Bank of America Small Business Loans - Secured

With a quick approval process, secured loans let you borrow for a variety of purposes without securing against specific business or personal assets.

Who it's for

Secured loans are designed for business owners who need credit for:

Purchasing inventory and materials

Purchasing vehicles or equipment

Improving cash flow or permanent working capital

Refinancing debt

Financing accounts receivables

Secured loan features

Available for amounts $10,000 and up

Provides a one-time lump sum with fixed monthly payments

Quick approval process

Competitive, fixed rate of interest

Maximum term up to 7 years

Requirements

Loan documentation must be signed at a local Bank of America Banking Center

For certain requests

o Financial documentation required including the past 2 most recent years business tax return, and most recent years' personal tax return.
o All owners with at least 20% ownership required to guarantee, with a minimum of 80% ownership represented

Please visit your local banking center to apply.

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