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  Citibank Business Loan
Citibank Business Loan
in Business Loans from Citibank
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Citibank Business Loan

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in Business Loans from Citibank
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Highlights
Loan Amount $5,000 - $3,000,000
APR N/A
Loan Term (Months) Up to 84 months

Citibank Business Loan Review

Citibank business loan is a business financing offering by Citibank, based in New York, NY. Founded in 1812, Citibank offers access to small business loans in 51 states across the USA.

Citibank business loan FAQ

What are Citibank business loan’s rates?

Citibank business loan offers a business financing product but they do not disclose their rates.

Does Citibank business loan charge an origination fee?

Yes, Citibank business loan charges a loan origination fee.

What limitations does Citibank business loan set on the purpose of the business loan?

Citibank business loan considers business loan applications for business purposes, such as:

What types of small business loans does Citibank business loan offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Citibank business loan provides access to the following business loan types:

Does Citibank business loan charge prepayment fees?

Yes, Citibank business loan charges additional fees to borrowers who pay off their small business loans 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 business loan early.

How much can you borrow from Citibank business loan?

Business loan amounts start at $5,000 and go up to $3,000,000.

What is the maximum business loan term you can get with Citibank business loan?

Citibank business loan offers small business loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Citibank Business Loan?

Citibank Business Loan does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 580 and up to 850 may be eligible for Citibank Business Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Citibank Business Loan product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

To qualify, applicants may need to provide the following documentation:

Does Citibank Business Loan report your account activity to credit bureaus?

Yes, Citibank Business Loan reports your account activity to the following credit reporting agencies:

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 10:00am - 3:00pm

Other Services by Citibank

Citi ThankYou Preferred Card

L.L.Bean Mastercard Credit Card

Citi Simplicity® Credit Card

Citi® Diamond Preferred Card

Citi Prestige Card

Citi® Double Cash Card

Citi® / AAdvantage® Platinum Select® World Elite Mastercard® Credit Card

Citi Hilton HHonors Reserve Card

Citi® / AAdvantage® Executive World Elite Mastercard®

Expedia® Rewards Card from Citi

Costco Anywhere Visa Card by Citi

Goodyear Credit Card

My Best Buy® Visa®

Big O Tires Credit Card

Bjorn's Credit Card

Bloomingdale's American Express

Brand Source Credit Card

Brooks Brothers Platinum Mastercard

Toro-Exmark Credit Card

Exxon Mobil Smart Card+

Citi® Secured Mastercard® Credit Card

Citi Premier® Credit Card

Home Depot Credit Card

American Airlines AAdvantage® MileUp Mastercard®

Macy's Credit Card

Office Depot Personal Credit Account

Jewelers Reserve Credit Card

Quick Lane Credit Card

Shell Fuel Rewards® Card

Shell | Fuel Rewards® Mastercard®

Sears Card®

Sears Shop Your Way Mastercard®

Staples® Personal More Account

Tractor Supply Company Credit Card

Macy's American Express® Card

NTB Credit Card

Exxon Mobile Business Card

Honda Powersports Credit Card

Volkswagen Service Credit Card

Ford Service Credit Card

Lincoln Owner Credit Card

Citi Rewards+® Credit Card

AT&T Access Card from Citi

Citi Rewards+ Student Card

Citi Dividend Card for College Students

Citi Forward Visa Card

Citi ThankYou Preferred Card for College Students

Expedia® Rewards Voyager Credit Card

Wawa® Credit Card

Citi Custom? Cash

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Applicant's Minimum Percentage of Business Ownership 51%
Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 580 - 850
Employment Statuses Considered
  • Other
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Business Loan Type
  • Unsecured Term Loan
  • Secured Term Loan
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • Product or Service Expansion
  • Working Capital
  • Inventory
  • Technology Investment
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Options Automatic Payments
Loan Amount $5,000 - $3,000,000
Loan Term Up to 84 months

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