Secured Business Term Loan details

Whether you’re acquiring essential equipment, purchasing new or used vehicles, or funding everyday expenses, a Secured Business Term Loan supports your growth.

Features

  • Loan amounts from $5,000 to $250,000
  • Competitive fixed interest rates and monthly payments
  • Flexible terms up to 84 months
  • Secured and unsecured options available
  • Easily manage your loan through online banking

Fees

  • $0 origination fee

Financing benefits that fit your business.

U.S. Bank offers easy access to financing up to $250,000 for small businesses, with a streamlined application process and personalized attention from bankers.

Quick lending decisions

Our simple online application process makes it easy to quickly receive financing decisions and your funds.

Digital lending management tools

Use U.S. Bank’s business online banking to easily make payments and manage your loans and line of credit.

Trusted SBA lending partner

U.S. Bank is proud to be a designated SBA Preferred Lender providing Small Business Administration (SBA) loans.

Over 160 years of history and expertise

For generations, business owners have trusted U.S. Bank with their financial needs.

Which Business Term Loan is right for you?

Secured Business Term Loan

A Secured Business Term Loan uses your eligible business assets as collateral and offers loan amounts up to $250,000 and terms up to 84 months.

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Unsecured Business Term Loan

An Unsecured Business Term Loan does not require collateral and offers loan amounts up to $50,000, with terms up to 48 months.

Apply now

More Business Term Loan options

General purpose business loan

Best for working capital, office equipment and building improvements

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Business equipment loan

Best for construction, medical or dental equipment

Apply now

Business vehicle loan

Best for securing the ideal vehicle for your business needs. Connect with a banker.

Make an appointment

Is your business proudly diverse-owned?

Our Business Diversity Lending Program provides funding to diverse businesses with modified credit requirements for potentially easier approvals and favorable rates. See if you qualify.

Learn more

Get started with our easy online application.

Once you have decided which loan is right for your business, and have the information listed below ready, simply click Apply now.

We will guide you through the application, which you can save and return to any time. You can also login with your existing online banking credentials, and we will automatically prefill some information for you.

  • Name, business address and phone number
  • Tax ID/Social Security Number/Employer Identification Number
  • Gross annual sales information
  • In certain borrowing situations, we may need your most recent business and personal tax returns and financial statements, or legal documents like articles of incorporation

Online application is limited to businesses with no more than five owners. For secured applications, U.S. Bank will file a Uniform Commercial Code (UCC) lien and must be in first lien position.

A Personal Guaranty is required for small business loans and lines of credit.1

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Disclosures

  1. U.S. Bank requires business owners to provide a personal guaranty to obtain credit. The term personal guaranty refers to an individual’s contractual promise to personally repay credit issued to a business if the business fails to repay its debt obligations.

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Loan approval is subject to credit approval and program guidelines. Interest rate and program terms are subject to change without notice. Not all loan programs are available in all states for all loan amounts.

If the loan is prepaid in full within one year of the note date, a prepayment fee of 1% of original loan amount is a minimum of $50.00 and a maximum of $100.00. If the loan is SBA guaranteed, there are no prepayment penalties.

Financing under the Business Diversity Lending Program is subject to credit approval. Terms and conditions are subject to change.

Business Diversity Lending Program: To be eligible for the BDLP, your business must be at least 51% owned and operated by one or more individuals who are women, people of color and/or veterans. Demographic information regarding gender, race and veteran status is required only to determine eligibility for this program. U.S. Bank does not discriminate on this or any other prohibited basis.

Eligible racial categories include American Indian or Alaskan Native, Asian, Black or African American, Hispanic/Latino, Native Hawaiian or other Pacific Islander and combined ethnic or racial groups.

Woman is defined as a person who lives and identifies as female.

Veteran is defined as any person who (i) served in the Army, Navy, Marine Corps, Air Force, Coast Guard or National Guard, including any member of a reserve component of the foregoing services, and (ii) was discharged or released from service under conditions other than dishonorable.

Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.