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The 8 Best Places to Find a Bank Loan for Your Business

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billion to small business owners in 2015, giving out the most money of any big bank to small businesses. In 2015, Bank of America came in second for most money lent to small business owners—lending $33 billion to small businesses. billion to small business owners in 2015. Bank of America. JPMorgan Chase.

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The Best Insider Guide to 5 Bank of America Small Business Loans

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In 2015, Bank of America extended $10.7 After that, you’ll pay your loan back on a monthly repayment schedule, automatically deducted from your Bank of America business checking account. So if you default on your loan, the SBA has to fulfill their guaranteed portion and recoup most of Bank of America’s losses.