Unsecured Business Loans & Financing from Bank of America

Get funds to grow your business

Apply now for Business Advantage Term Loan Apply now for Business Advantage Term Loan

Loan amount

from $10,000

Fixed rates

As low as 6.50%^{Disclosure † Fixed rates}

Minimum Qualifications

Personal credit above 700 FICO® Score is typically required
2 years in business
$100,000 in annual revenue

Loan amount

from $10,000

Fixed rates

As low as 6.50%^{Disclosure † Fixed rates}

Minimum Qualifications

Personal credit above 700 FICO® Score is typically required
2 years in business
$100,000 in annual revenue

Why use a Business Advantage Term Loan?

This loan^adatext is ideal when you want to receive all your funds at one time for business expansion, purchasing equipment and long - term capital investments. Additionally, you can now finance your Energy Efficient Equipment such as HVAC, EV chargers, energy efficient appliances, LED lighting and more.

Qualifications:

Both business and personal finances are reviewed for creditworthiness
- Personal credit above 700 FICO® Score is typically required
- At least 2 years in business under existing ownership
- $100,000 or more in annual revenue

Loan Terms:

From 12-60 months

Receive funds as a one-time lump sum
Fixed payments over the life of the loan

Origination Fee:

$150 if approved

Please see terms and conditions for Business Advantage Term Loan for rate, fee and other cost information, as well as an explanation of payment allocation. All terms may be subject to change.

Advertised as low as rate is effective as of October 1^st, 2024 and is subject to change. Your actual interest rate may differ based on your creditworthiness, overall business relationship with Bank of America and line amount.

Loan amount

from $10,000

Fixed rates

As low as 6.50%^{Disclosure † Fixed rates}

Minimum Qualifications

Personal credit above 700 FICO® Score is typically required
2 years in business
$100,000 in annual revenue

Loan amount

from $10,000

Fixed rates

As low as 6.50%^{Disclosure † Fixed rates}

Minimum Qualifications

Personal credit above 700 FICO® Score is typically required
2 years in business
$100,000 in annual revenue

Qualifications:

Both business and personal finances are reviewed for creditworthiness

Personal credit above 700 FICO® Score is typically required
At least 2 years in business under existing ownership
$100,000 or more in annual revenue

Loan Terms:

From 12-60 months

Receive funds as a one-time lump sum
Fixed payments over the life of the loan

Origination Fee:

$150 if approved

Please see terms and conditions for Business Advantage Term Loan for rate, fee and other cost information, as well as an explanation of payment allocation. All terms may be subject to change.

Apply now for Business Advantage Term Loan

Calculate your monthly loan payment

Loan Amount

Interest Rate

months

Get more with Preferred Rewards

Preferred Rewards for Business members can get an interest rate discount of 0.25%-0.75% for new Business Advantage credit lines, term loans and secured lending, based upon your tier at time of application.^adatext

Learn more