Skip to main content

Unsecured Business Loans

Paycheck Protection Program

The Small Business Administration (SBA) has announced it is no longer accepting Paycheck Protection Program (PPP) loan applications from most lenders. This is earlier than the SBA's previous deadline of May 31.


In line with this announcement, please note:

  • Bank of America is no longer accepting or processing new PPP loan applications from clients.
  • Clients with applications that have been submitted to Bank of America or the SBA, and are currently pending, will be notified of their application status through email. Please note information on the status of PPP loans is not available through our financial centers or contact centers.

For the latest information on PPP please visit the SBA website.

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.

Calculate your monthly loan payment

Loan Amount
Interest Rate
$
months
$
months
$
months

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

 
 
 

Prefer a secured business loan?

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