I’d like to inform about small company Loans & Financing

I’d like to inform about small company Loans & Financing

Obtain the cash your online business requirements

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

Company Advantage Line Of payday loans kent Credit

An unsecured credit line

  • Utilize whenever funds are expected
  • Competitive rates of interest
  • No collateral needed
  • Monthly premiums based on the stability

Company Advantage Term Loan

An term loan that is unsecured

  • Enjoy funds being a lump sum that is one-time
  • Competitive interest rates
  • No security needed
  • Fixed re payments within the full life of loan

As a result of our dedication to the Paycheck Protection Program beneath the CARES Act, we shall never be processing home based business Advantage 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 about our reaction to .

Company Advantage Auto Loan

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

Maintain your company rolling

Vehicle 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 funding you’ll 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 purchase your company.

Loan quantity: From $ rate that is 25,000Interest 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 24 months in operation under current ownership; minimum $250,000 in yearly income

Gear loans

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

Loan quantity: From $ rate that is 25,000Interest as little as 3.00per cent Disclosure2 Fixed rates Loan terms: as much as 5 years (whenever secured by company assets)Qualifications: Minimum a couple of years in operation under existing ownership; minimal $250,000 in yearly income

Secured company credit line

Help ongoing expenses that are operational a personal credit line typically guaranteed with a blanket lien on the assets or perhaps a certification of deposit.

Loan quantity: From $25,000Interest rate: as little as 3.75per cent Disclosure2 Fixed rates Loan terms: revolving with annual renewalQualifications: Minimum a couple of years in operation under current ownership; minimal $250,000 in yearly revenue

Secured loans

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

Loan quantity: From $25,000Interest price: as little as 3.50per cent Disclosure2 Fixed rates Loan terms: as much as 4 years (whenever guaranteed by business assets); as much as 5 years (when guaranteed by CDs)Qualifications: minimal two years running a business under current ownership; minimal $250,000 in annual income

Medical care 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.

Obtaining a business loan that is small

Expand this part for more information on simple tips to use together with information need that is you ll the job.

  • You are able to make an application for a company Advantage Auto Loan online
  • By using small company on line Banking, it is possible to submit an application for an unsecured company loan or unsecured business personal credit line online
  • It is possible to make an application for any small company loan by arranging a scheduled appointment at your convenience
  • Many Bank of America funding requires that your particular company 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 certification of quality
  • Company name, tax and address ID
  • State where the company functions and had been formed
  • Date the company was founded
  • The Social protection number, target and date of delivery of most continuing business people

Top FAQs

Favored Benefits for Company

Relate to us

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

You really must be 18 years of age or else have the ability to contract for automotive legally funding in a state of residence, and either a U.S. resident or resident alien (permanent or non-permanent).

Bank of America additionally the 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 change. Real loan terms, loan to value demands, and documents needs are at the mercy of item criteria and credit approval. For Owner-Occupied Commercial property loans (OOCRE), that loan term as high as 15 years and owner occupancy of 51% or maybe more are expected. Business management (SBA) funding is susceptible to approval through the SBA 504 and SBA 7(a programs that are. Susceptible to credit approval. Some limitations may use.

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