Business Loans & Financing. Company Advantage Line Of Credit

The small company Administration (SBA) has established it really is no Paycheck that is longer accepting Protection (PPP) loan requests from many loan providers. This can be prior to when the SBA’s past due date of might 31.

In accordance with this announcement, please be aware:

  • Bank of America isn’t any longer accepting or processing PPP that is new loan from consumers.
  • Consumers with applications which have been submitted to Bank of America or even the SBA, and therefore are currently pending, is going to be notified of the application status through e-mail. Take note information about the status of PPP loans just isn’t available through our centers that are financial contact centers.
  • For the latest information on PPP please look at the SBA wesbite .

    Obtain the cash your company needs

    We provide a number of funding options for your business to buy stock and materials, refinance financial obligation or finance account receivables.

    An unsecured credit line

  • Utilize whenever funds are expected
  • Competitive interest levels
  • No security required
  • Monthly premiums based in your stability
  • Company Advantage Term Loan

    An term loan that is unsecured

  • Enjoy funds as a lump sum that is one-time
  • Competitive rates of interest
  • No collateral needed
  • Fixed re re payments within the full lifetime of loan
  • We have been focused on helping customers with their Paycheck Protection Program requires. Find out about our reaction to about our reaction to .

    Company Advantage Auto Loan

    Buy or refinance the motor cars, vans and light vehicles which help maintain your company moving.

    Maintain your company rolling

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

    48 to 72 months

    More business loans

    We’ll help you to get the financing you will need with fast loan processing times and terms that are flexible.

    Commercial property

    Choose the land or structures your company requires since it grows. Leverage your equity and purchase your organization.

    Loan quantity: From $25,000Interest rate: as little as 3.00per cent Disclosure2 Fixed rates Loan terms: as much as ten years (with balloon payment); as much as 15 years (with complete amortization)Qualifications: minimal a couple of years in operation under current ownership; minimal $250,000 in annual income

    Equipment loans

    Equip the tools to your business and equipment it requires to get work done.

    Loan quantity: From $25,000Interest price: as little as 3.00per cent Disclosure2 Fixed rates Loan terms: as much as five years (when secured by business assets)Qualifications: Minimum a couple of years running a business under current ownership; minimal $250,000 in yearly revenue

    Secured company personal credit line

    Help ongoing operational costs with a credit line typically secured by a blanket lien on your own assets or even a certificate of deposit.

    Loan amount: From $25,000Interest price: as little as 3.75per cent Disclosure2 Fixed rates Loan terms: revolving with annual renewalQualifications: minimal 24 months in business under existing ownership; minimal $250,000 in yearly income

    Secured loans

    Expand your online business or refinance financial obligation with financing guaranteed by the range 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 secured by business assets); as much as 5 years (whenever guaranteed by CDs)Qualifications: minimal 24 months running a business under existing ownership; minimal $250,000 in yearly income

    Healthcare practice loans

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

    SBA loans

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

    Trying to get a business loan

    Expand this section for more information on simple tips to use plus the information need that is youll the application.

  • You are able to submit 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 can easily make an application for any business that is small by scheduling a scheduled appointment at your convenience
  • Many Bank of America funding requires that your particular company be under ownership for at the very least two years. In operation at under a couple of years? Find out more about SBA loans
  • Company documents such as for instance filing documents, organizing documents, articles of incorporation and/or certificate of quality
  • Company title, target and income tax ID
  • State where the continuing company operates and ended up being created
  • Date the company had been established
  • The Social protection number, address and date of delivery of most continuing business people
  • Top FAQs

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    Business financing FAQs

    Small company Administration (SBA) documentation and collateral needs are at the mercy of SBA recommendations.

    You need to be 18 yrs . old or else are able 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 plus the Bank of America logo 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 documents 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 15 years and owner occupancy of 51% or maybe more are required. 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 at the mercy of approval through the SBA 504 and SBA 7(a programs that are. Loan terms, security and documents demands use. Real amortization, price and expansion of credit are at the mercy of necessary credit approval. Bank of America credit requirements and paperwork demands use. Some limitations may use.