![]() ![]() For longer repayment, SBA 504 loans offer terms up to 25 years with a down payment as low as 10%.There's no prepayment penalty for loans with terms under 15 years. Businesses can finance real estate, expansions, franchise purchases, equipment, working capital, or debt refinancing. For large financing needs, SBA 7(a) loans feature loan amounts up to $5 million.Veteran-owned small businesses can borrow up to $350,000 to start or expand a business.Small Business Administration and offer flexibility for borrowers who may not qualify for traditional small business loans. PNC also provides access to SBA loans for a variety of purposes. Amounts range from $10,000 to $250,000 and PNC offers a fixed rate term between two and six years. For purchasing a new or used vehicle for your business: Finance up to 100% of a vehicle with a Secured Vehicle Finance Loan.Rates are fixed or variable with a term between five and 15 years, up to 25-year amortization. For purchasing or refinancing commercial property: Opt for PNC's Small Business Real Estate Loan which ranges from $100,001 to $3,000,000.Loans have a fixed or variable rate with terms between two and seven years. For financing equipment or machinery: The Secured Small Business Loan amount ranges from from $100,001 to $3,000,000. ![]() Working capital for everyday operations: PNC's Unsecured Small Business Loan offers amounts between $20,000 and $100,000 with no collateral and a fixed rate with terms between two and five years.PNC Bank offers several small business loan options to meet a variety of small business needs. Types of Business Loans Offered by PNC Bank Minimum three years in business required for traditional loans: PNC may have other credit options-like a credit card or line of credit-for businesses that have been operating for less time.You're required to put loan payments on autopay, which may change your accounting practices. Autopay and PNC business checking account required: If you don't already have a business checking account with PNC bank, you'll have to open one.Limited rate and fee information published online: You'll have to spend more time shopping around and comparing terms between lenders to track down the best terms.No online application: To apply, you'll have to call or visit a bank branch Monday through Friday between 8 a.m.Availability of qualification criteria: PNC provides a detailed list of eligibility criteria for its business loans, making it easier to gauge if you may qualify.Large loan amounts: For large financing needs like machinery, equipment, or real estate, you can borrow up to $3 million with a PNC Bank business loan or up to $5 million with an SBA loan.As a preferred SBA Lender, PNC can underwrite SBA loans rapidly. Variety of loan options: Businesses can choose from secured and unsecured loans for everyday purchases, equipment, or commercial property. ![]()
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