Business Borrowing Line of Credit

Business Line of Credit

Life can be unpredictable, and so can your cash flow. Be prepared for whatever comes your way with a Business Line of Credit, which gives you easy access to working capital for your short-term needs. Whether you're looking to cover emergency expenses or adapt to the changing times. Whether it's managing seasonal expenses, or adapting to changing times use your Business Line of Credit for short-term financing and only pay interest on the amount in use.
Borrowing Business Line of Credit

Is a Business Line of Credit Right For Your Business?

Borrowing Business Line of Credit Established
Established

You've been in business for two years or more (if less, with an SBA guarantee)

Borrowing Business Line of Credit Helpful
Helpful

You need a convenient way to finance short-term needs.

Borrowing Business Line of Credit Accessible
Accessible

You’re looking for a flexible source of working capital.

 

Compare a Business Line of Credit to our other lending options

Whatever your financing needs, we’ve got a lending solution that makes sense for your business. Explore your choices using this comparison chart.
Image here
Business Line of Credit
Image here
Business Term Loan
Image here
Business Owner-Occupied Commercial Real Estate Mortgages
Image here
Business Equipment Finance
Great Choice For
 
Short-term working capital financing needs
Financing needs requiring longer term to pay
Purchase, renovate, or refinance owner occupied commercial real estate
Financing equipment and vehicles
Potential Uses
  • Finance accounts receivable
  • Purchase inventory
  • Support seasonal cash flow fluctuations
  • Acquire fixed assets
  • Refinance non-Santander debt with fixed monthly payments
  • Acquire commercial real estate
  • Improve or expand existing building
  • Refinance non-Santander existing real estate debt
  • Acquire vehicles or equipment, some of the qualifying vehicles and equipment include medical, construction and agricultural
Available Amounts and Details
Revolving lines for amounts starting at $10,000
Minimum amount to borrow $10,000
Minimum amount to borrow $25,000
Minimum amount to borrow $50,000
Lenght of Loan
Revolving with renewals occurring once a year for lines of credit no greater than $350,000.
From 3 years to 7 years
Up to 25 years
From 3 years to 10 years
Additional Benifits
  • Unsecured lines up to $100,000
  • Fixed interest rates 
  • Finance up to 80% of the lesser of the purchase price or appraised value
  • Available 100% financing of costs including taxes, freight, installation, software, warranties and training
  • Low fixed or floating rates available

Benefits of a Business Line of Credit

Borrowing Business Line of Credit Control
Control
Make the payments you need and only pay interest on the amount of credit in use.
Borrowing Business Line of Credit Confidence
Confidence
Have peace of mind knowing that funds are available, whenever you need them.
Borrowing Business Line of Credit Convenience
Convenience
Access your funds quickly with checks or transfers.

Additional Accounts

Discover additional services that may benefit your business.
Term Loan

Term Loan

Borrow just what you need, and take advantage of predictable monthly payments.

Learn More

Checking Accounts

Checking Accounts

Choose one of our many checking solutions, designed to fit your business.

Learn More

payments and processing

Payments and Processing

Tools to help optimize your cash flow and safeguard against fraud.

Learn More

*The products and information provided on this page are only for small businesses with annual revenues up to $3,000,000, subject to acceptance rules, credit limits, policies, and guidelines of Santander, N.A. For other Business Banking customers with a dedicated relationship manager, please contact your relationship manager directly.

1For approved business applicants, Santander Bank will waive the one-time origination fee of $250 on a new business line of credit (“BLOC”) between $10,000 and $350,000, if the approved applicant either has or opens at time of BLOC closing a Santander Business Checking or Santander Business Checking Plus account. Additional fees, terms, and conditions may apply.

±Owner-occupied real estate is defined as property where the owner-operating company occupies more than 50% of the gross rentable space, and generates more than 50% of the cash flow necessary to service debt; otherwise, property is considered Investment Real-estate. 

100% financing of equipment and vehicle cost is only available for businesses that have been in legal and/or operating existence for two or more years prior to the date of receipt of completed application by Santander Bank. 80% financing of equipment cost is available to businesses that have been in legal and/or operational existence less than 2 years as of the date of receipt of completed application by Santander Bank.

app storegoogle play