BUSINESS QUICK LOANS

Jumpstart your business
with a Quick Loan.

Experience a smooth business loan application process with the potential to receive a quick decision and fast funding.

Apply now

Secured Quick Loan

$qlterm$-month term with rates as low as

%

includes autopay with a U.S. Bank account.1 Get a 1.00% rate discount on loans over $100,000.2

Financing benefits that fit your business

U.S. Bank has a wide variety of business term loans that support the growth of your business through access to capital with competitive pricing, custom solutions and expert guidance.

Competitive rates

U.S. Bank offers easy access to business funding up to $250,000 for businesses with competitive rates and flexible terms.

Quick lending decisions

Our simple online application process makes it easy, with the potential to receive quick decisions and fast funding.

A variety of lending options

We offer secured or unsecured financing options and Small Business Administration (SBA) loans.

Business banking expertise

Our team of local and virtual bankers have deep knowledge of meeting the unique needs of business owners.

Which Quick Loan is right for me?

Loan features

Secured Quick Loan

Unsecured Quick Loan

Best for

Businesses that have assets to use as collateral

Businesses seeking a loan without using assets as collateral

Loan amount

Offers loan amounts up to $250,000 and terms up to 84 months

Offers up to $50,000 and terms up to 48 months

Benefits

Lower interest rate, secured with collateral

Higher rates, no collateral

Apply

Loan features

Best for

Secured Quick Loan

Businesses that have assets to use as collateral

Unsecured Quick Loan

Businesses seeking a loan without using assets as collateral

Loan features

Loan amount

Secured Quick Loan

Offers loan amounts up to $250,000 and terms up to 84 months

Unsecured Quick Loan

Offers up to $50,000 and terms up to 48 months

Loan features

Benefits

Secured Quick Loan

Lower interest rate, secured with collateral

Unsecured Quick Loan

Higher rates, no collateral

Loan features

Apply

Secured Quick Loan

Unsecured Quick Loan

Get started with our simple online application.

To apply for a Quick Loan, you will need to provide:

  1. Name, business address and phone number, Tax ID/Social Security number/Employer Identification Number.
  2. Gross annual sales information.
  3. In some cases, we may need your latest tax returns, financial statements, or legal documents like articles of incorporation.
  4. For secured applications, U.S. Bank will file a Uniform Commercial Code (UCC) lien and must be in first lien position.
  5. A Personal Guaranty is required for small business loans and lines of credit.3
Apply now

Common questions about business loans

A business term loan is a lump sum of capital to be paid back in fixed increments over a set period (called a term).

U.S. Bank Quick Loans are term loans which make them a great option when you need to borrow money for a specific purpose to help your business grow. For example, you might use a Quick Loan to:

  • Remodel your space
  • Open a second location
  • Hire more employees
  • Invest in a one-time, large purchase. 

A term loan can also free up your cash flow, enabling you to put your remaining capital toward day-to-day expenses and emergencies.

These loans often have lower interest rates and flexible payments. Business loans may be secured or unsecured.

Here are a few factors lenders consider before loaning money:

  • Credit: The creditworthiness of your business.
  • Time in business: How many years your business has been operating (at least 6 months minimum).
  • Collateral: Tangible assets that could be used to secure a loan (only pertains to a secured business term loan).
  • Cash Flow: The amount of cash flowing in and out of your business.
  • Debt load: The amount of debt you have.

The maximum loan amount depends on multiple factors such as your creditworthiness and the type and purpose of the business term loan. Some borrowers can borrow up to $250,000 with a secured Quick Loan and up to $50,000 with an unsecured Quick Loan.

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Diverse-owned business funding

Our Diversity lending program is for minority-owned business owners to choose from traditional lines of credit, term loans, and business funding solutions.

Learn more
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Disclosures

  1. Automatic payments are not required for Quick Loan approval, but automatic payments from a U.S. Bank checking or savings account are required to receive the rate discount of 0.50% for the term of the loan.

  3. U.S. Bank requires business owners to provide a personal guaranty to obtain credit. The term personal guaranty refers to an individual’s contractual promise to personally repay credit issued to a business if the business fails to repay its debt obligations.

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Financing maximums and terms are determined by borrower qualifications and use of funds.

Loan approval is subject to credit approval and program guidelines. Interest rate and program terms are subject to change without notice. Not all loan programs are available in all states for all loan amounts.

SBA loan funding is subject to credit approval, program, and eligibility guidelines. Financing maximums and terms are determined by borrower qualifications and use of funds. U.S. Bank, SBA, and/or third-party SBA fees may apply and vary based on the type and term of the loan. Some restrictions apply to refinancing options.

If the loan is prepaid in full within one year of the note date, a prepayment fee of 1% of original loan amount is a minimum of $50.00 and a maximum of $100.00. If the loan is SBA guaranteed, there are no prepayment penalties.

Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.

Deposit products are offered by U.S. Bank National Association. Member FDIC.

Business Diversity Lending Program: To be eligible for the BDLP, your business must be at least 51% owned and operated by one or more individuals who are women, people of color and/or veterans. Demographic information regarding gender, race and veteran status is required only to determine eligibility for this program. U.S. Bank does not discriminate on this or any other prohibited basis.

Financing under the Business Diversity Lending Program is subject to credit approval. Terms and conditions are subject to change.