Small Company Loans & Financing

Small Company Loans & Financing

Have the money your online business requirements

We provide a number of funding options for your needs to acquire stock and materials, refinance finance or debt account receivables.

Company Advantage Line Of Credit

An unsecured credit line

  • Utilize whenever funds are required
  • Save $100 on your own origination cost Disclosure † Interest rate
  • No security required
  • Monthly premiums based on your own stability

Company Advantage Term Loan

An term loan that is unsecured

  • Accept funds as being a lump sum that is one-time
  • Competitive rates of interest
  • No collateral required
  • Fixed re payments within the full lifetime of loan

Because of our dedication to the Paycheck Protection Program underneath the CARES Act, we’re going to never be processing business that is new Credit Line or Term loan requests at the moment. We apologize with this short-term inconvenience. Find out more about our reaction to COVID-19.

Company Advantage Auto Loan

Buy or refinance the automobiles, vans and light trucks that assist maintain your company moving.

Keep your company rolling

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

48 to 72 months

More small company loans

We are going to help you to get the funding you may need with fast loan processing times and terms that are flexible.

Commercial property

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

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

Secured company credit line

Support 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 price: as little as 3.75per cent Disclosure2 † Fixed rates
Loan terms: revolving with annual renewal
Qualifications: minimal 24 months in operation under existing ownership; minimal $250,000 in yearly income

Secured business 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: up to 4 years (whenever guaranteed by company assets); as much as 5 years (whenever guaranteed by CDs)
Qualifications: minimal a couple of years in operation under current ownership; minimal $250,000 in yearly income

Medical care training loans

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

SBA loans

Make your dream company a real possibility with loans created for brand brand brand new ventures.

Obtaining a business loan that is small

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

  • You can easily make 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
  • You are able to make an application for any small company loan by arranging a scheduled appointment at your convenience
  • Most Bank of America funding requires that the company be under ownership for at the very least two years. Running a business for under two years? Find out 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
  • https://speedyloan.net/payday-loans-sc

  • State where the continuing company functions and ended up being created
  • Date the company ended up being founded
  • The Social protection number, target and date of delivery of most business people

Small company management (SBA) collateral and paperwork needs are susceptible to SBA recommendations.

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

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

Commercial Real Estate items are at the mercy of product supply and susceptible to alter. real loan terms, loan to value needs, and paperwork needs are at the mercy of item requirements and credit approval. For Owner-Occupied Commercial property loans (OOCRE), that loan term as much as 15 years and owner occupancy of 51% or higher are needed. Small company management (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, collateral and documents needs use. Real amortization, price and expansion of credit are susceptible to credit approval that is necessary. Bank of America credit requirements and documents needs use. Some limitations may apply.

About the Author

Jessica’s expertise is in expanding the electorate to include youth, union members, people of color, and low income voters. Jessica directed New York State’s largest legislative advocacy organization, the SEIU-backed Healthcare Education Project (HEP), and managed the nine top priority states for the historic election of Barack Obama.