Business loans at generous amounts and fixed repayment terms that can support your business’s bottom line.
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What is a Chase business term loan?
Chase business term loans offer small business owners loans of $5,000 and up with terms ranging from one to seven years. Interest rates vary depending on credit history and the type of business you have.
Product details
| Product name | Chase business term loan |
| Interest rate | Varies by business |
| Maximum loan term | 84 months (7 years) |
| Minimum loan amounts | $5,000 |
| Availability | All 50 states |
| Repayment type | Fixed |
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What are the benefits of a Chase business term loan?
- High maximums. Chase will decide how much you can borrow based on your ability to pay back the loan.
- Low interest rates. If you have good credit, you may less than you’ll find at other banks.
- Reputable institution. Chase is one of the largest financial institutions in the country.
- Highly accessible. Access Chase’s services at more than 5,000 branches in the US.
- Quick funding. Once approved, Chase sends your funds directly to a Chase business banking account.
What to watch out for
Chase offers a variety of ways to fund your small business, but getting a loan is not as easy as an online application.
- In-person application. You must visit a Chase branch to apply for a business loan.
- Open only to Chase accountholders. You must hold or open a business banking account prior to qualifying.
- Down payment required. Be sure you have the money to cover a down payment before applying.
- Fees and interest rates. Interest rates and applicable fees aren’t available online, so you won’t know the total cost of the loan until you meet with a banker in person.
Am I eligible for a Chase business term loan?
How much you ultimately receive for your business term loan depends on your business and creditworthiness and the down payment you can afford.
To be approved, you must:
- Hold a Chase business checking account.
- Create and submit a realistic business plan.
- Talk with a loan officer in person.
I got a Chase business term loan. Now what?
You got your Chase business term loan and are now ready to open or improve the business of your dreams. A few things to keep in mind:
- Fund your Chase account to avoid late fees. Repayments are automatically deducted monthly.
- Pay more than the minimum. To avoid excessive interest charges over the life of your business loan, consider paying more than the amount required each month.
Bottom line
Chase business term loans can get you funding for your business at low interest if you have good credit.
Before you apply, compare your business loan options to see if you qualify for better rates or lower fees.