Small Business Administration (SBA) Loans & Financing

Loans from $25,000

Quick financing at low rates

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-$3.5 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.

Connect with us

866.543.2808

Mon-Fri 8 a.m. – 10 p.m. ET

Mon-Fri 8 a.m. – 10 p.m. ET