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Small Business Administration (SBA) Loans & Financing

Loans from $25,000

Quick financing at low rates

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

Learn more about SBA loans from Bank of America

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.