At least 2 years in business under existing ownership
Minimum $250,000 in annual revenue
Business Advantage
Secured Business Loans
Get capital for business projects
Why use a secured business loan?
Provides capital to expand your business, purchase a fixed asset or refinance your business secured by your choice of collateral.
Provides capital to expand your business, purchase a fixed asset or refinance your business secured by your choice of collateral.
Provides capital to expand your business, purchase a fixed asset or refinance your business secured by your choice of collateral.
Loan amount
from $25,000
Interest rate
as low as 6.75%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
Interest rate
as low as 6.75%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:
Special benefit for veterans:
Take advantage of a 25% discount on loan administration or origination fees.adatext
Offer valid for veterans of the U.S. Armed Forces on new credit facility applications submitted in Small Business.
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 August 1st, 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.
Connect with a specialist to inquire about available products and services.
What to Expect
Apply
Complete an application in person or over the phone.
Grow your business
Work with a specialist to finalize your line or loan and get the financing you need.
Prefer an unsecured business loan?
A Business Advantage Term Loan can help you get lump-sum working capital with no collateral required.
So much more than a loan
Free business credit scores
View your business credit scoresadatext for free, powered by Dun and Bradstreet.
