SBA Loans & Financing for Your Business

Timing is critical — The Small Business Administration (SBA) has stated that March 31, 2021, is the last date on which the SBA will approve a PPP loan application, or sooner if funding runs out. In order to help you and allow the necessary time for processing it is important we receive your application and all required documentation as soon as possible. Please note:

We will continue to accept new PPP applications from eligible clients until 5:00 p.m. ET on March 9.
Applicants must provide all of the supporting documentation that the SBA requires for their application to proceed by 5:00 p.m. ET on March 22. If an applicant has already received from us an earlier deadline to submit required documentation, all documentation must be submitted by that earlier date.
We will end all application processing at 5:00 p.m. ET on March 30. Clients who applied, but have not received a SBA loan number by the time of the SBA's March 31 cutoff, will be notified their application will not proceed and has been closed.

Visit our Small Business Assistance site for information on eligibility, how to apply, and loan forgiveness.

Learn more about our response to the coronavirus

Loans from $25,000

Quick financing at low rates

Get started

Start and grow your business

SBA loans for 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

Limited-Time Offer:

Get a 1.00% interest rate for the first 18 months on qualifying Small Business conventional and SBA commercial real estate loans. Loans from $100,000. Apply by March 31, 2021 and close by July 31, 2021.

Get a 1.00% interest rate for the first 18 months on qualifying Small Business conventional and SBA commercial real estate loans. Loans from $100,000. Apply by March 31, 2021 and close by July 31, 2021.

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.

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.

Loans from $25,000-$350,000

Purpose:

Fund working capital or inventory
Purchase equipment

Terms:

Up to 7 years for working capital or inventory (may revolve up to 12 months)
Up to 10 years on equipment
Down payment as low as 10%

Loans from $350,000

Purpose:

Purchase equipment
Purchase or refinance commercial real estate
Fund construction or improvements

Terms:

Up to 10 years on equipment
Up to 25 years on real estate with up to 25 year amortization
Construction draw period commensurate with project
Down payment as low as 10%

Loans from $200,000-$5 million

Purpose:

Purchase equipment
Purchase commercial real estate
Fund construction or improvements
Purchase or expand a business
Fund working capital or inventory

Terms:

Up to 10 years on equipment
Up to 25 years fully amortized for real estate
Construction draw period commensurate with project
Up to 10 years for business acquisitions
Up to 7 years for working capital or inventory
Down payment as low as 10%

You're a small business owner,

so you're resilient in the face of unexpected challenges,

and now, an SBA loan from Bank of America

can help you reimagine how you do business.

As a Small Business Administration preferred lender,

we know how important it is for your business

to consider a new approach when circumstances change.

Our SBA-backed loans can help you pivot your business

in a different direction, purchase or improve

commercial real estate, fund new inventory,

or purchase new equipment.

Whether you need $25,000, or $5,000,000

SBA loans offer easier qualification,

longer terms, and lower down payments

on fixed assets than most standard loans.

Our knowledgeable small business specialists

are available to help determine if an SBA loan

is right for you, and how much you

may need to take the next step.

It's important to you to find new ways to do business,

and be prepared for the challenges to come.

Keep your small business moving

with an SBA loan from Bank of America.

Speak with a small business specialist about SBA loans.

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You're a small business owner, so you're resilient in the face of unexpected challenges.

And now, an SBA loan from Bank of America can help you reimagine how you do business.

As a Small Business Administration preferred lender, we know how important it is for your business to consider a new approach when circumstances change.

Our SBA-backed loans can help you pivot your business in a different direction, purchase or improve commercial real estate, fund new inventory, or purchase new equipment.

Whether you need $25,000, or $5,000,000 SBA loans offer easier qualification, longer terms, and lower down payments on fixed assets than most standard loans.

Our knowledgeable small business specialists are available to help determine if an SBA loan is right for you, and how much you may need to take the next step.

It's important to you to find new ways to do business, and be prepared for the challenges to come.

Keep your small business moving with an SBA loan from Bank of America.

Speak with a small business specialist about SBA loans.

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.

Make an appointment