SBA Loans & Financing for Your Business

Loans from $25,000

Quick financing at low rates

Get started

Start and grow your business

SBA loans for new and established businesses

Benefit from easier qualification, longer terms and lower down payments on fixed assets than most standard loans.

Qualifications

You own a for-profit business that does not generally qualify for conventional credit.

You own and operate a for-profit business
Your business is legally organized as a sole proprietorship, corporation, partnership or LLC
Your business does not generally qualify for conventional credit

SBA 504

from $350,000 Loans from $350,000

Purchase equipment
Purchase commercial real estate
Fund construction or renovation
Loans from $350,000

Terms:

7-10 years on equipment
10-20 years on real estate
Up to 2-year construction period

Terms: 7-10 years on equipment, 10-20 years on real estate, and up to 2-year construction period

SBA 7(a)

from $350,000-$3.5 million Loans from $350,000-$5.0 million

Purchase equipment or inventory
Purchase or expand a business
Get working capital
Refinance debt

Terms:

Up to 7 years for working capital
Up to 10 years for purchases
Up to 25 years for real estate

Terms: Up to 7 years for working capital up to 10 years for purchases, and up to 25 years for real estate

About qualifying for an SBA loan

Bank of America meets all SBA Preferred Lender Program eligibility criteria, including proficiency in processing and servicing SBA-guaranteed loans. Talk to a small business specialist by phone or in person to get a recommendation and start your application.

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