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SunTrust Bank

in Business Loans

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SunTrust Bank

Unaffiliated

in Business Loans

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Overview

Where does SunTrust Bank do business?

SunTrust Bank is a bank based in Atlanta, GA. It was founded in 1865 and offers access to business loans in 10 states (and Washington, DC).

What are SunTrust Bank’s rates?

SunTrust Bank offers business loans with fixed APRs starting from % .

Does SunTrust Bank charge an origination fee?

Yes, SunTrust Bank charges a loan origination fee.

What limitations does SunTrust Bank set on the purpose of the loan?

SunTrust Bank considers loan applications for business purposes, such as:

What types of business loans does SunTrust Bank offer?

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

  • Unsecured term loans
  • Lines of Credit
  • SBA Loans
  • Commercial Real Estate

Does SunTrust Bank charge prepayment fees?

Yes, SunTrust Bank charges additional fees to borrowers who pay off their 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 loan early.

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

SunTrust Bank offers business loans with a maximum term of 300 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 a loan with SunTrust Bank?

SunTrust Bank doesn’t disclose its credit score minimum. SunTrust Bank does not require borrowers to have been in business for a minimum number of years.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

Does SunTrust Bank report loan payments to credit bureaus?

SunTrust Bank may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 10 states and Washington, D.C.
  • Alabama
  • Alaska
  • Washington, DC
  • Florida
  • Georgia
  • Maryland
  • Mississippi
  • North Carolina
  • South Carolina
  • Tennessee
  • Virginia

Feature Breakdown

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount Up to $5M
Loan Term (Months) Up to 300

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