Grow Your New Business and More With These Solutions
|Wells Fargo Small Business Advantage® Line of Credit||Small Business Administration Loans|
|This Solution Offers||An unsecured revolving line of credit, backed by the Small Business Administration, to use for invoices, payroll or any other short-term business need with no cash advance fees. Line of credit terms of 5 years.||Secured funds, backed by the Small Business Administration, to use for business start-up, working capital, business acquisition and real estate. Loan terms up to 25 years.|
Suitable loans include SBA 7(a) Term Loan, SBA 504 Term Loan and SBA Patriot Express, as well as the SBAExpress Line of Credit and term loan.
Take advantage of Wells Fargo's preferred lender status with the SBA.
|Ideal For||Newer businesses that are 2 to 4 years old.||New and emerging businesses.|
|Credit Amount||$5,000 to $100,000||$50,000 to $5,200,000|
|Rate||Variable rate tied to Prime Rate.||Both fixed and variable rates are available, depending upon which solution works for you.|
|Collateral||None — it's unsecured.||Wells Fargo will take a secured interest in the business assets.|