SBA Loans & Financing for Your Business

SBA loans for established businesses

Discover all the benefits that SBA lending can offer!

SBA loans offer convenient financial options for almost any business purpose. These programs offer long terms, low down payments and reduced collateral requirements.

As a U.S. Small Business Administration (SBA) Preferred Lender, we can show you how to put these SBA programs to work for your business.

Qualifications:

You own and operate a for-profit business. Your business is legally organized as a sole proprietorship, corporation, partnership or LLC

You own and operate a for-profit business.
Your business is legally organized as a sole proprietorship, corporation, partnership or LLC.

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.

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.

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.

SBA 504 Loan Program

Loans available up to $6,500,000 for the Bank of America's portion and up to $5,500,000 for the portion funded by a Certified Development Company
Fixed rate terms up to 25-year fully amortized

Low down payment as little as 10%
Can be used to finance equipment and build, improve, refinance or purchase owner-occupied commercial real estate

SBA 7(a) Loan Program

Loans available up to $5,000,000
Fixed rate terms up to 25-year fully amortized
Low down payment as little as 10%

Can be used to finance working capital, business acquisition, partner buyout, equipment, refinance existing debt and build, improve or purchase owner-occupied commercial real estate

SBA Express Loan Program

Loans available up to $500,000
Fixed rate terms up to 15-years
Variable rates available for revolving period options

Can be used to finance working capital, inventory and equipment

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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Transcript

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