Small Business Loan Comparison Chart

Loan Type	Amounts Available	Fixed or Variable Rate	Standard Term	What You Should Know
Commercial Real Estate Loan	Up to $500,000¹	Fixed	5-year term, up to 20-year amortization	Secured by real estate If the asset increases in value, you may be able to depreciate it on your balance sheet²
Vehicle or Equipment	$5,000 to $500,000¹	Fixed	5 to 7 years	Secured by vehicle or equipment, which is considered a depreciable asset Depreciation may be deducted as a normal business operating expense for tax purposes²
Secured	$5,000 to $500,000¹	Fixed	5 years	Secured by stock or cash Often used for the purpose of purchasing fixed assets for the business (anything other than real estate or a vehicle) Generally has a shorter term than an equipment loan
Unsecured	$5,000 to $100,000¹	Variable	On demand	Not secured by collateral Often used for a one-time business expense Term of loan is determined by the use of the funds
SBA Loans	Learn more about SBA loans			Secured by Federal Government Primarily used for start-up needs

Next Steps

1. Subject to credit approval.

2. These are general tax guidelines. Please consult your tax advisor to discuss your specific situation.