Chase business loans review
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Pros and cons of business loans
Pros
- SBA preferred lender
- No origination fee for term loans
- Nearly 5,000 branches nationwide
- Good customer satisfaction ratings
- Relationship rate discounts may be available for existing customers
Cons
- May need to apply in person
- Website lacks information about rates and eligibility requirements
- Loans over $250,000 have prepayment penalties
- Loans not available in Alaska or Hawaii
business loans review
- You’re an existing customer.
business loans at a glance
| Product | Loan amounts | Repayment term | Estimated interest rate | Fees |
|---|---|---|---|---|
| Term loans |
Amounts over $500,000 may be available to some customers
| Typically up to 60 months | Not specified | Prepayment penalty for loans over $250,000 |
| Business line of credit |
You can access funds for 60 months. At the end of the term, you’ll have another 60 months to repay any remaining balance
| Not specified | Annual fee of 0.25% of your approved credit limit or $200, whichever is higher, up to a $750 maximum | |
| Commercial line of credit | and up | -month term with balance due in full at maturity | Not specified | Origination fee of of the line amount ($3,000 max) |
| SBA 7(a) loans | Up to | Up to months | Capped at for variable-rate loans
Based on the current prime rate of
| Fees vary, subject to SBA maximums |
| SBA 504 loans | Not disclosed | Up to months | Pegged to an amount above the current rate for 10-year U.S. Treasury notes | Fees vary and are subject to SBA maximums, but an origination fee may apply to Chase’s portion of the loan |
| Commercial real estate loans | Starting at | Up to months | Not specified | Prepayment penalty for loans over $250,000 |
Business term loans
Business line of credit
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The line of credit will have a five-year draw period, during which your minimum monthly payments will be 1% of your outstanding balance, plus accrued interest. After that, there is a five-year repayment period.
There is also an annual fee with this line of credit. You’ll be charged 0.25% of your approved credit limit or $200, whichever is higher, up to a $750 maximum. However, you can waive the fee after the first year if you use at least 40% of your available credit over an average of 12 months.
Commercial line of credit
If you need to borrow more than of the line amount. The maximum you’ll pay is $3,000.
SBA 7(a) loans
The popular SBA 7(a) loan program is a great choice for most business needs, such as working capital, upgrading equipment and even purchasing or upgrading real estate.
and SBA Express loans for amounts under under this program.
is part of the SBA’s Preferred Lender Program, which means they can offer SBA loans with a quicker-than-usual turnaround — but SBA loans can still take longer to fund than non-SBA loans.
SBA 504/CDC loans
offers SBA 504 loans, which you can use to make major business investments, like buying real estate or expensive equipment.
The bank doesn’t disclose how much it will fund for these loans, but it considers requests on a per-project basis.
You can finance up to 90% of the project cost, meaning a 10% down payment will be required.
Commercial real estate loans
Aside from SBA loans, you can also use a
business loan borrower requirements
| Minimum annual revenue | Not disclosed |
| Minimum time in business |
It may be possible in certain situations for businesses under two years to qualify for loans over $500,000
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| Minimum credit score | Not disclosed |
Required documents
Here’s what you’ll need:
- Taxpayer ID or Social Security number
- Evidence of good standing with your state’s Secretary of State
- Most recent year’s business financials, like an income statement and balance sheet
- Number of workers, including employees and active contract workers
- Articles of Incorporation or Articles of Organization
- Tax transcripts, including 4506-C or 8821
- Business tax return and personal tax return
Alternatives to business loans
| Minimum credit score | Not specified | Not specified | for unsecured lines of credit and term loans; not specified for other products |
| Loan products offered |
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| Time to funding | Not specified | Not specified | Not specified |
| Starting interest rate | Not specified | for secured Quick Loans Not specified for other products |
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| Maximum loan size | + | ||
| Minimum annual revenue | Not specified | Not specified | Varies by product |
business loans vs.
is the fifth-largest bank in the country and offers similar small business financing options as . Compared with , it offers the added advantage of offering “Quick Loans,” which are smaller loans for up to that can be approved more quickly than their standard small business loan.
Unfortunately, only offers branches in 26 states — roughly half compared to those with a presence — so it might not be an option depending on where you live.
vs.
As the second-largest bank in the country, offers many of the same financing options as , albeit with a few more variations, including equipment loans and commercial auto loans.
is a bit more transparent about rates than scored higher than in J.D. Power’s 2025 U.S. Small Business Banking Satisfaction Study, meaning you may get better customer service with .