Bank of America Corporate Loans 2026

Looking into Bank of America corporate loans for your business? You’re not alone. Bank of America is one of the largest lenders in the United States, offering financing for everything from small startups to large multinational corporations. This guide walks through the different Bank of America corporate loans available in 2026, how rates and fees work, who qualifies, and how the application process actually runs — all explained in plain, factual terms so you can decide what fits your business before you ever speak with a banker.

Bank of America corporate loans include unsecured and secured term loans, business lines of credit, SBA loans, equipment loans, commercial real estate loans, and large-scale corporate banking facilities for bigger enterprises. Unsecured term loan rates start around 7.00% APR, with a flat $150 origination fee. Larger businesses can also access Bank of America’s Global Corporate Banking division for customized lending solutions.

What Are Bank of America Corporate Loans?

Bank of America corporate loans is a broad term covering the bank’s full range of business financing products. Depending on your company’s size and needs, this can mean anything from a small business term loan to a multimillion-dollar credit facility arranged through the bank’s corporate and institutional banking division.

Bank of America corporate loans splits its lending into a few main groups. Business Banking serves companies with revenue up to $5 million. Global Commercial Banking serves mid-sized businesses. Global Corporate Banking works with larger, often publicly traded companies that need complex financing, credit lines, and treasury services. Whichever tier fits your company, Bank of America corporate loans are designed to scale with the size of the business.

Types of Bank of America Corporate Loans

Bank of America offers eight main lending products under its corporate loans umbrella. Each one is built for a different business size, purpose, or stage of growth. Here’s what each type actually means, in plain terms.

1. Business Advantage Unsecured Term Loan

Business Advantage Unsecured Term Loan is a fixed-rate loan that doesn’t require any collateral. A business borrows a set amount, then repays it in equal installments over one to five years. It’s designed for working capital, expansion, or general business needs where a company doesn’t want to put up assets as security. Approval depends mainly on credit history and business revenue rather than what the business owns.

Learn more directly from Bank of America’s business financing overview.

2. Business Advantage Credit Line

A credit line works differently from a term loan. Instead of receiving one lump sum, a business gets ongoing access to a set credit limit and only pays interest on what it actually uses. This makes it a flexible option for managing cash flow, covering seasonal gaps, or handling unexpected expenses without reapplying for a new loan each time.

See current terms on Bank of America’s small business financing page.

3. Secured Term Loans

A secured loan is backed by collateral, such as equipment, real estate, or other business assets. Because the bank has that asset as backup security, secured loans often come with lower rates and larger loan amounts than unsecured options. Businesses use them to buy property, refinance debt, or fund larger expansion projects.

Read the full breakdown on Bank of America’s secured business loans page.

4. SBA Loans (7(a) and 504)

SBA loans are partly guaranteed by the U.S. Small Business Administration, which lowers risk for the bank and makes approval easier for many small businesses. Bank of America is an SBA Preferred Lender, meaning it can process these loans faster than some other banks. SBA 7(a) loans cover almost any business need up to $5 million, while SBA 504 loans are built specifically for real estate and large equipment purchases.

Full program details are on Bank of America’s SBA financing page.

5. Equipment Loans

This loan type finances machinery, vehicles, or other physical equipment a business needs to operate. The equipment itself usually serves as collateral, which tends to keep rates lower than a fully unsecured loan. It’s a common choice for manufacturers, contractors, and any business that relies on expensive physical tools to run.

Compare equipment financing options via Bank of America’s business financing solutions.

6. Commercial Real Estate Loans

This loan lets a business purchase, refinance, or renovate property it occupies for operations. The loan is secured by the property itself. Businesses that already own property outright can also use this option to unlock equity and fund other needs, such as expansion or debt consolidation.

Details are available on Bank of America’s commercial real estate loans page.

7. Cash Secured Line of Credit

This is a credit-building tool for newer businesses that don’t yet qualify for unsecured lending. The business puts down a refundable deposit, which backs the credit line. After a review period, usually around 12 months, the business may graduate to an unsecured credit line based on its payment history.

More on eligibility is covered on Bank of America’s business financing hub.

8. Global Corporate Banking Facilities

This tier is built for large, often publicly traded companies rather than small businesses. It includes customized credit facilities, syndicated loans shared across multiple lenders, and treasury management solutions. These deals are structured individually through a dedicated relationship banker rather than a standard online application.

Learn more about this division through Bank of America’s Corporate & Investment Banking page.

Bank of America Corporate Loan Rates and Fees

Rates for Bank of America corporate loans vary by product, borrower credit profile, and loan size. Based on current published figures:

Unsecured Term Loan: Starting rates around 7.00% APR (fixed), with a flat $150 origination fee
Business Advantage Credit Line: Prime + 0% variable intro rate for the first seven billing cycles, no origination fee, and the $150 annual fee waived in year one
Preferred Rewards for Business discounts: Eligible members can get 0.25% to 0.75% off new credit lines, term loans, and secured lending, plus 0.25% to 0.50% off new auto loans, depending on tier

These figures change regularly based on market conditions, so always confirm current rates directly with Bank of America before applying. This guide is for general informational purposes only and isn’t financial or investment advice — a lending specialist can review your specific situation and give you an accurate quote.

Who Qualifies for Bank of America Corporate Loans?

Eligibility for Bank of America corporate loans depends heavily on which product you’re applying for. In general, the bank favors established businesses with strong credit and existing banking relationships. Typical requirements include:

A minimum time in business, often one to two years for standard term loans and credit lines
A minimum annual revenue threshold, which varies by loan type
Good to excellent personal and business credit history
An existing Bank of America business checking account, which can improve approval odds and unlock rate discounts

Newer businesses without strong credit history can still access Bank of America corporate loans through the Cash Secured Line of Credit, which only requires six months in business and a refundable deposit, with the option to build toward an unsecured line over time.

How to Apply for Bank of America Corporate Loans

Applying for Bank of America corporate loans generally follows these steps:

Choose the right product: Match your business size and goals to a term loan, credit line, SBA loan, or corporate banking facility.
Gather your documents: Typically includes business financial statements, tax returns, a business plan, and personal financial information for owners.
Apply online or in person: Many Business Advantage products can be started online, while larger corporate facilities usually require a dedicated relationship manager.
Underwriting review: Bank of America reviews your credit, revenue, and financial history to determine approval and terms.
Receive your offer: If approved, you’ll receive specific rate, term, and repayment details to review before accepting.

For larger companies seeking Global Corporate Banking services, the process usually starts with a conversation with a relationship banker rather than a standard online application, since these deals are customized to each company’s structure and needs.

Documents You’ll Need to Apply for Bank of America corporate loans

Before applying for Bank of America corporate loans, gather these documents to speed up the process:

Recent business tax returns, usually the last two to three years
Year-to-date profit and loss statement and balance sheet
Personal financial statements for business owners
Business formation documents (articles of incorporation, business licenses)
A business plan, especially for larger loan requests or newer companies
Bank statements from the past several months

Larger companies applying through Global Corporate Banking typically provide more extensive financial documentation, including audited financial statements, since these Bank of America corporate loans often involve significantly larger sums and more complex underwriting.

Bank of America Corporate Loans vs. Other Lenders

How do Bank of America corporate loans compare to competitors like Wells Fargo and Chase? A few points stand out:

Rate competitiveness: Bank of America regularly offers some of the lowest starting rates among major bank lenders, especially for well-qualified borrowers.
Product range: The bank covers nearly every financing need under one roof — term loans, credit lines, SBA loans, equipment, real estate, and large-scale corporate facilities.
Relationship banking: Preferred Rewards members with meaningful account balances receive real rate discounts, rewarding businesses that consolidate their banking with Bank of America.
Longer terms: Unsecured loan terms can run one to five years, longer than what many online lenders typically offer.

The tradeoff is that Bank of America corporate loans tend to have stricter qualification standards than online or alternative lenders, so newer or lower-revenue businesses may find approval harder to secure.

Bank of America Corporate Loans — Frequently Asked Questions

What are Bank of America corporate loans?

Bank of America corporate loans refer to the bank’s full range of business financing products, from small business term loans and credit lines to large-scale corporate banking facilities for bigger companies.

What is the interest rate on Bank of America corporate loans?

Unsecured term loans start around 7.00% APR, while the Business Advantage Credit Line offers a Prime + 0% introductory rate for the first seven billing cycles. Rates vary by product, credit profile, and current market conditions.

How long does it take to get approved for Bank of America corporate loans?

Standard Business Advantage products can sometimes be processed within days, while larger corporate banking facilities typically take longer due to more detailed underwriting and customized terms.

Do I need an existing Bank of America account to qualify?

It’s not always required, but having an existing account can improve approval odds and may unlock Preferred Rewards discounts on rates.

Are Bank of America corporate loans good for startups?

Newer businesses may find standard term loans harder to qualify for, but the Cash Secured Line of Credit offers a path to build credit with just six months in business.

Can large corporations get customized financing from Bank of America?

Yes. Bank of America’s Global Corporate Banking division works with large, often publicly traded companies to arrange customized credit facilities, syndicated loans, and treasury solutions.

Conclusion

Bank of America corporate loans cover a wide spectrum — from a simple unsecured term loan for a small business to complex, customized financing for major corporations. The right product depends entirely on your company’s size, credit profile, and specific financing needs.

Because rates, fees, and eligibility requirements change over time, always confirm current terms directly with Bank of America or a qualified financial advisor before making a borrowing decision. This article is intended for general informational purposes only and does not constitute financial or investment advice.

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