Grow your business with us
Reach your business goals by applying for financing through our digital lending platform! Whether you are one of our valuable customers or are looking for a bank to partner up and take your business to the next level, Amalgamated Bank offers two financing options tailored for your type of business (this is not available for nonprofit organizations at this time). A personal guarantee is required for individual owners with 20% or more ownership of the business.
Business Term Loan
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Our business term loan allows you to access between $25,000 and $500,000 for your business. This loan has a term of 5 years with an origination fee.1 The loan amount approved is deposited into your Amalgamated Business checking account upon closing.2 |
Business Line of Credit
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Our business line of credit allows you to link a line of credit between $25,000 and $500,000 to your Amalgamated Business checking account so that you can access funds on-demand when your business needs it. Advances under your approved line of credit will be deposited into your Amalgamated Business checking account and the line has an origination fee.3 |
A transparent process:
Fill out your financing application
Provide documentation and select an offer
Sign loan closing documentation
Receive the funds in your Amalgamated Business checking account
What you need to apply:
- A US government issued personal identification for each of the business owners in the application
- Two years of business and personal tax returns for all owners in the application
- A primary banking relationship with Amalgamated Bank (our team will work with you to get your business checking account if you do not have one already)
- The business certificate or articles of formation
- The business operating agreement and financial statements
Questions?
- Check out our Small Business Lending FAQs
- Contact a member of our Small Business Lending team directly at business@amalgamatedbank.com
1 The origination fee is $750.00 for loan amounts under $100,000 and 1% of the loan amount for loans over $100,000.
2 The origination fee payment is either taken from the approved loan amount or paid on top of that amount at closing.
3 The origination fee is $750.00 for loan amounts under $100,000 and 1% of the amount for lines over $100,000. The origination fee payment is either taken from the approved amount or paid on top of that amount at closing.
© 2023 Amalgamated Bank. All rights reserved. Member FDIC. Equal Opportunity Lender.
Lending products are subject to credit application and approval.