Finder may earn compensation from partners, but editorial opinions are our own. Advertiser Disclosure

PNC Bank business loans review

Funding with a low maximum APR for large projects.’s rating: 2.76 / 5.0


  • Best for businesses that need funding over $20,000.
  • Pick something else if you have an emergency expense.


Min. Amount$20,000
Max. Amount$100,000
Loan TermUp to 5 years
APR8.18% to 15.57%
RequirementsBusiness is 3+ years old, meet revenue standards, no bankruptcy claims, no outstanding financial obligations

How much will this loan cost me?

PNC Bank unsecured business loans come with rates from 8.18% to 15.57% APR — including an origination fee. You can borrow between $20,000 and $100,000 without collateral and repay it over terms of two to five years.

Use the calculator below to see how much a loan might cost your business at different rates, terms and loan amounts.

Business loan calculator

See how much you'll pay

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

Based on your loan terms…

You can expect to pay back
per month

This breaks down to…

charged, with a total cost of $Compare business loans now

How it works

Factors like your business’s revenue, time in business and your personal finances can affect the business loan you get. If you just meet PNC’s time in business requirement, for example, you’ll likely get a rate on the higher end. And you’ll need to show that your business has the cash flow to handle repayments on the loan amount and term you’re applying for.

What do I need to qualify?

PNC Bank doesn’t have any hard requirements, but it prefers working with businesses that meet the following criteria.

  • At least three years in business
  • Personal debt-to-income ratio of 40% or lower
  • Personal credit history of at least five years
  • No recent payments over 30 days past due on personal credit report
  • No business bankruptcies, judgements, tax liens or lawsuits
  • No personal records of bankruptcy, collection accounts, foreclosures or tax liens

Having a large amount of unpaid business debt can also affect your ability to qualify for a loan.

What information do I need to apply?

Have the following information ready before you apply for an unsecured business loan with PNC Bank.

  • Business legal name and contact information
  • Business legal type and establishment date
  • How long it’s been under current ownership
  • NAICS industry code
  • Business tax ID or Social Security number
  • Annual sales or gross revenue
  • Number of employees

You’ll also need to provide personal information and IDs for all owners with a stake in the company of 25% or more.

What industries does PNC Bank work with?

PNC Bank doesn’t specifically exclude any industries from its loan amount. But if your business is in an industry that doesn’t have steady revenue throughout the year, you’ll need to meet a higher standard for revenue requirements than other industries. These requirements vary depending on the business.

What other types of financing does PNC Bank offer?

In addition to unsecured term loans, you can also find the following products at PNC Bank:

Secured term loan

One-time financing secured by your business’s assets for large expenses

$100,001 to $3 million

Up to 7 years

Unsecured line of credit

A business that has equity in its residential or owner-occupied commercial real estate that needs financing to expand the business or explore new opportunities

$20,000 to $100,000


Secured line of credit

Access to cash as your business needs it, secured by your business’s assets.

$100,001 to $3 million


SBA loans

Government-backed financing through the SBA 7(a), Express, Export Express, Veterans Advantage and 504 programs

Up to $5 million, depending on the program

Up to 25 years, depending on the program

Commercial real estate loan

A business that wants to buy or refinance owner-occupied commercial property

$100,001 to $3 million

Up to 10 years, with up to a 20-year amortization

Business vehicle loan

Up to 100% financing for new and 90% financing for used vehicles for business use

$10,000 to $250,000

Up to 6 years

Pros and cons

PNC Bank might offer a great deal to some businesses, but it’s not right for all expenses.


  • Rates no higher than 15.57% APR
  • Secured and unsecured financing
  • Wide range of financing available besides unsecured term loans


  • Requires at least three years in business
  • Limited information available online
  • No online application if you’re new to PNC

See other top business loan options

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 3.75 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $250,000
Starting from 8.99%
6+ months in business; $150,000+ monthly 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.

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

OnDeck short-term loans
$5,000 – $250,000
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.

Fora Financial business loans
Finder Rating: 4.1 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.

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

Lendio business loans
$500 – $5,000,000
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.

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

ROK Financial business loans
$10,000 – $5,000,000
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.

Compare up to 4 providers

Is PNC Bank legit?

Yes, PNC Bank is a regional bank that’s a member of the FDIC and an Equal Housing Lender. This means that it meets federal regulations for bank lenders, which are more strict than your typical online lender.

It also takes steps to protect your information, like destroying any sensitive personal data as soon as it’s no longer needed. And you have the option to sign up for security alerts and multifactor authentication to protect your online accounts.

Watch out for this PNC Bank scam

PNC Bank reported to the Better Business Bureau (BBB) that customers were receiving emails from scammers asking for their username and billing information. If you receive an email from PNC Bank or its parent company, PNC Financial Services, reach out to customer service first. Banks generally don’t ask customers to provide sensitive information over email.

PNC Bank reviews and complaints

BBB accredited No
BBB rating A+
BBB customer reviews 1.17 out of 5 stars, based on 142 customer reviews
BBB customer complaints 1,611 customer complaints
Trustpilot Score 2.7 out of 5 stars, based on 13 customer reviews
Customer reviews verified as of 12 October 2020

PNC Bank earns mostly negative reviews — though most aren’t about its business loans. Some borrowers say this lender’s interest rates are among the more competitive on the market. But other reviewers speak poorly of the bank’s disorganized customer service and the hassle of multiple fees on its loan products.

How do I apply?

If you aren’t an existing customer with PNC Bank, you can apply online by logging into your account and filling out an application. Otherwise you’ll need to visit a branch or apply over the phone at 800-762-5684. Phone applications are available from Monday through Friday, 8 a.m. to 6 p.m. ET.

What happens after I apply?

After you complete the application, PNC Bank will review your information and reach out to you with an offer. Review your loan agreement before you sign, looking out for any fees or penalties.

How do repayments work?

PNC Bank’s unsecured business loans come with fixed, monthly repayments. You can find out when they’re due and how much you’ll pay in your loan agreement.

If your business has a PNC Bank account, it’ll automatically deduct repayments from that account. Otherwise, reach out to find out if you can sign up for automatic repayments to avoid late fees. Reach out to customer service if you have any questions or concerns.

You can explore your other business loan options by reading our guide to business loans.

Frequently asked questions about PNC Bank

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

This regional bank offers unsecured business loans from $20,000 to $100,000, and you can borrow as much as $3 million if you have collateral. Its rates start 8.18% APR — relatively high compared to other banks. But they don’t go any higher than 15.57% APR, meaning you may be able to find a good deal if you just meet the requirements.

And with no online application for new customers, it may not be ideal for covering a quick, one-time expense. You’ll need to apply over the phone or in person at a branch unless you already have an account.

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