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US Bank

in Business Loans

Unaffiliated Visit Site Find My Best Rate

US Bank

Unaffiliated

in Business Loans

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Overview

Where does US Bank do business?

US Bank is a bank based in Minneapolis, MN. It was founded in 1863 and offers access to business loans in 50 states (and Washington, DC).

What are US Bank’s rates?

US Bank offers business loans with fixed APRs starting from 0% to 0%.

Does US Bank charge an origination fee?

Yes, US Bank charges a loan origination fee starting at 0% of the loan amount of $75 US Bank deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

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

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

  • Business Debt Refinance
  • Equipment Purchase
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does US 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. US Bank provides access to the following business loan types:

  • Unsecured term loans
  • Lines of Credit
  • SBA Loans

Does US Bank charge prepayment fees?

Yes, US 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.

How much can you borrow from US Bank?

Loan amounts start at $5,000 and go up to $2,000,000.

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

US Bank offers business loans with a maximum term of 80 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 US Bank?

Applicants with a credit score of at least 700 can apply for a loan via US Bank. US Bank requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of .

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

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...

Availability

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

Feature Breakdown

Origination Fee
Starting at 0%
Origination Fee ($)
$75
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business
6
Minimum Revenue
$0
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount
$5 - $2
$25 $1+
Loan Term (Months)
Up to
80
APR
0%
0% 100%+

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