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Business Term Loan

Finance a new project or refinance an existing one with a Business Term Loan, to maximize your growth.
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Secured loans up to $1,000,000

Enjoy fixed monthly payments over a term of up to 10 years.

Dream bigger with a Business Term Loan1

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Grow your business

Expand your operation by investing in it strategically.
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Finance equipment

Pay for essential tools, equipment, and vehicles.
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Increase working capital

Improve your short-term liquidity.

Business Term Loan features and benefits

Peace of mind
Get the peace of mind of knowing exactly what your payments will be with a fixed-rate loan.
Benefit from predictable monthly payments, with loan terms of up to 10 years.
Relationship pricing
Rate and fee discounts available for Santander® Private Client and Santander Select ® customers.
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Compare Santander Term Loan options

Filter Products
Conventional Term Loan
SBA Term Loan
This loan is great for
Financing needs requiring a longer term to pay
Purchasing fixed assets, including new and used equipment/vehicles
Length of Loan
Up to five years
Up to 10 years
Size of Loan
Minimum: $10,000
Maximum: $1,000,000
Express Loan
Minimum: $10,000
Maximum: $500,000

7(a) Loan
minimum: $500,000
Maximum: $1,000,000
One-time fees
Fee discounts available for eligible customers2
0.5% origination fee, minimum $250
$250 packaging fee
Annual Fee
No annual fee
No annual fee
$10,000 to $100,000
Fully Secured: $100,001 to $1,000,000
$10,000 to $100,000
Fully Secured: 
$100,001 to $1,000,000
Fixed rate subject to SBA guidelines
Monthly 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
For-profit business > 13 months under current ownership; supported use of loan proceeds; subject to SBA eligibility
Open loan comparison
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Book an appointment near you

Connect with one of our experienced bankers to open an account and more. 
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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.ith a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.