How to Grow Your Business With Bank Funding

how to grow your business

Having capital available to grow your business is a sure way to expand. But this capital should not necessarily mean that you have it in your pocket. If you are experiencing a continued growth trend in your business and have a sound marketing strategy coupled with a marketing plan, capital for your expansion should be easily available from any bank. Below there is a list of the financing available in the Miami area. 

If you are in any other city, contact the local branch and ask for the funding conditions detailed below.

Bankunited Line of Credit

Choice of Credit Features:

  1. Credit line up to $50,000
  2. No collateral required
  3. Competitive variable interest rate
  4. Revolving terms with a 48-month maximum
  5. No payment penalty
  6. No drawdown period
  7. Easy application process with fast decisions

Choice Term Loan:

  1. Loan amount up to $50,000
  2. No Collateral Required
  3. Terms up to 48 months
  4. Competitive pricing
  5. No prepayment penalty
  6. Up to 100% financing available for new equipment purchase

Jason Eastep

Branch Sales Representative

(305) 899-5217 Direct

Bank of America Line of Credit:

  1. Owner Occupied Real Estate(conventional financing and SBA)
  2. Equipment Lending(conventional and SBA, depends on amount)
  3. Unsecured lending(build out, older pieces of equipment, older vehicles, debt consolidation, etc) up to 100k as a term loan
  4. Working Capital Line of Credit (This can be unsecured up to 250k, over that it is secured with receivables and inventory)
  5. Practice Solutions Financing for (Doctors, Dentists, Veterinarians)

Marc Ramer

Vice President

Small Business Banking

T: 954.290.5930

Bank of America Line of Credits Guidelines 

  1. The Company must have been in business over 2 years Annual sales of $500k or above.
  2. The Client must not have declared losses in the past two years
  3. If the client is looking for real estate a minimum of 10% down payment is required to go through SBA or 20% through conventional.
  4. We offer 100% financing with no down payment for doctors, dentists, and Veterinarian with no minimum requirement for years in business.

Sandy Leon

Small Business Banker

Wells Fargo Line of Credit

  1. $5,000 to $100,000 revolving credit line1
  2. Rates as low as Prime2 + 1.75%
  3. Earn rewards points on Mastercard® access card purchases
  4. No collateral required

Includes Wells Fargo BusinessLine® Line of Credit and Wells Fargo Small Business Advantage Line of Credit

Wells Fargo Secured Business Line of Credit

  1. $5,000 to $100,000 revolving credit line1
  2. Rates as low as Prime2 + 1.00%

Hugo David Ramirez

Personal Banker

T: 305-275-5013

Popular Community Bank Line of Credit

For many businesses, when you need cash isn’t always after you’ve been paid. Our Business Line of Credit helps you manage your cash flow so you can easily run your business during those in between times. You can use your line:

  1. For seasonal purchasing
  2. To finance inventory needs
  3. To make payroll before you get paid

Popular Business Line of Credit:

  1. Flexible line
  2. Several repayment options
  3. Competitive rates

Baldomero Perez

Vice President/Branch Manager

T: 786-953-1355

Eastern Bank Line of Credit

  1. Save with competitive rates.
  2. Use it for a variety of purposes, such as facility renovations, equipment purchases, additional working capital, seasonal cash flow or inventory financing.
  3. Borrow as much as you require up to your lending limit. As you repay your loan, those funds become available for future borrowing needs.

Joseph Holland

T: 617-897-1045

Mercantil Bank Line of Credit

With an Owner Occupied Commercial Real Estate Loan, you can own your business space and transform the cost of renting into a business investment.

  1. Waive 1% origination fee
  2. Terms of 10 or 15 years
  3. Amortization periods of 20 or 25 years
  4. Maximum loan amount $1,000,000
  5. Prepayment penalty applies

T: (800)424-5325

Fulton Abraham Sanchez, the founder of FAS CPA & Consultants of Miami, FL, is a Certified Public Accountant specialized in Tax Planning. You can email him to

Request a Confidential Consultation

FAS CPA & Consultants

9000 SW 137 AV Suite 224 Miami, FL 33186 T: 786-462-7899 E:

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Fulton Abraham Sanchez, CPA

Fulton Abraham Sánchez, CPA I am Certified Public Accountant, specialized in Tax Planning & Offshore Strategies for Real Estate, Hedge/Equity Funds, Fintech, Crypto, Expats, IRS Debt Resolution. You can email me and follow us on Facebook : FAS CPA & Consultants.

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