Minimum 2 years in business under existing ownership
Minimum $250,000 in prior year annual gross sales.
Secured Business Line of Credit
Increase your cash flow
Get started with Secured Business Line of Credit Get started with Secured Business Line of Credit
Why use a 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. Our secured lines of credit feature revolving loan terms with annual renewal, no cash advance fees and no interest charges until you use the funds.
Support ongoing operational expenses with a line of credit typically secured by a blanket lien on your assets or a certificate of deposit. Our secured lines of credit feature revolving loan terms with annual renewal, no cash advance fees and no interest charges until you use the funds.
Support ongoing operational expenses with a line of credit typically secured by a blanket lien on your assets or a certificate of deposit. Our secured lines of credit feature revolving loan terms with annual renewal, no cash advance fees and no interest charges until you use the funds.
Line amount
from $25,000
Interest rate
as low as 5.00%Disclosure † Interest rate
Line amount
from $25,000
Interest rate
as low as 5.00%Disclosure † Interest rate
Qualifications:
Advertised as low as rate is effective as of May 19, 2017 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 is easy
Apply
Complete an application in-person or over the phone.
Get a decision
We’ll work together to determine your line amount and terms.
Access funds
Upon approval, a business lending specialist will help get financing in hand as soon as possible.
Looking for an unsecured line of credit?
A Business Advantage Credit Line can help you bridge the gap between payables and receivables with no collateral required.
Top FAQs
Will I pay any interest on my line of credit if I have a zero balance?
Using a business line of credit
There are some general rules of thumb you can use to determine the size of the credit line your business can reasonably maintain.
