{"id":2916,"date":"2025-02-12T23:05:35","date_gmt":"2025-02-12T23:05:35","guid":{"rendered":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/?page_id=2916"},"modified":"2025-02-13T00:08:14","modified_gmt":"2025-02-13T00:08:14","slug":"bank-of-america","status":"publish","type":"page","link":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/bank-of-america\/","title":{"rendered":"Bank of America"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2916\" class=\"elementor elementor-2916\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b544aa8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"b544aa8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6388bdd\" data-id=\"6388bdd\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9fd4369 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9fd4369\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-dff19a4\" data-id=\"dff19a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-491d261 elementor-widget__width-initial elementor-widget-tablet__width-inherit elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"491d261\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Bank of America<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-25df71a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"25df71a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-480795a\" data-id=\"480795a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-392cdaa elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"392cdaa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bank of America Business Loans: 2025 Review<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-540ef24 elementor-widget elementor-widget-text-editor\" data-id=\"540ef24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Bank of America offers several types of business loans, low interest rates and rewards for<br \/>Preferred members &#8211; but only established businesses can qualify.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4898144 elementor-widget elementor-widget-text-editor\" data-id=\"4898144\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2fbd035 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2fbd035\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fdb4d06\" data-id=\"fdb4d06\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8b76d5f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8b76d5f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-3514e86\" data-id=\"3514e86\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-796ed78 elementor-widget elementor-widget-heading\" data-id=\"796ed78\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bank of America Business Advantage Unsecured<br> Term Loan<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2af286c elementor-widget elementor-widget-text-editor\" data-id=\"2af286c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"MuiGrid2-root MuiGrid2-direction-xs-row css-12w8byo\"><div class=\"MuiBox-root css-19kwyzk\"><img decoding=\"async\" src=\"https:\/\/www.nerdwallet.com\/cdn-cgi\/image\/quality=85\/cdn\/banking\/logos\/Barclays_Eagle_Crop.png\" alt=\"Barclays Tiered Savings Account\" width=\"0\" height=\"0\" data-nimg=\"1\" \/><strong>Max Loan Amount<\/strong><\/div><\/div><div class=\"MuiGrid2-root MuiGrid2-direction-xs-row css-nwx7lk\"><div class=\"MuiBox-root css-y3yx6c\"><div class=\"MuiBox-root css-j7qwjs\"><div class=\"MuiBox-root css-ypnxvb\"><div class=\"MuiBox-root css-70qvj9\"><p class=\"MuiTypography-root MuiTypography-body1 css-luczhw\">Undisclosed<\/p><\/div><div class=\"MuiBox-root css-70qvj9\"><div class=\"MuiBox-root css-oel5zo\">\u00a0<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"MuiGrid2-root MuiGrid2-direction-xs-row css-1q0ht6o\"><strong>Min. credit score<\/strong><\/div><div class=\"MuiGrid2-root MuiGrid2-direction-xs-row css-15rzeyi\"><div class=\"MuiBox-root css-0\"><div class=\"MuiBox-root css-7zvota\"><div class=\"MuiBox-root css-1vjmy04\"><div class=\"MuiBox-root css-1lxwves\"><div class=\"MuiBox-root css-70qvj9\"><p class=\"MuiTypography-root MuiTypography-body1 css-uw6hbn\">700<\/p><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"MuiGrid2-root MuiGrid2-direction-xs-row css-6gk1tw\"><div class=\"MuiBox-root css-16y19oj\"><div class=\"MuiBox-root css-0\" data-testid=\"cta-container\"><div class=\"MuiBox-root css-5o7kqk\" data-testid=\"cta-subtext\">\u00a0<\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c894b7 elementor-widget elementor-widget-heading\" data-id=\"3c894b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Pros &amp; Cons<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af43f54 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"af43f54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"cN_gD dp_LQ\"><strong>Pros<\/strong><\/p><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\">Several types of business loans available.<\/li><li class=\"dD_MC dD_MG dD_MM\">Competitive interest rates.<\/li><li class=\"dD_MC dD_MG dD_MM\">Preferred Rewards program can offer interest rate discounts and other perks.<\/li><li class=\"dD_MC dD_MG dD_MM\">Offers specialized commercial real estate, equipment and healthcare practice financing.<\/li><li class=\"dD_MC dD_MG dD_MM\">Fee discounts available for veteran-owned businesses.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1cc7ec6 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"1cc7ec6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p class=\"cN_gD dp_LQ\"><strong>Cons<\/strong><\/p><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\">Multiple years in business required to qualify.<\/li><li class=\"dD_MC dD_MG dD_MM\">May need to visit a Bank of America branch or schedule a phone appointment to apply.<\/li><li class=\"dD_MC dD_MG dD_MM\">Personal guarantee likely required.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f13357 elementor-widget elementor-widget-heading\" data-id=\"7f13357\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Full Review<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccdba6b elementor-widget elementor-widget-text-editor\" data-id=\"ccdba6b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America has the most commercial and industrial loans among U.S. banks at over $335 billion \u2014 surpassing the next closest lender by over $124 billion, as of December 11, 2024, according to S&amp;P Global Market Intelligence. <\/span><\/div><div>\u00a0<\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America offers several types of small-business loans, including SBA loans, term loans, business lines of credit, auto loans and equipment financing.<\/span><\/div><div>\u00a0<\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Although you\u2019ll need strong credit and, in most cases, multiple years in business to qualify for a business loan from Bank of America, existing customers can benefit from discounted interest rates and other perks.<\/span><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-070b548 elementor-widget elementor-widget-heading\" data-id=\"070b548\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bank of America is best for borrowers who:\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb82fe2 elementor-widget elementor-widget-text-editor\" data-id=\"bb82fe2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Have established businesses.<\/span> Bank of America requires that your business be under current ownership for at least two years in order to qualify for most types of financing.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Are current Bank of America customers.<\/span> Small-business owners with eligible Bank of America and\/or Merrill business bank accounts can qualify for the Preferred Rewards program, which offers interest rate discounts, as well as other benefits.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Don\u2019t need cash fast.<\/span> Bank of America offers limited online loan applications. More likely than not, you\u2019ll need to apply for a business loan over the phone or in person. However, if timing isn\u2019t a top concern you\u2019ll be able to benefit from the competitive interest rates and loan terms that Bank of America can offer.<\/span><\/div><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e59fb3 elementor-widget elementor-widget-text-editor\" data-id=\"2e59fb3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"cN_qd container\"><h2 class=\"bL_ht\">Types of Bank of America business loans<\/h2><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America offers several different types of business loans including:<\/span><\/div><div class=\"cN_qd container\"><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Secured and unsecured term loans.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Secured and unsecured lines of credit.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Business auto loans.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Equipment financing.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Commercial real estate loans.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Franchise financing.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Healthcare practice loans.<\/span><\/div><\/li><\/ul><\/div><div class=\"cN_qd container\"><h3>\u00a0<\/h3><h3 class=\"bL_hv\">Bank of America business loans and lines of credit features<\/h3><\/div><div class=\"cN_qd container\"><div class=\"dS_dg\"><div class=\"dS_M5\"><table class=\"dS_F\"><thead class=\"dS_lQ\"><tr><th class=\"dS_lP\">\u00a0<\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\">Secured Business Loan<\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Business Advantage Unsecured Term Loan<\/span><\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\">Secured Business Line of Credit<\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Business Advantage Unsecured Line of Credit<\/span><\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Cash Secured Line of Credit<\/span><\/div><\/th><\/tr><\/thead><tbody><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Loan amount<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$25,000 to $250,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$10,000 to $100,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$25,000 and up.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$10,000 and up.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$1,000 and up.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Time in business required<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">6 months.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Minimum annual revenue required<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$250,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$100,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$250,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$100,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$50,000 in annualized revenue.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Fees<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Origination fee: <span class=\"cN_gD dp_LQ dM_MZ\">0.5% of financed amount.<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">$150<\/span> origination fee.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Upfront and renewal fees vary based on credit line amount. $25,000 to $100,000: <span class=\"cN_gD dp_LQ dM_MZ\">$150 fee.<\/span> $100,001 to $250,000: <span class=\"cN_gD dp_LQ dM_MZ\">$250 fee.<\/span> Above $250,000: <span class=\"cN_gD dp_LQ dM_MZ\">0.5% of the credit line amount.<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">None.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">No origination fee. <span class=\"cN_gD dp_LQ dM_MZ\">$150<\/span> annual fee (waived the first year).<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Terms<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Up to four years when secured by business assets.<\/span><\/div><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Up to five years when secured by certificate of deposit.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">12 to 60 months.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Revolving terms with annual renewal.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Revolving terms with annual renewal.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Revolving terms with annual renewal. (Opportunity to move to an unsecured line of credit after 2 years in operation.)<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Repayment schedule<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"cN_qd container\"><h3>\u00a0<\/h3><h3 class=\"bL_hv\">Bank of America business auto, equipment and real estate loans features<\/h3><\/div><div class=\"cN_qd container\"><div class=\"dS_dg\"><div class=\"dS_M5\"><table class=\"dS_F\"><thead class=\"dS_lQ\"><tr><th class=\"dS_lP\">\u00a0<\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Business Advantage Auto Loan<\/span><\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Equipment Loan<\/span><\/div><\/th><th class=\"dS_lP\"><div class=\"cN_p2 cN_p9 container\"><span class=\"cN_gD dp_LQ dM_MZ\">Commercial Real Estate Loan<\/span><\/div><\/th><\/tr><\/thead><tbody><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Loan amount<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$10,000 and up.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$25,000 and up.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$25,000 and up.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Time in business required<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Undisclosed.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">2 years.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Minimum annual revenue required<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Undisclosed.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$250,000.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$250,000.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Fees<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">No application fee.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Origination fee: <span class=\"cN_gD dp_LQ dM_MZ\">0.5% of financed amount.<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Upfront fee: <span class=\"cN_gD dp_LQ dM_MZ\">0.75% of financed amount.<\/span> Additional fees and closing costs such as property insurance, flood hazard insurance and\/or appraisal may apply.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Terms<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">48 to 72 months.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Up to five years when secured by business assets.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Up to 10 years with balloon payment.<\/span><\/div><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Up to 15 years with full amortization.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Repayment schedule<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">You can make a phone or in-person appointment with your local small-business specialist to learn more about franchise financing or health care practice financing from Bank of America.<\/span><\/div><div class=\"cN_qd container\"><h2>\u00a0<\/h2><h2 class=\"bL_ht\">Bank of America SBA loans<\/h2><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America also offers multiple types of SBA loans, including standard SBA 7(a) loans, SBA Express loans and SBA 504 loans.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America is an SBA Preferred Lender, meaning the bank has extensive experience processing and servicing SBA loans. This designation also means that Bank of America can make final credit decisions without sending applications to the SBA, allowing for a faster loan approval timeline.<\/span><\/div><div class=\"cN_qd container\"><h3>\u00a0<\/h3><h3 class=\"bL_hv\">Bank of America SBA loan features<\/h3><\/div><div class=\"cN_qd container\"><div class=\"dS_dg\"><div class=\"dS_M5\"><table class=\"dS_F\"><tbody><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Loan amount<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">$25,000 to $5 million.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Estimated APR range<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Varies based on your business\u2019s qualifications, but subject to SBA maximums.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Fees<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Guarantee, origination, packaging, processing and other miscellaneous fees may apply.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Repayment terms<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Maximum of 25 years.<\/span><\/div><\/td><\/tr><tr class=\"dS_lM\"><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\"><span class=\"cN_gD dp_LQ dM_MZ\">Repayment schedule<\/span><\/span><\/div><\/td><td class=\"dS_lN\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Monthly.<\/span><\/div><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><div class=\"cN_qd container\">\u00a0<\/div><div class=\"cN_qd container\"><h2 class=\"bL_ht\">Where Bank of America stands out<\/h2><\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Variety of loan options<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America has a variety of business loans to choose from, including both unsecured and secured loans, as well as specialized financing options such as equipment loans, commercial real estate loans and business auto loans.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">If you\u2019re not sure which type of business loan is right for your needs, you can schedule an appointment with a Bank of America lending specialist to discuss your options.<\/span><\/div><div>\u00a0<\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Competitive rates and terms<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Among its financing options, Bank of America offers business loans with long terms and competitive interest rates.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">The unsecured Business Advantage Term Loan, for example, has terms ranging from 12 to 60 months, with fixed interest rates starting at 7.25% APR.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Similarly, Bank of America\u2019s business auto loan has terms ranging from 48 to 72 months, with fixed interest rates as low as 6.19% APR \u2014 for borrowers who have excellent credit and meet other Bank of America requirements.<\/span><\/div><div class=\"cN_qd container\"><h3>\u00a0<\/h3><h3 class=\"bL_hv\">Discounts and rewards available<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bank of America offers discounts and perks to small businesses that are eligible for its Preferred Rewards for Business program. To join the program, you need:<\/span><\/div><div class=\"cN_qd container\"><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">An active Bank of America business checking account.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Three-month combined average daily balance of $20,000 or more in qualifying Bank of America business deposit accounts and\/or Merrill business investment accounts.<\/span><\/div><\/li><\/ul><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">There is no fee to join, and if you\u2019re eligible, you can enroll through the Bank of America website.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Membership perks include discounted interest rates on business loans, no fees on select banking services and higher interest rates on savings accounts. Plus, there are three levels of reward tiers for the program \u2014 so, the more funds you hold in your qualifying Bank of America deposit accounts, the better discounts you can receive.<\/span><\/div><div class=\"cN_qd container\"><h2>\u00a0<\/h2><h2 class=\"bL_ht\">Where Bank of America falls short<\/h2><\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Hard to qualify<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Like other bank lenders, you\u2019ll need to have strong financials and several years in business to qualify for funding from Bank of America. And while the bank\u2019s cash secured line of credit can help a business establish a credit history, it doesn\u2019t actually provide additional funding since the security deposit must match the credit line amount.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Startups and businesses with bad credit will need to consider alternative sources of financing, such as online lenders or microlenders which typically have more flexible eligibility requirements.<\/span><\/div><div>\u00a0<\/div><div class=\"cN_qd container\">\u00a0<\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Slow application process<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">You\u2019ll typically need to schedule an appointment to meet with a Bank of America lending specialist, either by phone or in person, in order to submit an application. However, if you have a Bank of America Online Banking account, you can apply online for a Cash Secured Credit Line, or a Business Advantage Credit Line or Term Loan. You can also apply online for a Business Advantage Auto Loan.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Compared to lenders that allow you to create an online account to upload and submit documentation, Bank of America\u2019s loan process will likely be much slower \u2014 resulting in a longer time to fund.<\/span><\/div><div>\u00a0<\/div><div>\u00a0<\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Limited information available online<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Although not uncommon among bank lenders, Bank of America does not provide access to information that you may find from online lending competitors, such as interest rate ranges, credit score minimums and average time to fund. Knowing these details can save borrowers time and make it easier to compare loan offers.<\/span><\/div><div class=\"cN_qd container\"><h2>\u00a0<\/h2><h2 class=\"bL_ht\">How to apply for a business loan from Bank of America<\/h2><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">If you have a Bank of America Online Banking account, you can complete an online application for unsecured business term loans and lines of credit, as well as the Cash Secured Credit Line. <\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">You can also apply online for a business auto loan. For all other loans, or if you don\u2019t have an online banking account, you\u2019ll need to schedule an appointment by phone or in person with a business lending specialist.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">When you complete a loan application, you\u2019ll be asked to provide basic information about your business, including:<\/span><\/div><div class=\"cN_qd container\"><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Business name, address and phone number.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Business tax identification number.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Nature of the business, date of establishment, number of employees.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Annual net profit and annual gross sales.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">List of outstanding debt obligations (if applicable).<\/span><\/div><\/li><\/ul><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">You\u2019ll also need to provide information about each business owner, guarantor and controlling manager, such as:<\/span><\/div><div class=\"cN_qd container\"><ul class=\"dD_MD\" data-currency=\"List\"><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Name, date of birth, residential address.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Social Security number (for U.S. citizens) or passport number and country of issuance (for foreign individuals).<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Country of citizenship and country of residence.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Percentage of ownership.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Personal income.<\/span><\/div><\/li><li class=\"dD_MC dD_MG dD_MM\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">Residential status (rent or own) and monthly housing payment.<\/span><\/div><\/li><\/ul><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">If you\u2019re applying for a commercial real estate loan, equipment loan or business auto loan, you\u2019ll need to include details about the property, vehicle or equipment that you plan to finance.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Although you do not need a Bank of America business checking account to apply for a business loan, some loans require payments to be auto-debited from one of these accounts, meaning if you are approved, you\u2019ll have to open one.<\/span><\/div><div class=\"cN_qd container\"><h2>\u00a0<\/h2><h2 class=\"bL_ht\">Alternatives to Bank of America business loans<\/h2><\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">iBusiness Funding<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">If you have strong credentials but don\u2019t want to wait for a traditional bank loan, iBusiness Funding, which acquired Funding Circle in 2024, might be a good option for your business.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">iBusiness Funding offers business term loans with competitive rates and terms, and a streamlined online application \u2014 with funding available in as little as two days. Its business loans are available in amounts up to $500,000, with terms from six months to seven years. Interest rates range from<\/span><div class=\"cN_p2 cN_p9 dG_cv\">15.22<\/div><span class=\"dp_LQ dM_MZ\">% to<\/span><div class=\"cN_p2 cN_p9 dG_cv\">45<\/div><span class=\"dp_LQ dM_MZ\">%.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">To qualify, you\u2019ll need a minimum credit score of<\/span><div class=\"cN_p2 cN_p9 dG_cv\">660<\/div><span class=\"dp_LQ dM_MZ\">and at least<\/span><div class=\"cN_p2 cN_p9 dG_cv\">24<\/div><span class=\"dp_LQ dM_MZ\">months in business.\u00a0<\/span><\/div><div>\u00a0<\/div><div>\u00a0<\/div><div class=\"cN_qd container\"><h3 class=\"bL_hv\">Bluevine<\/h3><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bluevine offers business lines of credit of up to $250,000, with terms of six or 12 months. Interest rates range from<\/span><div class=\"cN_p2 cN_p9 dG_cv\">18<\/div><span class=\"dp_LQ dM_MZ\">% to<\/span><div class=\"cN_p2 cN_p9 dG_cv\">48<\/div><span class=\"dp_LQ dM_MZ\">%. <\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">You can apply for this line of credit online and receive approval in as little as five minutes. Once you draw on your credit line, you can get your funds in as quickly as 24 hours.<\/span><\/div><div class=\"cN_qd container\"><span class=\"dp_LQ dM_MZ\">Bluevine can be a good option for newer businesses and those with less-than-perfect credit histories. To qualify, you\u2019ll need to have at least<\/span><div class=\"cN_p2 cN_p9 dG_cv\">12<\/div><span class=\"dp_LQ dM_MZ\">months in business, a minimum FICO score of at least<\/span><div class=\"cN_p2 cN_p9 dG_cv\">625<\/div><span class=\"dp_LQ dM_MZ\">and at least $120,000 in annual revenue.<\/span><\/div><div>\u00a0<\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-89cc5ee elementor-widget elementor-widget-heading\" data-id=\"89cc5ee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Compare your business loan options\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1acd092 elementor-widget elementor-widget-text-editor\" data-id=\"1acd092\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div data-currency=\"Stack\"><div class=\"cN_p7\"><div><div class=\"cN_p2 cN_p9 container\"><div class=\"cN_p2 cN_p9 container\"><div class=\"cN_p2 cN_p9 container\"><span class=\"dp_LQ dM_MZ\">The best business loan is generally the one with the lowest rates and most ideal terms. But other factors \u2014 like time to fund and your business\u2019s qualifications \u2014 can help determine which option you should choose. NerdWallet recommends comparing small-business loans to find the right fit for your business.<\/span><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bank of America Bank of America Business Loans: 2025 Review Bank of America offers several types of business loans, low [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-2916","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/pages\/2916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/comments?post=2916"}],"version-history":[{"count":4,"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/pages\/2916\/revisions"}],"predecessor-version":[{"id":2927,"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/pages\/2916\/revisions\/2927"}],"wp:attachment":[{"href":"https:\/\/test5.samplewebsitelink.com\/onboardmoney\/wp-json\/wp\/v2\/media?parent=2916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}