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Sovereign Bank
Banking: Checking, Cash Management, Business Online ServicesCredit: Lines of Credit and Loans, American Express Business Cards, Vehicle Lease and Finance, Equipment Leasing and Finance, Specialty LendingInsurance: Small Business Insurance, Life Insurance, Term Life Insurance, Long Term Care Insurance, Disability Insurance, Benefits ConsultingInvestments: Investment Accounts, Wealth Management, Employee Pension PlanInternational Trade: Import Trade Services, Export Trade Services, Trade Finance, Foreign Exchange, Online Services, ResourcesPlanning: Starting a Business, Expanding Your Business, Health Savings Account Employer Program, Health Savings Account Broker Program
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Term Loans

Business Term Loans
A term loan will allow you to expand your operations, finance new equipment, or make leasehold improvements.
Application Inquiry Application Inquiry Form
Our 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
  • 1% discount when payments are automatically taken out of a Sovereign business checking or savings account
  • Reduced paperwork and no financial statements are required for loans of $100,000 or less*
* Sovereign shall obtain credit bureau information. In certain cases, financial statements and/or collateral may be required.
Access Your Accounts
Next Steps
Send an email and we will contact you within 24 hours
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