Minimum 2 years in business under existing ownership
Minimum $250,000 in prior year annual gross sales.
Secured Business Loans
Get capital for business projects
Get started with Secured Business Loan Get started with Secured Business Loan
Why use a secured business loan?
Finance account receivables or refinance debt with a loan secured by your choice of collateral. Our secured business loans feature low interest rates and convenient repayment terms.
Finance account receivables or refinance debt with a loan secured by your choice of collateral. Our secured business loans feature low interest rates and convenient repayment terms.
Finance account receivables or refinance debt with a loan secured by your choice of collateral.
Our secured business loans feature low interest rates and convenient repayment terms.
Loan amount
from $25,000
Fixed rates
as low as 4.00%Disclosure † Fixed rates
Loan terms
up to 4 years
when secured by
business assets
business assets
up to 5 years
when secured by
CDs
CDs
Origination fee
0.5%
of amount financed
Loan amount
from $25,000
Fixed rates
as low as 4.00%Disclosure † Fixed rates
Loan terms
up to 4 years
when secured by
business assets
business assets
up to 5 years
when secured by
CDs
CDs
Origination fee
0.5%
of amount financed
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, loan amount and loan term.
Applying is easy
Apply
Complete an application in-person or over the phone.
Get a decision
We'll work together to determine your loan amount and terms.
Access funds
Upon approval, a business lending specialist will help get financing in hand as soon as possible.
Prefer an unsecured business loan?
A Business Advantage Term Loan can help you get lump-sum working capital with no collateral required.
What are banks looking for?
Banks look at 5 factors to help determine the creditworthiness of a business. How does your business stack up?
