What Are Term Loans?
Term Loans provide a specific amount of credit to purchase assets or meet specific financing needs. The loan is paid based on a predetermined schedule or monthly principal and interest payments. Loans can be unsecured or secured by collateral. Interest rates are generally fixed for the life of the loan.
Small Business Loan
- Loan amounts from $20,000 to $100,000
- Streamlined application and decisioning process
- No collateral required
- Easier payment processing – Monthly payments automatically deducted from your business checking account
- Convenient Terms – Select a fixed rate with a term between 2 and 5 years
Secured Small Business Loan
SPECIAL OFFER
Apply for a Small Business Loan by 1/20/23,
and we’ll waive the origination fee.
- Loan amounts from $100,001 to $3 million
- Lower interest rates – Use business assets to secure lower loan rates and longer terms than unsecured loans
- Covers your borrowing needs – Wide range of available loan amounts
- Simplified payments – Monthly payments automatically deducted from your business checking account
- Convenient terms – Select a fixed or variable rate with a term between 2 and 7 years
Small Business Commercial Real Estate Loan
SPECIAL OFFER
Apply for a Small Business Loan by 1/20/23,
and we’ll waive the origination fee.
- Loan amounts from $100,001 to $3 million
- Covers your borrowing needs – a wide range of available mortgage amounts and maturity terms
- Simplified payments – no checks to mail or trips to the bank – payments automatically deducted from your business checking account
- Convenient terms – Select a fixed or variable rate with a term between 5 and 15 years, with up to a 25-year amortization
Small Business Vehicle Finance Loan
- Loan amounts from $10,000 to $250,000
- Financing for the vehicles your business uses every day
- Convenient terms – Select a fixed rate with a term between 2 and 6 years
- Low or no downpayments – Up to 100% financing of the total invoice amount
Important Legal Disclosures and Information
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Offers are valid only on new business term loans. Without previous warning, offers may be extended, amended, or canceled at any moment. All loans and credit lines are subject to credit approval. Automatic debit from a business checking account is required. This offer cannot be combined with any other offers.
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Loans must be closed within 90 days of approval if applications are submitted by January 20, 2023. A new Small Business Commercial Real Estate Loan with owner-occupied real estate as collateral starting at $250,000, Secured Small Business Loan and Equipment Line of Credit starting at $100,000, SBA 504 or SBA 7(a) Small Business Real Estate Loan from $250,000 to $5,000,000, and SBA Express term loan up to $350,000 will receive a 100% waiver of the standard PNC origination fee.
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SBA requests must include a completed and signed Form 1919 with the application. Other fees and charges may be imposed. A property appraisal may be required. There is no waiver of third-party charges or SBA Loan Fees included in the offer. Refinancing current PNC business loans is not permitted. Small business construction and investment real estate loans are not eligible.
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All loans, lines of credit, and PNC Bank credit cards are subject to credit approval. Requires automatic deduction from a business checking account. Other fees and charges may apply. May be subject to a property appraisal.
APPLY HERE
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