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Business Line of Credit

The essential tool to meet the needs of your growing business. Talk to a Banker today about how you can put a Santander Business Line of Credit to work for you. 
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Revolving lines up to $500,000

No financial statements required for lines of credit up to $250,0001

Santander Business Line of Credit uses

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Finance accounts receivables

Lagging receivables are a challenge for any business. A Business Line of Credit gives you access to the capital now, so you can bridge any receivables gaps and meet your expenses.
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Purchase inventory

Sometimes sales outpace cash flow, so a Business Line of Credit is a helpful tool to make sure you have inventory on hand to fulfill your orders and keep your customers happy.
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Seasonal cash flow fluctuations

Business can ebb and flow depending on the season. If business is light, it's nice to know a Santander Business Line of Credit is there to cover unexpected expenses.

Business Line of Credit features and benefits

Greater control

Make payments on a term that works for you, and only pay interest on the credit you actually use.

Have confidence

Find peace of mind knowing you have funds available to you if and when you need them.

Enjoy convenience

Access your funds quickly and easily with checks or transfers.
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Woman smiling with coworkers

Compare lending options

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Conventional Business Line of Credit
SBA Express Line of Credit
Length of loan
One year revolving term with annual renewals
Revolving line of credit for five years, then fixed-term loan for five years
Size of loan
Minimum: $10,000 Maximum: $500,000
Minimum: $10,000 Maximum: $500,000
One-time fees
Fee discounts available for eligible customers2
$250 origination fee
$250 packaging fee
Annual fee
$250 annual fee, charged on the anniversary of opening the Line of Credit
No annual fee
Collateral requirements
Unsecured: $10,000 to $100,000
Secured3: $100,000 to $500,000
Unsecured: $10,000 to $100,000
Secured: $100,000 to $500,000
Rate discounts available for eligible customers2
Rate based on Santander Prime
Prime Rate-based: subject to SBA guidelines
Monthly payment
Interest only payments
Interest only payments for the first five years, then fixed principal plus interest for the remaining five year term period
Time in business
At least two years in business under current ownership structure
For profit entities at least 13 months in business under current ownership. Additional SBA approval required
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Book an appointment at a branch near you​​​​​​​
Talk to one of our experienced Bankers about opening a new account, or get help with your existing accounts.
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About Santander Loans

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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.
Make payments on time
Paying down all your business debts on time is the single most important thing you can do to maintain a good credit score.
Show positive cash flow
Lenders will want to know that your daily operations are generating enough cash flow to repay your loan over time.
Use collateral
You can increase your chances for credit approval and extension by putting up collateral to secure your loan.
Completing your application
A loan officer will work with you directly to help gather all information you ll need to prepare your loan request.
The underwriting process
Next, a team verifies and analyzes the documents submitted to determine accuracy and creditworthiness.
Loan closing
A meeting will be scheduled to review a closing checklist of all the provided documents to finalize the loan.
Find Us
Branches across the Northeast and in Miami, Florida, plus 2,000+ ATMs.

1All 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.

2One 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.

3Santander Bank secured business lines of credit are generally secured by all business assets.