Secured Business Loans at Bank of America

Loans from $25,000

Get capital for business projects

Get started with Secured Business Loan

Get capital for business projects

Get started with Secured Business Loan Get started with Secured Business Loan

Loan amount

from $25,000

Interest rate

as low as 6.50%^{Disclosure † Fixed rates}

Loan terms

up to 4 years

when secured by
business assets

up to 5 years

when secured by
CDs

Origination fee

0.5%

of amount financed

Loan amount

from $25,000

Interest rate

as low as 6.50%^{Disclosure † Fixed rates}

Loan terms

up to 4 years

when secured by
business assets

up to 5 years

when secured by
CDs

Origination fee

0.5%

of amount financed

Why use a secured business loan?

Expand your business or refinance debt with a loan secured by your choice of collateral. Our secured business loans feature low interest rates and convenient repayment terms.

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

Our secured business loans feature low interest rates and convenient repayment terms.

Qualifications:

At least 2 years in business under existing ownership
Minimum $250,000 in annual revenue

Limited-Time Offer::

Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans
Loans from $100,000.
Apply by April 14th and close by October 13th, 2023

Special benefit for veterans:

Take advantage of a 25% discount on loan administration or origination fees.
Offer valid for veterans of the U.S. Armed Forces on new credit facility applications submitted in Small Business.

Advertised as low as rate is effective as of March 1^st, 2023 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. Subject to credit approval; some restrictions may apply.

Loan amount

from $25,000

Interest rate

as low as 6.50%^{Disclosure † Fixed rates}

Loan terms

up to 4 years

when secured by
business assets

up to 5 years

when secured by
CDs

Origination fee

0.5%

of amount financed

Loan amount

from $25,000

Interest rate

as low as 6.50%^{Disclosure † Fixed rates}

Loan terms

up to 4 years

when secured by
business assets

up to 5 years

when secured by
CDs

Origination fee

0.5%

of amount financed

Qualifications:

At least 2 years in business under existing ownership
Minimum $250,000 in annual revenue

Limited-Time Offer::

Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans
Loans from $100,000.
Apply by April 14th and close by October 13th, 2023

Special benefit for veterans:

Take advantage of a 25% discount on loan administration or origination fees.
Offer valid for veterans of the U.S. Armed Forces on new credit facility applications submitted in Small Business.

Get started with Secured Business Loan

Calculate your monthly loan payment

Loan Amount

Interest Rate

months

Get more with Preferred Rewards

Preferred Rewards for Business members can get an interest rate discount of 0.25%-0.75% for new Business Advantage credit lines, term loans and secured lending, based upon your tier at time of application.

Learn more