Contact your local branch to find out if this option is available to you.

  • Best for current Chase business customers looking to keep their finances in one place.
  • Pick something else if you need fast funding and want to compare options.

    $5,000

    Min. Amount

    $500,000

    Max. Amount

    Details

    Product Name Chase Business Term Loans
    Min. Amount $5,000
    Max. Amount $500,000
    Loan Term 1 to 7 years
    APR Varies by business
    Requirements Hold a Chase business checking account, have a realistic business plan and visit a Chase location in person.

    Does Chase Bank offer business loans?

    Yes, Chase Bank offers several business financing options, including small business loans. These loans start at $5,000 with terms from one to seven years. Costs, maximum loan amounts and other specifics vary depending on your branch.

    How much will this loan cost me?

    When we contacted Chase on March 9, 2020, a representative told us that rates and fees vary by branch. But bank loans tend to be one of the least-expensive financing options, with interest rates that run from around 3% to 10% APR.

    You might also have to pay a closing or origination fee when you take out the loan. These typically run from 1% to 5% on other business loan products.

    Use our calculator to get an idea of how much you’d pay each month and in total based on different rates and terms.

    Business loan calculator

    See how much you’ll pay

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

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

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    Compare business loans now

    How it works

    Generally, the lowest rates go to borrowers with near-perfect personal credit, high revenue, few debts and several years in business. If your business isn’t strong on any on these fronts, you might get a higher rate.

    While Chase doesn’t have any hard requirements, you likely won’t even qualify if you have fair or bad credit, or your business is still in the startup phase.

    What do I need to qualify?

    You need to live near a Chase branch in an eligible state to qualify for a Chase business loan. But like rates and fees, the requirements can also vary depending on the branch.

    What states are Chase business loans available in?

    Chase business loans are available in the following states:

    • Arizona
    • California
    • Colorado
    • Connecticut
    • Florida
    • Georgia
    • Idaho
    • Illinois
    • Indiana
    • Kentucky
    • Lousiana
    • Michigan
    • New Jersey
    • Nevada
    • New York
    • Ohio
    • Oklahoma
    • Oregon
    • Texas
    • Utah
    • Washington
    • Wisconsin
    • West Virginia

    What information do I need to apply?

    It depends on your business and its location. Typically, you need to submit business and personal tax returns, profit and loss statements, financial projections and a business plan to get a business loan from a bank.

    What industries does Chase work with?

    Chase doesn’t list any restricted industries. But high-risk industries like insurance companies and casinos might have a harder time getting financing.

    What other types of business financing does Chase offer?

    In addition to its business term loans, Chase also offers:

    • Business lines of credit. A line of credit from Chase comes with credit limits starting at $10,000 and a five-year revolving term.
    • Small Business Administration (SBA) financing. Chase offers government-backed financing to borrowers looking for SBA 7(a) or 504 loans. These can be used for a variety of purposes and often come with lower interest rates than equivalent term loans.
    • Commercial real estate financing. You can buy, build or refinance real estate with a loan from Chase. These are good for up to 80% of the loan-to-value ratio and have terms of seven or 10 years.
    • Business credit cards. Chase has a variety of business credit cards that you can use for regular ongoing expenses that don’t require large lines of credit.
    • Equipment financing. Equipment financing from Chase may be able to cover up to 100% of the cost of new equipment and up to 10% of the soft costs, including training, transportation and sales tax.
    • Trade financing. If your company is ready to expand into global markets, you can use Chase trade financing to cover importation costs, collect money from overseas or give third parties the ability to use funds from your account.

    More about the Chase business line of credit

    Chase’s business line of credit comes with limits that run from $10,000 to $500,000 and a five-year revolving term. This means you can draw from and repay your line as you need over five years. After that time is up, you repay your outstanding balance with a five-year term loan.

    It comes with an annual fee, which Chase waives if your average line utilization is 40% or higher. So, if you have a $10,000 line and an average balance of $4,000 or more, you don’t have to pay that fee. It comes with a minimum monthly payment of all interest that’s accrued plus either 1% of the outstanding balance or $100, whichever is greater.

    Pros

    • Keep your finances in one place
    • Multiple options available

    Cons

    • Not transparent about costs
    • No online application
    • Only available in 23 states

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