To include all business owners on the application with at least 20% ownership
A U.S. Bank Quick Loan and Cash Flow Manager online application makes it easy for you to access financing that will impact your business for the long haul. Upload documents, e-sign and disburse funds electronically. We’ll guide you through a few sections, and you can save your application any time then return to it later. If you’re a U.S. Bank customer enrolled in online banking, we’ll prefill some information for you.
Business loan
Simple and hassle-free business loan application process with expedited decisions and one-time payout of funds.
Business line of credit
Get ongoing access to cash and a streamlined application process to assess your eligibility quickly.
Online application is limited to businesses with no more than five owners. For secured applications, U.S. Bank will file a Uniform Commercial Code (UCC) lien and must be in first lien position using all business assets as collateral.
Key differences |
Loans |
Lines of credit |
---|---|---|
Payout of funds |
One-time payment |
Advance as needed |
Interest rates |
Typically lower than a line of credit |
Typically higher than a loan |
Interest paid on |
Full loan amount |
Only on advances |
Repayment |
Fixed monthly payment |
Minimum variable payments |
Fees |
Prepayment |
Annual fee |
Repayment timeline |
Fixed |
No maturity date (excludes unsecured SBA option) |
|
|
|
One-time payment
Advance as needed
Typically lower than a line of credit
Typically higher than a loan
Full loan amount
Only on advances
Fixed monthly payment
Minimum variable payments
Prepayment
Annual fee
Fixed
No maturity date (excludes unsecured SBA option)
Business Diversity Lending Program
U.S. Bank is committed to helping close historical lending gaps among diverse owned businesses, women and veterans. Our Business Diversity Lending Program includes U.S. Bank’s traditional business loans and lines of credit, but with credit guidelines that open the door to include a wider audience of business owners.