Small Business Borrowing Resources

Find answers to questions on business financing options. Learn about applying for commercial loans, small business lines of credit, SBA loans and more.

How do I apply for a commercial loan or line of credit?

We currently offer Small Business Lines of Credit, Term Loans, Equipment Finance, Commercial Mortgages, and SBA Express lines and loans .* Since there are many options you have when opening a line of credit or term loan, visit a Santander Branch  to speak directly with a Branch Banking Representative.

*Small Business lines and loans may not be available in all states. Additional restrictions and terms and conditions apply.

What do I need to apply for a commercial loan or line of credit?

In order to apply:

• You must be a legal permanent resident in the US 
• Two years of operation under current ownership. (SBA loans may be available for 13-24 months under current ownership.) 
• At least one year of business tax returns
• Must be in good standing with state you are operating under
• Minimum 650 FICO for all guarantors
• Business credit history will be reviewed
• Detailed analysis of the entity’s financial statements and cash flow may be required
• Business must maintain their operating account with Santander Bank, N.A.

*Additional eligibility requirements may apply and supporting documentation may be required. All 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., which are subject to change at any time. Small Business Administration (SBA) collateral and documentation requirements are also subject to SBA guidelines. Other terms and conditions apply.

How much can I borrow?

Business Loan: Minimum $10,000 Maximum $1,000,000. Collateral is required if total business credit exceeds $100,000.

Business Line of Credit: Minimum $10,000 Maximum $500,000. Collateral is required if total business credit exceeds $100,000.

Equipment Finance: Minimum $25,000 Maximum $1,000,000. 

Commercial Real Estate Mortgage: Minimum $25,000 Maximum $1,000,000. 

SBA Express: Minimum $10,000, Maximum $500,000. Collateral is required if total business credit exceeds $100,000.