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DIVERSE BUSINESS LENDING

Addressing the funding gap head-on

Our Business Diversity Lending Program (BDLP) is a special purpose credit program that provides funding to businesses owned by veterans,1 women2and people of color.3Eligible businesses can choose from secured or unsecured loans and fixed or variable rate products with modified credit requirements.

To be considered, simply indicate your eligibility in your online application or connect with a banker.4

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Flexible business financing up to $2.5 million

Through our Diversity Lending Program, eligible business owners can choose from traditional lines of credit, term loans, and owner-occupied commercial real estate and investment loans5 with total financing needs of up to $2.5 million.

It’s simple to apply.

When you’re ready, you can apply for select loans and lines of credit online or by scheduling an appointment with a banker. During the application process, you will have the opportunity to disclose that you qualify for the BDLP.

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Explore BDLP eligible lending options.

Secured business term loan

Use your eligible business assets as collateral to secure a business term loan up to $250,000.

  • Terms up to 84 months

    Fixed interest rates

    No annual fees

Apply now
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Unsecured business term loan

Get an unsecured business loan up to $50,000, no collateral necessary.

  • Terms up to 48 months

    Fixed interest rates

    No annual fees

Apply now
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Secured line of credit

Leverage your eligible business assets as collateral to secure amounts up to $250,000.

  • Competitive rates with the option to lock in a fixed rate on existing balances

    $0 annual fee on lines over $50,000

    $150 annual fee on lines $50,000 and less

Apply now
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Unsecured line of credit

Borrow up to $100,000 with no collateral needed.

  • Competitive rates with the option to lock a fixed rate on existing balances

    $0 annual fee on lines over $50,000

    $150 annual fee on lines $50,000 and less

Apply now
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Commercial real estate loan

Purchase, remodel, refinance, or expand your commercial property with flexible terms and competitive rates.

  • Terms available up to 15 years

    Amortization up to 25 years

    Variable or fixed rates

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Practice financing

Get up to 100% financing to inspire the next chapter of your healthcare practice.

  • Competitive fixed and adjustable rates

    Terms available up to 15 years (or up to 25 years for commercial real estate)

    Various prepayment options available

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Flexible funding options over $250K

To apply for a loan or line of credit up to $2.5 million, make an appointment with a banker.

  • Secured by business assets

    Fixed interest rates

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Frequently asked questions

The following U.S. Bank business loans and lines of credit are available to qualified veteran-,1 woman- 2 or BIPOC-3 owned businesses:

  • Cash Flow Manager
  • Quick Loan
  • Secured and Unsecured Business Term Loans
  • Secured and Unsecured Business Lines of Credit
  • Practice finance
  • Owner-occupied and Investment property loans5

The following products are not eligible:

  • Business credit cards
  • Equipment finance
  • SBA products
  • Business reserve lines
  • Non-credit products

To be eligible for the Business Diversity Lending Program, your business4 must be at least 51% owned and operated by one of more individuals who are veterans,1 women2 or people of color,3 including any combination of the three. Financing is available under the program for applicants with business borrowing needs up to $2.5 million.

U.S. Bank traditional loans and lines of credit do not require formal certification as a veteran-1 or woman- 2 or BIPOC- 3 owned business enterprise. However, to be eligible for the Business Diversity Lending Program, your business must be at least 51% owned and operated by at least one individual identifying as a veteran,1 woman2 or person of color.3 You can indicate your eligibility for the program during the credit application process.4

Credit scores are one factor that’s considered when applying for a business loan. Credit scores for approved applications fall within a range that varies by individual and business. A U.S. Bank advisor can discuss your options with you.

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Let’s connect.

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Find the U.S. Bank branch nearest you.

Make an appointment

Schedule a virtual or in-person meeting with a business banker.

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Fill in details about your banking needs and a representative will call you.

Call us

Call 866-280-3751 to talk with a representative right away.

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Disclosures

  1. Veteran is defined as any person who (i) served in the Army, Navy, Marine Corps, Air Force, Coast Guard or National Guard, including any member of a reserve component of the foregoing services, and (ii) was discharged or released from service under conditions other than dishonorable.

  2. Woman is defined as a person who lives and identifies as female.

  3. Eligible racial categories include American Indian or Alaskan Native, Asian, Black or African American, Hispanic/Latino, Native Hawaiian or other Pacific Islander and combined ethnic or racial groups.

  4. Business Diversity Lending Program: To be eligible for the BDLP, your business must be at least 51% owned and operated by one or more individuals who are women, people of color and/or veterans. Demographic information regarding gender, race and veteran status is required only to determine eligibility for this program. U.S. Bank does not discriminate on this or any other prohibited basis.

  5. Developer and Investor applicants are eligible so long as the ownership requirement is met. Use of a management company does not exclude an applicant from the program.

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Financing under the Business Diversity Lending Program is subject to credit approval. Terms and conditions are subject to change.

Loan approval is subject to credit approval and program guidelines. Interest rate and program terms are subject to change without notice. Not all loan programs are available in all states for all loan amounts.

Line of credit interest rates and program terms are determined by U.S. Bank based on market conditions. Interest rates are subject to change without notice. A $150 annual fee applies to lines of $50,000 or less.

Quick Loans for vehicles cannot be completed online.

Subject to credit approval and program guidelines. SBA loans are subject to SBA eligibility guidelines. Certain restrictions apply to refinancing options and are subject to program terms. Refinances of existing SBA loans are excluded. Some restrictions and fees may apply.

Financing maximums and terms are determined by borrower qualifications and use of funds.

Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.

Deposit products are offered by U.S. Bank National Association. Member FDIC.