US Bank Small Business Banking

Find out more about US Bank small business loans with key information, loan options and frequently asked questions.

Updated on July 1st, 2019

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US Bank is a major American bank that provides small business loans to qualified businesses that need financing for expansion or equipment purchases. US Bank also has a variety of small business bank accounts.

Banking Options:

Account Name

Monthly Fee

Silver Checking

$0.00

Gold Checking

$20.00

Platinum Checking

$25.00

Premium Checking

Personalized pricing.

Basic Savings

$0.00

Loan Options:

Loan Type

Amount

Quick Loan

Up to $250,000.00

Term Loan

Up to $1,000,000.00

Equipment Financing

Up to $500,000.00

SBA Express Loan

Up to $250,000.00

Us Bank Small Business Banking
Review:

Pros: Competitive interest rates. Flexible loan repayment terms. Variety of checking options.

Cons: Loans are only available to current US Bank customers.

Bottomline: US Bank has a variety of small business banking products that are convenient for small business owners and entrepreneurs.

Key Information:

Founded

1863

Headquarters

Minneapolis, MN

Number of Employees

10,001

CEO

Andrew Cecere

Address

800 Nicollet Mall, Minneapolis, MN 55402

Phone Number

+1 612-659-2000

Website

www.usbank.com

News & Activity:

Date

News or Activity

May 7, 2019

U.S. Bank laces up its red sneakers to evolve with customers

May 1, 2019

U.S. Banks’ Bad-Debt Pile Creeps Higher With Credit-Card Losses

April 22, 2019

U.S. Bank will expand to Charlotte, opening 10 branches as test for more growth

Reviews:

Source

Review

crazysponer - reddit.com

I opened my accounts at US Bank about 20 years ago, in my teens. I switched there from TCF because of no fees and because their online banking didn't suck. I really like the idea of credit unions, but every time I think about switching, I just can't be bothered. There aren't any with offices nearby, whereas US Bank is within walking distance. There are plenty of ATMs I can use and US Bank online banking and bill pay is still better than Klein and Bremer and TCF and others I have used in business, so I doubt a tiny local bank is going to do it even better.

FAQs:

Is US bank good for small business?

Yes, but it depends on your business needs. Its selection of loan types is comparatively greater than other banks and comes with no monthly fee, a rare bonus.

Read our review of US Bank Small Business Banking.

What you need to open a bank account with US Bank?

  • You have to be 18 or older.
  • You have to be a legal U.S. resident.
  • Social Security Number.
  • A driver's license or state/military ID.

See US Bank Small Business Banking key information.

What is the interest rate of US Bank business loans?

Interest rates vary based on the type of loan, the size of the loan and the nature of your business. You should contact a US Bank representative to learn more about your loan options.

See loan options from US Bank.

What is a US Bank Quick Loan?

A Quick Loan is a US Bank small business loan that can be used to give you fast access to working capital. Companies tend to use these loans when they are building or purchasing new equipment.

Us Bank Loan Requirements

Can you provide a list of requirements when applying for a US Bank business loan?

  • High credit score.
  • A US Bank account.
  • At least two years in operation.
  • Documented annual revenue.

What are the available terms of payment for US Bank commercial loans?

You loan officer will determine the term of your loan based on its size and your ability to make payments. All US Bank business loans require the borrower to make fixed monthly payments.