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Unsecured Business Loans

Important updates on the Paycheck Protection Program

New federal legislation extends the Small Business Administration's (SBA) deadline to approve new Paycheck Protection Program (PPP) loan applications from March 31 to May 31, 2021, or sooner if funding runs out. The legislation also enables the SBA to continue processing pending PPP loan applications for an additional 30 days after its May 31 deadline; however, lenders must complete processing and submit all applications to the SBA by May 31.

With this program extension, Bank of America is now accepting new applications for first draw and second draw PPP loans.

Due to our commitment to the Paycheck Protection Program under the CARES Act, we will not be processing new Business Advantage Credit Line or Term Loan applications at this time. We apologize for this temporary inconvenience. Learn more about our response to COVID-19 about our response to COVID-19.

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Preferred Rewards for Business clients can save even more with interest rate discounts of

Preferred Rewards for Business clients can save even more with interest rate discounts of

0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

 

Preferred Rewards for Business clients can save even more with interest rate discounts of

Preferred Rewards for Business clients can save even more with interest rate discounts of

0.25%

Gold

0.50%

Platinum

0.75%

Platinum Honors

 
 
 

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Finance account receivables or refinance debt with loan secured by your collateral.