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  US Bank Business Loans

US Bank Business Loans

in Business Loans from US Bank

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US Bank Business Loans

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in Business Loans from US Bank

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Highlights
Highlights
Loan Amount $5,000 - $2,000,000
APR 0%
Loan Term (Months) Up to 80 months

US Bank Business Loans Review

US Bank Business Loans is a business financing offering by US Bank, based in Minneapolis, MN. Founded in 1863, US Bank offers access to business loans in 50 states (and Washington, DC).

US Bank Business Loans FAQ

What are US Bank Business Loans’s rates?

US Bank Business Loans offers a business financing product of 0%.

Does US Bank Business Loans charge an origination fee?

Yes, US Bank Business Loans charges a loan origination fee starting at 0% of the loan amount of $75 US Bank Business Loans 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 Business Loans set on the purpose of the loan?

US Bank Business Loans 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 Business Loans 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 Business Loans provides access to the following business loan types:

  • Unsecured term loans
  • Lines of Credit
  • SBA Loans

Does US Bank Business Loans charge prepayment fees?

Yes, US Bank Business Loans 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 Business Loans?

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 Business Loans?

US Bank Business Loans 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 US Bank Business Loans?

US Bank Business Loans requires companies to be in business for at least 6 months. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 700 and up to 850 may be eligible for US Bank Business Loans.

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 US Bank Business Loans 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.

U.S. citizens are, of course, eligible for the services offered by US Bank Business Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Proof of identity
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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.

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
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 Income
  • Proof of Identity
Loan Amount $5,000 - $2,000,000
APR 0%
Loan Term Up to 80 months

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