Small Company Loans & Financing
Obtain the cash your company needs
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 Credit
An line that is unsecured of
- Utilize whenever funds are required
- Save $100 on your own origination cost Disclosure †Interest price
- No security needed
- Monthly premiums based on your own stability
Company Advantage Term Loan
An unsecured term loan
- Enjoy funds as being a lump sum that is one-time
- Competitive interest levels
- No security needed
- Fixed re re payments on the full lifetime of loan
As a result of our dedication to the Paycheck Protection Program underneath 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 short-term inconvenience. Find out about our reaction to COVID-19.
Company Advantage Auto Loan
Buy or refinance the vehicles, vans and light vehicles that assist keep your business going.
Maintain your company rolling
payday loans in South Carolina
Vehicle 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 will need with fast loan processing times and terms that are flexible.
Commercial estate that is real
Buy the land or structures your organization requires because it grows. Leverage your equity and spend money on your organization.
Loan quantity: From $25,000
Interest price: as little as 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 24 months in operation under current ownership; minimal $250,000 in yearly income
Gear loans
Equip your online business aided by the tools and machinery 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 company assets)
Qualifications: Minimum 24 months running a business under current ownership; minimal $250,000 in yearly revenue
Secured company credit line
Help ongoing expenses that are operational a personal credit line typically guaranteed by a blanket lien on your own assets or even 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 a couple of years in operation under current ownership; minimal $250,000 in yearly income
Secured business loans
Expand your online business or refinance financial obligation with financing guaranteed by the range of security.
Loan amount: From $25,000
Interest price: only 3.50per cent Disclosure2 †Fixed rates
Loan terms: as much as 4 years (whenever guaranteed by company assets); as much as 5 years (when secured by CDs)
Qualifications: minimal 24 months running a business under current ownership; minimum $250,000 in yearly income
Medical care training loans
Begin or develop your training with loans for health practitioners, dentists and veterinarians.
SBA loans
Make your fantasy company a reality with loans made for brand new ventures.
Trying to get a business loan that is small
Expand this part for more information on how exactly to use together with information youРІР‚в„ўll dependence on the job.
- You are able to submit an application for a continuing business 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 can easily submit an application for any business that is small by arranging a consultation at your convenience
- Many Bank of America funding requires your business be under ownership for at the very least a couple of years. Running a business at under 24 months? Find out more about SBA loans
- Company paperwork such as for example filing documents, arranging papers, articles of incorporation and/or certification of quality
- Company name, tax and address ID
- State where the company functions and ended up being created
- Date the company had been founded
- The Social protection quantity, address and date of birth of most continuing business people
Business management (SBA) documentation and collateral needs are susceptible to SBA directions.
Credit is at the mercy of approval. Normal credit criteria apply. Each debtor needs to be at the least 18 years old to become 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 alter. Real loan terms, loan to value demands, and documents needs are subject to item requirements and credit approval. For Owner-Occupied Commercial property loans (OOCRE), that loan term all the way to 15 years and owner occupancy of 51% or higher are needed. Small company 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.
Small company management (SBA) funding is at the mercy of approval through the SBA 504 and SBA 7(a) programs. Loan terms, documentation and collateral demands use. Actual amortization, rate and expansion of credit are susceptible to credit approval that is necessary. Bank of America credit requirements and documents demands use. Some limitations may use.
