Last Updated: 04/18/2025
SunTrust Bank Business Lines of Credit
Unaffiliated
Last Updated: 04/18/2025
Cast Your Vote
Compare All Business Lines of Credit
Filter & compare all your options in one place.
Highlights
APR (Fixed APR)
Starting at 3.75%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
N/A
Amount Range
$25,000 - $5,000,000
SunTrust Bank Business Lines of Credit Review
SunTrust Bank Business Lines of Credit is offered by SunTrust Bank, a bank founded in 1865 and based in Atlanta, GA. SunTrust Bank Business Lines of Credit are available in states.
SunTrust Bank Business Lines of Credit FAQ
What APRs does SunTrust Bank Business Lines of Credit offer?
SunTrust Bank Business Lines of Credit offers an APR that starts at 3.75% APR.
Does SunTrust Bank Business Lines of Credit charge an origination fee?
Yes, SunTrust Bank Business Lines of Credit charges an origination fee.
Does SunTrust Bank Business Lines of Credit charge prepayment fees?
Yes, SunTrust Bank Business Lines of Credit charges additional fees to borrowers who pay off their lines of credit sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a line of credit early.How much can you borrow from SunTrust Bank Business Lines of Credit?
Line of credit amounts start at $25,000 and go up to $5,000,000.
What is the maximum term you can get with SunTrust Bank Business Lines of Credit?
SunTrust Bank Business Lines of Credit offers business lines of credit with a maximum term of 60 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.
What do you need to qualify for SunTrust Bank Business Lines of Credit?
SunTrust Bank Business Lines of Credit does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. SunTrust Bank Business Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by SunTrust Bank Business Lines of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
What are the business financing requirements for SunTrust Bank Business Lines of Credit?
To apply for SunTrust Bank Business Lines of Credit, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does SunTrust Bank Business Lines of Credit report your account activity to credit bureaus?
Yes, SunTrust Bank Business Lines of Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does SunTrust Bank perform a hard credit pull?
Yes, SunTrust Bank Business Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
What types of business lines of credit does SunTrust Bank offer?
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from SunTrust Bank Business Lines of Credit
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day