Have the cash your company requirements
We offer a number of funding options for your needs to buy inventory 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 the origination cost Disclosure †Interest price
- No security needed
- Monthly premiums based on your own stability
Company Advantage Term Loan
An term loan that is unsecured
- Enjoy funds as being a lump sum that is one-time
- Competitive interest levels
- No security required
- Fixed re re re payments throughout the full life of loan
As a result of our dedication to the Paycheck Protection Program underneath the CARES Act, we are going to never be processing business that is new Credit Line or Term loan requests at the moment. We apologize because of this short-term inconvenience. Find out more about our reaction to COVID-19.
Company Advantage Auto Loan
Buy or refinance the motor automobiles, vans and light trucks which help keep your company going.
Maintain your company rolling
Car financing made effortless with competitive prices and versatile terms.
48 to 72 months
More business that is small
We are going to help you to get the funding you will need with fast loan processing times and terms that are flexible.
Commercial estate that is real
Buy the land or structures your online business 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 10 years (with balloon 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 revenue
Equipment 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 a couple of years running a business under current ownership; minimal $250,000 in annual revenue
Secured company personal credit line
Help ongoing operational costs with a personal credit line typically guaranteed by 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: minimal 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 range 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 24 months running a business under current ownership; minimal $250,000 in yearly income
Healthcare training loans
Begin or develop your practice with loans for physicians, dentists and veterinarians.
SBA loans
Make https://speedyloan.net/payday-loans-sc your fantasy company a real possibility with loans created for brand brand new ventures.
Trying to get a business loan that is small
Expand this area for more information on how exactly to use additionally the information need that is youРІР‚в„ўll the application.
- It is possible to submit an application for a continuing business Advantage Auto Loan online
- If you utilize small company on line Banking, you are able to submit an application for an unsecured company loan or unsecured business personal credit line online
- You are able to make an application for any small company loan by arranging an appointment at your convenience
- Many Bank of America funding requires that your particular company be under ownership for at the least 24 months. In operation at under a couple of years? Find out about SBA loans
- Company documents such as for example filing documents, arranging papers, articles of incorporation and/or certification of quality
- Business title, tax and address ID
- State where the company functions and ended up being created
- Date the continuing company had been founded
- The Social protection quantity, target and date of delivery of all of the business people
Small company management (SBA) documentation and collateral demands are at the mercy of SBA instructions.
Credit is at the mercy of approval. Normal credit criteria apply. Each debtor should be at the least 18 years old to be a debtor (19 years if in Alabama or Nebraska).
Bank of America in addition to Bank of America logo design 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 paperwork needs are at the mercy of item requirements and credit approval. For Owner-Occupied Commercial property loans (OOCRE), that loan term all the way to fifteen years and owner occupancy of 51% or maybe more are expected. Small company 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 susceptible to approval through the SBA 504 and SBA 7(a) programs. Loan terms, security and documents demands use. Real amortization, rate and expansion of credit are at the mercy of necessary credit approval. Bank of America credit criteria and documents needs use. Some restrictions may use.
