🧭 Table of Contents

1. Why Choose a Bank for a Business Loan?
2. Top U.S. Banks That Offer Business Loans
3. Loan Types Offered by Banks
4. What Do Banks Look for When Approving a Business Loan?
5. Alternatives to Bank Loans
6. FAQs

🔍 Why Choose a Bank for a Business Loan?

Banks are often seen as the most traditional and stable option for financing. Here’s why many business owners still turn to banks:

• ✅ Lower interest rates than online lenders
• ✅ Larger loan amounts
• ✅ Longer repayment terms
• ✅ Strong credibility with investors and partners

However, banks have stricter approval criteria—so you’ll need solid financials, good credit, and a clear business plan.

🏦 Top U.S. Banks That Offer Business Loans

Here are some of the most well-known banks offering small business loans in 2025:

1. Wells Fargo

• Offers: Term Loans, Lines of Credit, SBA Loans
•  Known for: Fast turnaround times and robust online banking tools

2. Bank of America

• Offers: SBA Loans, Equipment Financing, Business Advantage Credit Line
• Known for: Business support tools and loyalty rewards for customers

3. JPMorgan Chase

• Offers: Business Lines of Credit, Commercial Term Loans
• Known for: Nationwide reach and advanced fraud protection systems

4. U.S. Bank

• Offers: Quick Loans, SBA Loans, Practice Finance
• Known for: Industry-specific solutions and mobile-friendly tools

5. PNC Bank

• Offers: Secured/Unsecured Loans, SBA 7(a) Loans
• Known for: Flexible terms and personalized underwriting process

6. TD Bank

• Offers: Business Loans and Lines, SBA Express Loans
• Known for: Extended branch hours and hands-on customer support

💳 Loan Types Offered by Banks

✅ What Do Banks Look for When Approving a Business Loan?

To improve your approval odds, banks typically evaluate:

• Personal and business credit scores (aim for 680+)
• Time in business (2+ years is preferred)
• Annual revenue (usually $100K+ minimum)
• Debt-to-income ratio
• Business plan and financial projections
• Collateral or personal guarantees

💡 Tip: Use Plaid or business accounting tools to instantly verify your financials and improve underwriting speed.

🔁 Alternatives to Bank Loans

Banks aren’t the only option. If you don’t qualify or need faster funding, consider:

• Online Lenders (e.g., OnDeck, BlueVine)
• Merchant Cash Advances
• Invoice Factoring
• Credit Unions
• Community Development Financial Institutions (CDFIs)

For a matchmaking platform that pairs you with the right funding source—including banks and private lenders—check out TermLoans.com.

❓ FAQs

Which banks offer SBA loans?

Most national banks offer SBA loans. Bank of America, Chase, Wells Fargo, and TD Bank are among the top SBA lenders in the U.S.

Do banks offer startup business loans?

Most traditional banks prefer businesses with 2+ years of revenue. For startups, SBA microloans or online lenders may be better options.

Is it easier to get a business loan from a credit union?

Yes, credit unions may offer more flexible underwriting and better interest rates, but they typically require membership.

Can I apply for a business loan online?

Yes. All major banks now offer online applications for certain business loan types, although some may require a branch visit for closing.

✍️ Final Thoughts

Banks offer reliable and competitively priced business loans—but only if you meet their standards. Make sure to:

• Know your credit score
• Organize your financials
• Research the best bank for your industry

Need help deciding which option is best for you? Try our free lender matchmaking tool at TermLoans.com.