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Small Business Loans & Financing

Get the money your business needs

We offer a variety of financing options for your business to purchase inventory and materials, refinance debt or finance account receivables.

Business Advantage Credit Line

An unsecured line of credit

  • Use whenever funds are needed
  • Save up to $150 on your origination feeDisclosure Interest rate
  • No collateral required
  • Monthly payments based on your balance

Business Advantage Term Loan

An unsecured term loan

  • Receive funds as a one-time lump sum
  • Competitive interest rates
  • No collateral required
  • Fixed payments over the life of loan
Save up to $150: As a small business owner, you’ll pay an origination fee of just $50 — that’s a savings of $100 on the one-time origination fee. Applications must be received between January 4, 2019 and April 30, 2019. Plus, enroll in Autopay within 90 days of opening your line of credit, use your checking account to make your Autopay payments, and get a $50 credit to your Business Advantage Credit Line account. The $50 credit will be applied to the account after the origination fee is posted. Exceptions apply.
Save up to $150: As a small business owner, you’ll pay an origination fee of just $50 — that’s a savings of $100 on the one-time origination fee. Applications must be received between January 4, 2019 and April 30, 2019. Plus, enroll in Autopay within 90 days of opening your line of credit, use your checking account to make your Autopay payments, and get a $50 credit to your Business Advantage Credit Line account. The $50 credit will be applied to the account after the origination fee is posted. Exceptions apply.

Business Advantage Auto Loan

Purchase or refinance the cars, vans and light trucks that help keep your business moving.

More small business loans

We'll help you get the financing you need with fast loan processing times and flexible terms.

Commercial real estate

Purchase the land or buildings your business needs as it grows. Leverage your equity and invest in your business.

Loan amount: From $25,000
Interest rate: As low as 5.00%Disclosure2 Fixed rates
Loan terms: Up to 10 years (with balloon payment); Up to 15 years (with full amortization)
Qualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue

Go to commercial real estate loans


More info: Introduction to Buying Commercial Property

Equipment loans

Equip your business with the tools and machinery it needs to get work done.

Loan amount: From $25,000
Interest rate: As low as 5.00%Disclosure2 Fixed rates
Loan terms: Up to 5 years (when secured by business assets)
Qualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue

Go to equipment loans


More info: Tax Benefits & Drawbacks When Leasing for your Business

Secured business line of credit

Support ongoing operational expenses with a line of credit typically secured by a blanket lien on your assets or a certificate of deposit.

Loan amount: From $25,000
Interest rate: As low as 6.00%Disclosure2 Fixed rates
Loan terms: revolving with annual renewal
Qualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue

Go to secured lines of credit


Learn: What is a Business Line of Credit & How Does it Work?

Secured business loans

Expand your business or refinance debt with a loan secured by your choice of collateral.

Loan amount: From $25,000
Interest rate: As low as 5.00%Disclosure2 Fixed rates
Loan terms: up to 4 years (when secured by business assets); up to 5 years (when secured by CDs)
Qualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue

Go to secured term loans


Learn: 5 C’s of Credit: What Are Banks Looking For?

Health care practice loans

Start or grow your practice with loans for doctors, dentists and veterinarians.

Go to healthcare practice loans

SBA loans

Make your dream business a reality with loans designed for new ventures.

Go to SBA loans

Advertised as low as rate is effective as of January 1, 2019 and is subject to change. Your actual interest rate may differ based on your creditworthiness, overall business relationship with Bank of America and line amount.
Advertised as low as rate is effective as of January 1, 2019 and is subject to change. Your actual interest rate may differ based on your creditworthiness, overall business relationship with Bank of America and line amount.

Applying for a small business loan

Expand this section to learn more about how to apply and the information you’ll need for your application.

How to apply for small business financing:
  • You can apply for a Business Advantage Auto Loan online
  • If you use Small Business Online Banking, you can apply for an unsecured business loan or unsecured business line of credit online
  • You can apply for any small business loan by scheduling an appointment at your convenience
  • Most Bank of America financing requires that your business be under ownership for at least 2 years. In business for less than 2 years? Learn more about SBA loans
Information you'll need to apply includes:
  • Business documentation such as filing documents, organizing documents, articles of incorporation and/or certificate of resolution
  • Business name, address and tax ID
  • State in which the business operates and was formed
  • Date the business was established
  • The Social Security number, address and date of birth of all business owners

See a complete list of what you'll need to apply

Business Advantage Relationship Rewards

With the Business Advantage Relationship Rewards Program you may qualify for a discount on a new loan, as well as additional benefits and rewards.

Learn more about Business Advantage Relationship Rewards

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