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.
Revolving lines up to $250,000
Santander Business Line of Credit uses
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.
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.
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
Compare lending options
| SBA Express Line of Credit | SBA Express Term Loan | |
| This loan is great for | Short-term working capital financing needs | Purchase of fixed assets, permanent working capital, refinance debt |
| Length of loan | Revolving line of credit for five years, then fixed-term loan for five years | Up to 10 years |
| Size of loan | Minimum: $10,000 Maximum: $250,000 | Minimum: $10,000 Maximum: $250,000 |
| One-time Packaging Fee Fee discounts available for eligible customers2 | $250 | $250 |
| Annual Fee | No Annual Fee | No Annual Fee |
| Collateral Requirements | Unsecured: $10,000 to $100,000 Secured: $100,000 to $250,000 | Unsecured: $10,000 to $100,000 Secured: $100,000 to $250,000 |
| Interest | Prime rate based: subject to SBA guidelines | Fixed rate subject to SBA guidelines |
| Monthly Payment | Interest-only payments for the first five-years, then fixed principal plus interest for the remaining five-year term period | 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 |
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.
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.