#8 of 11 business lenders
Bank of America
Bank of America
Pick Bank of America if you're already a Bank of America customer who can stack a Preferred Rewards discount.
5.9
WeakApproval Requirements
4.1
Funding Speed
3.8
Application Experience
4.6
Transparency & Trust
6.5
Rate & Cost of Capital
8.7
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Full specifications
Head-to-head findings
- Approval Requirements
- 700+ FICO / 2yrs / $100K+/yr
- Funding Speed
- ~1 week to several weeks
- Application Experience
- Partial online start, banker-finished
- Transparency & Trust
- 4+ stars, but slow real-world process
- Rate & Cost of Capital
- 6.5-7% APR
- Loan Amount Range & Product Fit
- $10K+ / $5M+ via SBA
Record
- Head-to-head record
- 2–7
- Head-to-heads won
- 22 %
- Rounds won
- 50 %