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Small Business Administration (SBA) Loans & Financing

Loans from $25,000

Quick financing at low rates

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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:

Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans. Loans from $100,000. Apply by January 13th and close by July 12th, 2023.

  • Fee Waiver: origination and appraisal fee waivers on secured term loans including commercial real estate and select SBA loans
  • Loans from $100,000.
  • Apply by January 13th, 2022 and close by July 12th, 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 from $400,000 and up
  • 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 from $200,000 and 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 from $25,000 and up to $500,000
  • Fixed rate terms up to 25-years
  • Variable rates available for revolving period options
  • Can be used to finance working capital, inventory, equipment and purchase or refinance of owner-occupied real estate

Learn more about SBA loans from Bank of America

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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