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 immediate access to working capital for your short-term needs. Use your Business Line of Credit for short-term financing, emergencies, or seasonal needs, and only pay interest on the amount in use.

Business Line of Credit Fees

 
 
 
 

Is a Business Line of Credit Right For Your Business?

Established

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

Helpful

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

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.

 
Business Line of Credit

Business Term Loan

Business Owner-Occupied
Commercial Real
Estate Mortgages*

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 $50,000 Minimum amount to borrow $50,000
Length of
Loan
Revolving with renewals occurring once a year for lines of credit greater than $750,000. From 3 years to 7 years Up to 25 years From 3 years to 10 years
Additional
Benefits
  • Unsecured lines up to $150,000
  • No financial statement required at time of application for line of credit requests up to $150,000#
  • Fixed interest rates provides peace of mind in an increasing rate environment
  • 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

Control

Make the payments you need and only pay interest on the amount of credit in use.

Confidence

Have peace of mind knowing that funds are available, whenever you need them.

Convenience

Access your funds quickly with checks or transfers.

Meet Your Business Banking Specialists
Santander's knowledgeable business bankers are ready to help you choose the right banking solutions for your business. Contact us today.

Manager Name

Serving Business with x qualifications


Phone:

1.666.666.6666

Get in touch

Additional Accounts

Discover additional services that may benefit your business.

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 $750,000, 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. 

#For BLOC applications between $10,000 and $150,000 financial statements will be required at the time of application if : (1) your business is a not-for-profit organization; or (2) your business’ existing Santander Bank business credit exposure at time of loan application in addition to the loan application request amount exceeds or will exceed $150,000; or (3) your business’ existing Santander Bank business credit exposure at time of loan application in addition to the loan application request amount is more than 15% of your business’ most recent annual sales

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.