Disclosure † Interest price
  • No security needed
  • Monthly obligations based on your own stability

Company Advantage Term Loan

An unsecured term loan

  • Accept funds as an one-time lump sum payment
  • Competitive interest levels
  • No security required
  • Fixed 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 start up business Advantage Credit Line or Term loan requests at the moment. We apologize with this inconvenience that is temporary. Find out more about our reaction to COVID-19.

Company Advantage Auto Loan

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

Maintain your business rolling

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

48 to 72 months

More business that is small

We will help you to get the funding you’ll 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 since it grows. Leverage your equity and spend money on your organization.

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

Gear loans

Equip the tools to your business 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: 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 personal credit line

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

Loan quantity: From $25,000
Interest rate: 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 debt with that loan guaranteed by the selection of collateral.

Loan quantity: From $25,000
Interest rate: as little as 3.50per cent Disclosure2 https://speedyloan.net/payday-loans-tn † Fixed rates
Loan terms: as much as 4 years (when secured by company assets); as much as 5 years (whenever guaranteed by CDs)
Qualifications: minimal 24 months in operation under current ownership; minimal $250,000 in yearly income

Healthcare training loans

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

SBA loans

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

Trying to get a small company loan

Expand this part for more information on simple tips to use plus the information youРІР‚в„ўll dependence on the application.

  • You’ll submit an application for a continuing business Advantage Auto Loan online
  • If you are using Small Business on line Banking, it is possible to make an application for an unsecured company loan or unsecured company personal credit line online
  • It is possible to make an application for any small company loan by scheduling a scheduled appointment at your convenience
  • Many Bank of America funding requires that the company be under ownership for at the very least two years. In operation 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 title, target and income tax ID
  • State where the continuing business functions and had been created
  • Date the continuing company ended up being founded
  • The Social protection number, target and date of delivery of most business people

Small company management (SBA) security and paperwork demands are at the mercy of SBA instructions.

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

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

Commercial Real Estate products are at the mercy of item supply and susceptible to alter. Real loan terms, loan to value demands, and paperwork demands are subject to 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. Business management (SBA) funding is at the mercy of approval through the SBA 504 and SBA 7(a programs that are. At the mercy of credit approval. Some limitations may use.

Small company management (SBA) funding is at the mercy of approval through the SBA 504 and SBA 7(a programs that are. Loan terms, documentation and collateral demands use. Actual amortization, price and expansion of credit are susceptible to credit approval that is necessary. Bank of America credit criteria and paperwork needs use. Some limitations may use.

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