Small business lending
Whether you’re looking to manage your working capital, improve cash flow to make a major purchase, or refinance debt, Santander’s dedicated team of small business banking experts can help maximize the momentum of your business. No matter the need, we have a flexible financing solution1.
A few of the many ways flexible lending options can help your business
Manage cash flow
From covering payroll to paying suppliers, our lending solutions help you manage changes in cash flow.
Support sales growth
Keep up with higher demand and fulfill orders with financing that meets your needs.
Purchase equipment
Find financing options custom built for major equipment and vehicle purchases to fuel expansion.
Explore your financing options1
Lending products customized to meet the demands of a growing business.
Small Business Line of Credit
A readily-available line of credit is essential for filling gaps in cash flow.
Small Business Term Loan
Our fixed-rate loans can help put your business plans in action or consolidate debt to reduce interest payments.
Equipment and Vehicle Financing
Our flexible terms make equipment or vehicle purchases easy, so you can stay focused on the big picture.
Additional lending options
Our flexible lending options include Small Business Administration (SBA) loans that may have smaller down payments and longer repayment terms than conventional bank loans, meaning lower monthly payments that help small to mid-sized businesses with cash flow. As a Preferred Lender under the SBA, Santander is approved to offer SBA loans and can help expedite the approval process for business owners.
Compare Santander lending options
| Account | Business Line of Credit | Term Loan | Equipment and Vehicle Financing |
| This loan is great for | Short-term working capital financing needs | Financing needs requiring longer term to pay | Financing new equipment or new and used vehicles |
| Length of loan | One year revolving term with annual renewals | Up to 5 years | Equipment: up to 7 years Vehicle: up to 10 years |
| Size of loan | Minimum: $10,000 Maximum: $250,000 | Minimum: $10,000 Maximum: $250,000 | Minimum: $25,000 Maximum: $250,000 |
| One-time Fees Fee discounts available for eligible customers2 | $250 origination fee | 0.50% origination fee, minimum $250 | $395 one-time documentation fee |
| Annual Fee | $250 annual fee, charged on the anniversary of opening the Line of Credit | No Annual Fee | No Annual Fee |
| Collateral Requirements | Unsecured: $10,000 to $100,000 Secured3: $100,000 to $250,000 | Unsecured: $10,000 to $100,000 Fully-Secured: $100,000 to $250,000 | 1st PMSI/Title on asset being financed |
| Interest | Rate based on Santander Prime Rate discounts available for eligible customers2 | Fixed | Fixed |
| Monthly Payment | Interest-only payments | Fixed monthly payments of principal and interest, fully amortizing (no balloons to refinance) | Fixed monthly payments of principal and interest, fully amortizing (no balloons to refinance) |
| Time in Business | At least two years in business under current ownership structure | At least two years in business under current ownership structure. | At least two years in business under current ownership structure. |
Please note the products listed above are Santander’s conventional lending products. For more information on our SBA lending options visit our SBA page.
About Santander Loans
Increase your chances of being approved
Understand the requirements to apply
Before you apply for a small business loan, take some time to review your personal credit history to ensure that you are in good standing.
Make a plan for your business loan
You need to be able to explain why your business needs a loan, how you will use the money, and when you plan to pay it back.
Gather your financial and legal documents
Lenders will require you to provide financial statements and legal documents to assess if your business is healthy and credible.
Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.
1 All small business accounts, loans, and services are subject to individual approval and to the acceptance rules, credit limits, policies, and guidelines of Santander Bank, N.A. Small Business Administration (SBA) collateral and documentation requirements are also subject to SBA guidelines. Other terms and conditions apply.
2 One-time fee discounts and rate discounts available for Santander Private Client and Santander Select customers. For more information, visit a Santander branch to speak with one of our bankers.
3 Santander Bank secured business lines of credit are generally secured by all business assets.