Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

First Republic Bank business loans review

Secured business term loans and lines of credit that may suit midsize businesses best.

  • Best for well-established businesses on the east or west coast.
  • Pick something else if you’re looking for a loan larger than $500,000.


Min. Amount$25,000
Max. Amount$500,000
Loan TermUp to 60 months
Min. Credit Score700
APRStarting at 2.25%
Requirements3+ years profitable, 700+ personal credit score, valid checking account with First Republic Bank, meet additional credit standards

How much will this loan cost me?

First Republic Bank offers low variable rates starting at 2.25% — or the prime rate minus 1% — for businesses with an established banking relationship. There’s no maximum rate listed, and it doesn’t list a specific APR range for its fixed-rate term loans, either.

However, there may be an origination fee of 0.5% to 1% — although this has been waived until June 30, 2020. Loan terms last up to five years, and other discounts may be available based on your banking history.

See how much you'll pay

Calculate monthly and overall costs

Your loan
Loan amount
Loan terms (in years)
Interest rate

Fill out the form and click on “Calculate” to see your
estimated monthly payment.


Compare business loans now

You can expect to pay back


per month

Based on your loan terms
Total Cost$

How it works

First Republic Bank will base your APR off your business’s financial history and the total amount you borrow. An established banking history with First Republic may mean lower fees because rates on term loans depend on your relationship, and you’ll need strong personal credit to qualify for a loan.

What do I need to qualify?

To qualify for a small business loan rom First Republic, you and your business will need to meet these requirements:

  • Profitable for at least two years
  • First Republic checking account
  • 700+ personal credit score
  • No negative entries on credit report, including bankruptcies
  • Located near a First Republic branch

Where does First Republic Bank have branches?

You can find First Republic Bank branches in seven states:

  • California
  • Connecticut
  • Florida
  • Massachusetts
  • New York
  • Oregon
  • Wyoming

What information do I need to apply?

Typically, First Republic asks to see the following documents when your business applies for a loan:

  • Tax returns
  • Financial statements
  • Bank and broker statements

To fill out its online contact form, you’ll need to enter your business’s annual revenue and select your industry.

What industries does First Republic Bank work with?

First Republic Bank doesn’t state the industries it will and will not work with. However, it may not be willing to finance businesses in high-risk industries, like those involved in the sale of cannabis or adult entertainment. For more information, reach out to a First Republic Bank representative.

Nonprofit financing

In addition to traditional business loans, First Republic offers financing specifically designed for nonprofits. Through this program, you work with a banker who specializes in nonprofit lending and can help you navigate loans to find low-cost financing that’s exempt from taxes. It also offers banking services to nonprofits, including assistance with 403(b) retirement plans and day-to-day cost management.

What other types of financing does First Republic Bank offer?

First Republic offers a wide range of business financing for its customers, including:

  • Revolving lines of credit
  • Commercial real estate loans
  • Construction and renovation loans
  • Standby letters of credit
  • Mixed-use building loans
  • Multifamily property loans

The exact terms and loan amounts vary based on your business and financing needs, so contact a First Republic representative to discuss your options.


  • Competitive variable and fixed rates
  • Low origination fee of 0.5% to 1%
  • Works with nonprofits


  • No online application
  • Strict minimum age requirement
  • Limited state availability

See other top business loan options

1 – 5 of 5

Name Product Filter Values Min. Amount Max. Amount APR Requirements

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
Starting at 6.50%
6+ months in business; $100,000+ annual revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
Not stated
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.

Compare up to 4 providers

Is First Republic Bank legit?

Yes. First Republic is an established, FDIC-insured bank. Like all legit lenders, it has a privacy policy that covers what personal information it collects and how that information is used. It also has multiple pages covering how it keeps your bank account and personal information protected.

First Republic Bank reviews and complaints

BBB accredited No
BBB rating A+
BBB customer reviews 1 out of 5 stars, based on 2 customer reviews
BBB customer complaints 8 customer complaints
Trustpilot Score 3.2 out of 5 stars, based on 2 customer reviews
Customer reviews verified as of 12 October 2020

First Republic Bank doesn’t receive many reviews — and there aren’t any comments on its business loan practices. So while it receives decent ratings from both the Better Business Bureau (BBB) and Trustpilot, you should check sources like Yelp to see what others think of your local branch.

How do I apply?

Because completing the application requires visiting a branch in person, you must be close enough to a branch to maintain a regular banking relationship. You can reach out to First Republic by calling 888-408-0288, visiting a branch or filling out its simple online contact form.

  1. Visit First Republic Bank’s website and navigate to the business banking page.
  2. Select Small business loans, then click Get started.
  3. Enter your full name, email address and phone number. Click Continue.
  4. Enter information about your business and desired loan amount. Click Connect now.

A First Republic Bank adviser will call you to discuss your loan options and business. If your business is eligible, your advisor will send an application and list of required documents.

What happens after I apply?

Applying for a loan can take six weeks or longer, depending on how much time it takes to get your documents together. Once you submit your application, First Republic Bank will process your information and come to a decision for your loan within a few businesses days. You may be required to submit additional documentation, and you may have to call or visit the branch to complete the application process.

How do repayments work with First Republic Bank?

Repayments are due monthly, and many First Republic Bank customers sign up for automatic repayments. The exact repayment date and process, along with potential fees, depends on your loan. Keep your adviser’s number on hand to ask any questions about your loan. And if you notice something wrong, don’t hesitate to reach out.

While First Republic Bank is a good option for seasoned businesses, its lack of locations means that most business owners in the US won’t be eligible. Read our guide to business loans to compare more lenders.

Frequently asked questions

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

First Republic Bank is a good choice for businesses that want a personalized experience from start to finish — largely because there is no online application. Its term loans start higher than most and top out at around $500,000. This makes them useful for midsize working capital expenses.

While the process might take longer than applying for a loan online, seasoned business owners with a large project on the horizon might benefit from the personalized detail that First Republic Bank offers its borrowers. You’ll have a point of contact to walk you through the application process and answer any questions you have along the way.

But you may find its services limited. There is no SBA loan option, and your business will need to prove at least three years of profitability to qualify. Its lack of an online application also means it will take longer to fund your business, potentially six weeks or more.

To find a faster option, compare other business loans.

Ask an expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site