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 APRs ranging from 0% and up to 0%.

Does US Bank charge an origination fee?

Yes, US Bank charges a loan origination fee starting at 0% of the loan amount starting at $75 US Bank deducts the fee directly from your loan amount before depositing your money, 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?

Some lenders only provide business loans for certain purposes. US Bank offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

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
  • SBA loans

Does US Bank charge a late fee?

Yes, US Bank charges borrowers with a late payment fee.

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 $10,000 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 25 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 does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents cannot apply for a loan via US Bank. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

  • Credit Score Range
    700 - 850
  • Origination Fee ($)
    Starting at $75
  • Business Loan Type
    • Unsecured Term Loan
    • SBA Loan
    • Line Of Credit
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Loan Amount
    $10000 - $2000000
  • Loan Term Range (Months)
    Up to 25
  • Max Loan Term (Months)
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