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Bank of America

Listed
Bank for business lines of credit and term loansCharlotte, North CarolinaBased in North Carolina; service area not yet provided
BBLL 000727Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Bank of America offers distinct unsecured term loans, unsecured revolving credit and a cash-secured credit-building line. Eligibility and fees differ by product.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Business lines of creditTerm loans
From the lender's own site and public records.

A second look at Bank of America

Bank of America offers distinct unsecured term loans, unsecured revolving credit and a cash-secured credit-building line. Eligibility and fees differ by product.

Direct bank lender: Bank of America, N.A.

Published by Levr, not by Bank of America. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business Advantage Term Loan

Amount and term
$10,000–$100,000; 1–5 years with fixed monthly payments.
Entry screen
Two years under existing ownership; $100,000 prior-year annual business revenue; personal FICO typically above 700.
Fees and collateral
$150 origination fee if approved; no collateral required.

Provider sources: Unsecured term loan

Business Advantage Credit Line

Limit
$10,000–$250,000, subject to approval.
Entry screen
Two years under existing ownership, $100,000 prior-year annual revenue and personal FICO typically above 700.
Structure
Unsecured revolving line; annual renewal is at the bank’s discretion. Interest applies to the outstanding balance.
Fees
$150 annual fee, waived in year one; no cash advance fees. Confirm pricing after any introductory offer.

Provider sources: Unsecured credit line

Business Advantage Credit Line Cash Secured

Limit and deposit
$1,000–$50,000; a cash security deposit is required.
Entry screen
At least six months under existing ownership and a Bank of America checking or savings account.
Structure and fees
Revolving line with annual renewal; $150 annual fee waived in year one; no cash advance fees.
Graduation
Periodic review may allow transition to unsecured credit; this is not automatic.

Provider sources: Cash-secured line

When it may fit

Our assessment of the published programs

  • Useful comparison for an established business seeking bank term financing or revolving working capital.
  • The cash-secured product may suit credit building when the owner can tie up cash as security.

What to weigh carefully

  • An unsecured product can still involve personal liability; ask who must guarantee it.
  • Introductory rates and relationship discounts are conditional and do not establish a universal ongoing APR.
  • The unsecured product’s two-year history and revenue requirements should not be applied to the cash-secured product.

Questions before you accept an offer

  1. What rate applies after any promotion, and can it change?
  2. Who guarantees the debt and what triggers default?
  3. What cash deposit is required, and when can it be released?
  4. What happens if the annual line renewal is declined?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Chase

Compare Chase term loans and lines, including relationship requirements and annual fees.

Wells Fargo

Compare Wells Fargo BusinessLine limits and personal guarantee requirements.

The lender

Type
Bank
Legal name
Bank of America, National Association
Founded
1904
Charter
Not yet provided Add it
Headquarters
Charlotte, North Carolina
Service area
Based in North Carolina; service area not yet provided
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
Website
bankofamerica.com
LinkedIn
Not yet provided Add it

Loan officers at this lender

No loan officers listed yet. Work here? Claim your profile.

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