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Last Updated: 06/21/2025

Citizens Bank Business Loan

in Business Loans from Citizens Bank

Last Updated: 06/21/2025

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Highlights

Amount Range

Up to $150,000

APR (Fixed APR)

N/A

Loan Term (Months)

Up to 84

Citizens Bank Business Loan Review

Citizens Bank business loan is a business financing offering by Citizens Bank, based in Providence, RI. Founded in 1828, Citizens Bank offers access to small business loans in 50 states (and Washington, DC).

Citizens Bank business loan FAQ

What are Citizens Bank business loan rates?

Citizens Bank business loan offers a fixed APR business financing product but they do not disclose their rates.

Does Citizens Bank business loan charge an origination fee?

Yes, Citizens Bank business loan charges a loan origination fee .

Does Citizens Bank business loan charge prepayment fees?

Yes, Citizens Bank business loan may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

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

Citizens Bank 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 Citizens Bank Business Loan?

Citizens Bank Business Loan requires companies to be in business for at least month

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

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Citizens Bank Business Loan.

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

Bank account information
Business formation documents
Driver's license or other government photo ID
Government issued photo ID
Proof of identity

Does Citizens Bank Business Loan report your account activity to credit bureaus?

Yes, Citizens Bank Business Loan 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 Citizens Bank perform a hard credit pull?

Yes, Citizens Bank business loan 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.

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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.

Contact

Headquarters

1 Citizens Plz

Providence, RI 02903

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