Chase offers small business loans, business lines of credit and commercial real estate financing. These financing solutions are available in all states except Hawaii and Alaska. They require applicants to apply in person and funding takes days or weeks.
Applicants should prepare to show that their businesses have strong financial projections and cash reserves. They also need to be able to demonstrate the value of their assets.
Interest rates
Chase offers a range of small business loans, including term loans and lines of credit. Its rates are based on your banking relationship, credit, and collateral. The company also offers a program that provides loans to businesses in underserved areas. However, the application process is slow compared to other lenders and the bank does not provide transparent information about its pricing and eligibility requirements online.
Chase offers 12 different small business loan options. Some of them have flexible terms, while others have fixed rates. Some are even unsecured and do not require collateral. For instance, the Chase Quick Capital Loan is a small business loan that can be used to cover cash flow needs, buy inventory, or expand your business. The loan offers competitive rates and does not have a minimum credit score requirement. You can also apply for the SBA 7(a) and SBA Express programs. These are designed to help you finance working capital, purchase equipment, or invest in real estate.
Requirements
Chase is a business bank that provides a wide range of financial products for small businesses. These include business lines of credit, term loans and SBA loans. Its requirements vary by location. You must visit a branch to apply and meet with a loan officer. You will also need to submit tax returns, profit and loss statements, financial projections and a business plan. You must also have a good personal credit score.
Chase’s maximum loan amounts are higher than those of most other lenders. The company also offers flexible repayment terms. For example, it allows you to borrow up to $500,000 for a business term loan or line of credit. The company also offers SBA 7(a) and 504 loans and commercial real estate financing.
The lender’s minimum loan amount is $25,000 and its maximum loan size is $500,000. You can apply online or at a Chase bank branch. The bank has a number of features that set it apart from other lenders, including a fast application process and free coaching for minority entrepreneurs.
Fees
Chase offers a variety of business financing options, including small business term loans, lines of credit and commercial real estate financing. It also offers SBA loan programs, such as the popular 7(a) and Express products. These loans are designed for borrowers who need a larger amount of capital but cannot wait for the normal SBA process.
The bank’s credit requirements are high and vary by state. Chase’s credit requirements are based on both personal and business financial data. It does not publish its borrower requirements online, but you can mosey down to a branch and ask about them.
Another downside of Chase is that its business lines of credit are subject to annual fees of $200 or 0.25 percent of your credit limit, whichever is higher. This is a bit steeper than other lenders. However, it does offer flexible repayment terms, which can help you manage your cash flow and debt payments. The company also offers a special product to help businesses in historically underserved communities.
Customer service
Chase offers several financial products for small business loans, including traditional term loans and lines of credit. Its flexible loan terms and high maximum loan amounts make it a good choice for businesses that need to fund projects or purchase equipment. The bank also offers a special lending program designed to expand access to credit in minority-majority communities.
The company doesn’t disclose its pricing or eligibility requirements online, so it’s important to research other lenders before applying for a Chase business loan. In addition, the company’s customer satisfaction scores are low on third-party review sites.
As one of the largest banks in the United States, Chase has a large network of branches and can offer you local support if needed. It also offers a variety of banking products, including unsecured business lines of credit and Small Business Administration (SBA) loans. These loans are designed for borrowers with good credit and years of experience. They can help you grow your business, manage cash flow and invest in commercial real estate.