Business Term Loan
Finance a new project or refinance an existing one with a Business Term Loan, to maximize your growth.
Secured loans up to $250,000
Enjoy fixed monthly payments over a term of up to 10 years.
Dream bigger with a Business Term Loan1
Grow your business
Expand your operation by investing in it strategically.
Finance equipment
Pay for essential tools, equipment, and vehicles.
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.
Predictability
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.
Compare Santander Term Loan options
| SBA Express Line of Credit | SBA Express Term Loan | |
| This loan is great for | Short-term working capital financing needs | Purchase of fixed assets, permanent working capital, refinance debt |
| Length of loan | Revolving line of credit for five years, then fixed-term loan for five years | Up to 10 years |
| Size of loan | Minimum: $10,000 Maximum: $250,000 | Minimum: $10,000 Maximum: $250,000 |
| One-time Packaging Fee Fee discounts available for eligible customers2 | $250 | $250 |
| Annual Fee | No Annual Fee | No Annual Fee |
| Collateral Requirements | Unsecured: $10,000 to $100,000 Secured: $100,000 to $250,000 | Unsecured: $10,000 to $100,000 Secured: $100,000 to $250,000 |
| Interest | Prime rate based: subject to SBA guidelines | Fixed rate subject to SBA guidelines |
| Monthly Payment | Interest-only payments for the first five-years, then fixed principal plus interest for the remaining five-year term period | Fixed monthly payments of principal and interest, fully amortizing (no balloons to refinance) |
| Time in Business | At least 2 years in business under current ownership structure | At least 2 years in business under current ownership structure. |
About Santander Loans
Increase your chances of being approved
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 Loan Closer will contact you to review requirements for closing and finalizing 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.