U.S. Bank Business Loans Review

Written by  Brynne Conroy

Edited by  Dawn Daniels

+ 1 More

Updated Jan 23, 2026

Starting interest rate: Not specified for secured term loans Loan amounts: Up to $12,375,000 Our verdict: U.S. Bank offers a fairly wide range of products, but it’s not overly transparent about the details, like rates and sometimes even loan amounts. It may be the right lender for your business, but you’ll have to actually apply to find out. See Business Loan Offers

Pros and cons of U.S. Bank

U.S. Bank small business loans review

If you’re a small business who wants to borrow from a traditional lender, U.S. Bank is one of the biggest names out there. In fact, it’s the fifth largest bank in the country in terms of assets held. And as part of the SBA Preferred Lender program, it can offer SBA loans with quicker-than-usual funding timelines.

The majority of U.S. Bank’s small lending products require an in-person appointment with a banker. If you prefer in-person service, this could be a good thing, but there are fewer branches available in the Northeast and the Southeast than the rest of the country. If you live in a state with no branches available, like Vermont or Maine, that could take it out of the running. 

However, if you’re borrowing a smaller amount — up to $250,000 for term loans and lines of credit — you may be able to apply online with one of U.S. Bank’s Quick Loans. These products typically only require six months of business history and have a quicker application process.

Unfortunately, U.S. Bank isn’t overly transparent about things like rates and credit history requirements. That means you’ll have to contact a banker or apply to learn about what you can qualify for and how much it’ll cost.

U.S. Bank small business financing at a glance

Quick loans

U.S. Bank offers a number of different business term loans. First, there are the term loans you can apply for online, or “Quick Loans” as they’re dubbed at U.S. Bank. You can get either a secured or unsecured term loan in this manner. The unsecured term loans don’t require collateral, and you can borrow up to $50,000 with terms of up to 48 months.

You can also get a secured business loan, which does require collateral, but you’ll get lower rates and terms of up to 84 months. You’ll also gain the ability to borrow more — up to $250,000. If your term is 60 months or more and you have autopay setup, interest rates start at 7.49%, with the potential for a rate discount if you take out a larger loan.

You can also use a Quick Loan to purchase a business vehicle. If this is your intended use, the minimum you can borrow is $5,000 and the max is $250,000. 

U.S. Bank does disclose that there is a prepayment penalty on its Quick Loans. If you pay off your loan within one year, you’ll pay $50 to $100. If 1% of your original loan amount is between those two numbers, you can use that percentage to predict your prepayment penalty. There may be other fees associated with U.S. Bank small business loans, but this is the only one that’s disclosed on its website.

Conventional term loans

If you need to borrow more than $250,000 and have adequate collateral, you can apply for a conventional secured business loan by making an appointment with a U.S. Bank representative. There isn’t much information available on U.S. Bank’s larger term loans, which means you’ll need to talk with a representative to get any information about terms and rates.

Business lines of credit

U.S. Bank offers four different business lines of credit, each with a different maximum borrowing amount:

You’ll need to make an appointment with a banker to apply for any line of credit except the cash flow manager, which can be applied for online. Unfortunately, the bank doesn’t disclose much information about the terms or rates on its business line of credit products, which means you’ll need to talk to a representative to learn more.

Equipment financing

U.S. Bank offers equipment financing for large business machinery, like commercial vehicles, construction equipment or medical equipment. You can get equipment loans for up to 125% of the costs, which is a fancy way of saying that you get additional funds to cover expenses like installation, taxes and shipping.

If you apply online, you can borrow up to $2,000,000 with a $375 origination fee. If your term is between 24 and 60 months, there’s no required downpayment. Plus, you can pay quarterly, semi-annually or annually. If your loan falls outside these parameters, you’ll need to apply with a banker and may be presented with different terms.

Commercial real estate loans

U.S. Bank offers conventional commercial real estate loans that can be used to purchase new properties, or to refinance or remodel your existing properties. Business loan interest rates can be either fixed or variable. Loan terms can be either 60, 120 or 180 months, but amortization can stretch out over 25 years. This means that if your term ends before amortization, plan to either refinance at the end of your term or get stuck with a large balloon payment.

SBA 7(a) loans

SBA 7(a) loans are backed by the Small Business Administration, and U.S. Bank offers them in two packages. You can borrow up to $5,000,000 repaid over the course of up to 120 months if you’re using the SBA 7(a) loan for any of the following purposes:

If you use the loan to purchase new commercial real estate or improve property already in your portfolio, you may be eligible for U.S. Bankto throw another $2,000,000 on top, for a grand total of up to $7,000,000. Real estate 7(a) loans can extend up to 300 months. 

SBA 504/CDC loans

SBA 504 loans are a type of SBA loan specifically for larger real estate purchases. You can also use the funding for new construction, which in some cases includes equipment. The max SBA 504/CDC loan amount at U.S. Bank is $12,375,000, which means U.S. Bank offers larger amounts than a traditional 504 loan, essentially acting as a cross between an SBA loan and a traditional term loan. 

Terms on equipment max out at 10 years, while you can borrow over the course of 25 years for all other loan purposes.

Medical practice loans

U.S. Bank offers financing options for dentists, veterinarians, doctors and other healthcare specialties. You can secure financing for acquiring or buying into an existing practice, refinancing your current practice or expanding or relocating your current practice. Terms and other details vary depending on why you need to borrow. For all practice loans, you’ll need to fill out a basic form and a banker will contact you directly.

U.S. Bank borrower requirements

To qualify for most lending products with an online application, you’ll need to be a U.S. Bank customer for at least 12 months prior to application. There are some exceptions to this. If you are located in any of these states, the 12-month rule doesn’t apply: 

If your business is based in Texas, South Carolina or North Carolina, you might get a pass, too, depending on your zip code. 

Most products require six months in business, though you may find some leniency with SBA loans if you have prior management experience. If you are applying for an equipment financing loan of more than $2,000,000, you’ll need three years in business to qualify.

U.S. Bank is not overly transparent with its other business loan requirements, like annual revenue and credit requirements. Because it’s a larger, brick-and-mortar bank, it’s safe to assume that those requirements may be higher than they would be with online lenders.

Required documents

When you apply for a business loan with U.S. Bank, come prepared with:

Depending on your application, you may be asked for additional documentation once the process gets started.

Alternatives to U.S. Bank

U.S. Bank vs. Bank of America

Compared to U.S. Bank, Bank of America offers a wider suite of business financing options. Specifically, it has SBA Express loans and cash-secured lines of credit, which can help with quicker financing and building credit, respectively.

Bank of America’s SBA 504 loan maximum is markedly higher at $40,000,000 compared to U.S. Bank’s max loan size of $12,375,000. 

While Bank of America is upfront about its starting rates for a larger number of products, that doesn’t necessarily mean they’re lower. The best way to find out what you might be eligible for would be to inquire with both banks.

U.S. Bank vs. PNC Bank

PNC Bank also offers more business loan products than U.S. Bank, offering SBA Express loans where U.S. Bank does not. 

Loan sizes on unsecured term loans are larger at PNC Bank, though both financial institutions are generally tight lipped about their rates. Applying at both banks would be the best way to determine which is best for your circumstances.