Bank of America

Bank of America provides industry-leading advice, connections, tools and solutions to businesses of all sizes, along with dedicated support to address their unique needs to bank how, where and when they want. We are focused on delivering resources and information to help our business clients navigate what’s happening now and prepare for what’s next.

Contact Information
All Financial Centers in DC Metro Area
(240) 278-8199 https://www.bankofamerica.com/smallbusiness/
General Information

Maryam Tayeri | SVP, Small Business Banker Manager | (240) 278-8199 | maryam.tayeri@bofa.com

Advisory Services Offered

Products & Services

Products & Interest Rates

  • Secured term loans
  • Unsecured term loans
  • Secured lines of credit
  • Unsecured lines of credit
  • Business credit cards

Loans Offered

  • Small business microloans:
    • Under $5k
    • $5,001 – $50k
  • Small business loans:
    • $50,001 – $150k
    • $150,001 – $250k
    • greater than $250,001

SBA & Other Products

  • 7(a) loans
  • 504 loans
Eligibility & Requirements

General Requirements

  • Personal Credit Score:
    Varies by loan product
  • Business Credit Score:
    Varies by loan product
  • Personal Guarantee:
    Yes
  • Collateral:
    Varies by loan product
  • Number of Months Financial Statements:
    Varies by loan product
  • Years in Operation:
    Generally, 2 years
  • Annual Revenue:
    Varies by loan product

Ineligible Loan Uses

  • Unsatisfactory credit history, insufficient financial documentation.  
  • Adult entertainment, crypto/digital currency, cannabis

Note: These are generally required
Items, industries, and/or purposes that are not eligible for financing