Chase Small Business Loan offers up to $12,500,000

Are you preparing to expand your own enterprise with more working capital or with the purchase of new equipment? In that case, a business loan can certainly be helpful. But most options are quite limited, as low as $35,000 or $100,000, which may not be enough.

That’s why the Chase Small Business Loan is a great option. With it in hand you can get up to $12,500,000 with affordable interest rates and unique advantages. It offers 5 types of loans.

The first one is the commercial term loans, where you could get $5,000 or more, with terms ranging from 12 to 84 months. In addition, there is also the possibility of using commercial lines of credit with amounts ranging from $10,000 to $500,000 with a renewable term of 60 months.

In addition, there is the option of applying for SBA loans, which come with lower than normal rates, with loan amounts of up to $12.5 million, with terms of up to 25 years with fixed and adjustable rates.

Finally, there is Equipment Financing that allows you to issue the loan with no down payment and offers up to 10% extra credit on the discounted purchase price, as well as Commercial Real Estate Loans.

Pros and Cons from Chase Small Business Loan

Chase Small Business Loan is available in all 48 contiguous states. Moreover, it offers several options to choose from, with good terms interesting terms.

But there is a little more to this line of credit that may convince you to get a loan and fulfill your favorite business dreams. Some advantages include:

• SBA Preferred Lender
• Competitive and flexible terms
• Many types of loans and lines of credit
• Widely available in the lower 48 states
• Pro-business banking and other services
• Equipment financing at up to 100% plus soft costs
• Offers a wide range of business financing products

Cons from Chase Small Business Loan

When you research business loan providers, it is important to know that no service is perfect. Such is the case with Chase Small Business Loan, which has some cons that users should consider before actually taking out the loan. Learn about the main problems we found with this service to see if it is perfect for you:

1. Must apply in person – the first point is that unfortunately you will have to go in person to a branch to get this loan – something outdated that can take a few hours to perform the procedure.
2. Rates and terms are not disclosed online – Chase Small Business Loan does not disclose eligibility requirements or fees for its business loans, leaving prospective applicants unclear on such an important point.
3. Low loan volume – The largest bank in the United States, Chase, doesn’t keep up with high user numbers relative to the volume of loans applied for – it’s too little compared to other banks

How to Qualify

Chase Bank releases some subtle points of requirements for qualification – they are usually pretty closed and don’t reveal their fees. Here are some of them:

• Personal Credit Score – based on various information, we recommend maintaining a minimum personal credit score of 670 to improve your chances of eligibility.
• Length of Time in Business – length of time in business is important, and you will need to talk to a banker to confirm the required term. Although it is not so clear, the minimum practiced is a term of at least two years.
• Annual Revenue – Chase doesn’t disclose this requirement either, but to help you out, most of their competitors request a minimum annual revenue between $100,000 and $250,000.

How to Apply

To be able to apply for the Chase Small Business Loan you need to apply in person with a business loan specialist at the Chase bank itself – there is no online application.

1. Don’t forget to bring the following documents below, they may be required:
2. Business plan.
3. Business name, address, and phone number.
4. Date the business was established.
5. Property type and tax identification number.
6. Business tax returns.
7. Bank and financial statements.
8. Details about equipment or property for real estate and equipment loans.
9. Name, address, and phone number.
10. CPF and date of birth

Credit Card

Chase Small Business Loan

Minimum credit score of 700 Get cash in less than 24 hours

Apply for loans from $5,000 to $12.5 Million

Click here to Apply On credit card page