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 5.75%^{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 5.75%^{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 on fixed rate Secured Term Loans:

Get a fixed rate secured term loan with a 2.99% introductory interest rate for the first 12 months, plus fee waivers on appraisals and originations.
Loans from $100,000.
Apply by September 30, 2022 and close and fund by January 31, 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.

Important rate and payment information disclosure expanded disclosure collapsed

Advertised as low as rate is effective as of September 1, 2022 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 5.75%^{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 5.75%^{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 on fixed rate Secured Term Loans:

Get a fixed rate secured term loan with a 2.99% introductory interest rate for the first 12 months, plus fee waivers on appraisals and originations.
Loans from $100,000.
Apply by September 30, 2022 and close and fund by January 31, 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.

Important rate and payment information disclosure expanded disclosure collapsed

Get started with Secured Business Loan