Our business term loans help you finance one-time purchases or longer-term needs. When cash flow permits, save money on interest by making additional payments.
Features
A fixed interest rate keeps your business safe from swings in the Prime Rate
Fixed monthly payments allow you to budget your annual expenses
Terms ranging from 12 to 60 months
No prepayment penalties
Lower your rate by 1.5% when you have qualifying relationship with Sovereign
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Receive .5% off when payments are automatically debited from a Sovereign checking account and another 1% off for a new or existing Business Checking Plus account.
Equal Housing Lender - Member FDIC
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