Business Term Loans*

When you have an idea of how much you need to finance your next project or goal or refinance existing debt, consider a Business Term Loan. With our commercial lending capabilities, you can borrow $10,000 or more to buy equipment, expand your operations, and much more.

business term loan fee
 
 
 
 

Is a Business Term Loan Right For Your Business?

Established

You’ve been in business for 2 years or more (if less, with an SBA guarantee).

Flexible

You need funds to expand operations, purchase equipment, or refinance debt.

Dependable

You’d like predictable monthly payments to help you manage cash flow.

Compare a Business Term Loan to our other lending options

Whatever your financing needs, we’ve got a financial solution that makes sense for your business. Explore your choices using this comparison chart. 

  woman hanging seasonal sign
Business Line of Credit
man pulling rope out of water on side of boat
Business Term Loan
man and woman looking at blueprint
Business Owner-Occupied
Commercial Real
Estate Mortgages±
robotic manufacturing arm
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
Length 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
Benefits
  • 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 Term Loan

Peace of mind

Always know the amount and due date of your monthly payment.

Cost-effective

Help avoid late payment fees and enjoy a rate discount when payments are automatically debited from your business checking account.2

Additional Accounts

Discover additional services that may benefit your business.

* 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.

1 For approved business applicants, Santander Bank will waive the one-time origination fee on a new business line of credit (“BLOC”) of $10,000 and up 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.

2Rate discounts are based on your business’ relationship with Santander and when payments are automatically debited by electronic payment (E-Pay) from your Santander business checking account.