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Business Loans and Lines of Credit — Comparison Chart

 Wells Fargo Small Business Advantage® Line of Credit BusinessLine® Line of Credit Secured BusinessLine® Line of Credit Wells Fargo Commercial Equity Line of Credit
This Solution Offers
  • An unsecured revolving line of credit for any business need.
  • Backing by the SBA.
  • An unsecured revolving line of credit.
  • Fast, easy access to funds as needed.
  • A secured revolving line of credit.
  • Preserves savings while offering access to working capital.
  • A real estate-secured revolving line of credit.
  • Access for many business needs.
RateVariable rate tied to Prime Rate.Variable rate tied to Prime Rate.Low, variable rate tied to Prime Rate.Variable rate tied to Prime Rate.
Credit Amount$5,000 to $100,000$10,000 to $100,000$5,000 to $100,000, line size up to 95% of collateral amount$50,000 to $500,000 (up to 75% of the property value)
CollateralNone — it's unsecured.None — it's unsecured.Secured by a Wells Fargo savings or CD account.Secured by business or investment property, valued up to $3 million1 (No second homes).
 
 Wells Fargo BusinessLoan® Term Loan Equipment Express® Loan Express Equity, Express Refi, and Purchase Advantage Loans Small Business Administration Loans
This Solution Offers
  • An unsecured lump sum term loan for long-term financing.
  • Flexible, predictable re-payment terms
  • A secured term loan for equipment and vehicle purchases.
  • Pre-approved credit amount with flexible terms.
  • Real estate-secured loans.
  • Financing to purchase or refinance a building.
  • Get an equity loan for many business needs.
  • Longer term loans for working capital, acquisition, and real estate.
  • Backing by the SBA.
RateFixed Rate — based on term length and credit history.Fixed Rate — based on term length, credit history, and equipment or vehicle being purchased.Fixed or Prime-based.Fixed or Adjustable Rates Available.
Credit Amount$10,000 to $100,000$10,000 to $100,000$50,000 to $750,000 for purchase and refinance loans; and up to $500,000 for equity loans and lines of credit (up to 75% of the property value)
  • SBA 7(a): $25,000 to $5,000,000
  • SBA 504: $150,000 to $6,000,000
CollateralNone — it's unsecured.Secured by equipment or vehicle being financed.Secured by commercial property valued up to $3 million1 (Owner-occupied or investment).Secured.
 
Specialized Financing for Healthcare Practices is available across the United States. Use our financing solutions and expert resources to acquire, build, expand, and equip your practice with lending amounts up to $1 million per project. For more information call 1-800-326-0376, Monday through Friday, 6:00 am to 5:00 pm Pacific Time.
 
1 You will need to pay a non-refundable deposit of up to $1,000 when accepting the terms of any loan or line of credit. Your deposit will be credited at closing against the origination fee (if any) and environmental insurance fee (if any) payable by borrower in connection with the transaction. If your deposit exceeds the origination and environmental insurance fees amount due at closing, you will be reimbursed for any overage. If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or a deed of trust, or if the bank determines that environmental or flood insurance is required, any applicable fees are your responsibility. All financing is subject to credit approval.
Equal Housing Lender