Secured Term Loan

With a PNC Bank Secured Term Loan, you can use existing business assets, or assets you're about to purchase, to secure business capital at competitive rates and flexible terms for a variety of business projects.

What will I need to apply?

Let's talk about your business needs

Special Lending Offer available until September 30

Full Waiver of PNC Origination Fee

Plus, get 0.50% off our current rate

on Owner Occupied Commercial Real Estate and Secured Term Loans
Loan amounts from $100,000 up to $3,000,000*
Contact your business banker, stop in your local branch, or call 1-800-762-5684 (M–F: 8:00 a.m. to 6:00 p.m. ET)
(Offer is not available via our online application)
Please be sure to mention Promo Code 201

Special Lending Offer

Features and Benefits

  • Save money - use business assets to secure lower loan rates and longer terms than unsecured loans
  • Cover your borrowing needs - wide range of available loan amounts
  • Easier payments - monthly payments automatically deducted from your PNC business checking account
  • Fixed-term loan - avoid open-ended borrowing with payments and a payoff schedule you can manage

Loan at a Glance

Loan amount[1]

$10,000 to $3 million
Interest Rates Fixed Rate or Variable Rate based on WSJ Prime[2]
Loan terms

Up to seven years

Payments

Monthly principal and interest payments automatically deducted from your PNC business checking account

Collateral required Variety of machinery, equipment and other fixed business assets
How to Apply

What You Need to Apply

Applying is easy, but before you start there are a few things you will need to know or have available to successfully complete the application.

  • Have available any special loan promotion offer code, if applicable.
  • Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable.  
  • Information about your business, such as:
    -- Business Name and Address
    -- Type of business organization and year established
    -- Business Tax ID number, Annual Sales, Number of Employees
  • Information about each Business Owner, such as:
    -- Name, Home Address, Social Security Number, Title, Ownership Percentage, Personal Financial information, Historical Information
    -- Government issued photo ID (Driver's License, US Passport, or a state-issued ID) may be requested for verification purposes
  • You may want to have copies of your most recent business and personal tax returns and/or financial statements to assist with completion of the  application.

Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each customer that opens an account. What this means for you: when you open an account, we will ask you your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying information.

Assess Your Creditworthiness

Review our Business Lending Guidelines to help you better assess your creditworthiness when applying for new or additional revolving or fixed-term financing. These guidelines are not the only criteria for a final credit decision, but they will empower you to better understand your financial position in the context of PNC’s business lending practices.  Read Guidelines »

Important Legal Disclosures and Information

  1. All loans and lines of credit subject to credit approval and require automatic payment deduction from a business checking account. Origination and annual fees may apply.

  2. Prime Rate means the highest prime rate published in the "Money Rates" section of the Wall Street Journal for the last day of the preceding calendar month.

* Offers available on new business term loans only. Offers may be extended, modified or discontinued at any time without prior notice. Offer not to be combined with other offers. Applications must be received by September 30, 2019, and loans must be closed within 90 days of approval. Discount shown based on loan amount, term, and amortization schedule on a new PNC Business Equity Installment Loan, commercial mortgages and secured term loan from $100,000 to $3,000,000. Your actual rate will be based upon a review of your credit application. 100% waiver on standard PNC Origination fee. Other fees and charges may apply. Offer does not include a waiver on third-party costs. Refinances of existing PNC business loans are excluded. PROMO CODE 201

Bank deposit, treasury management, and lending products and services are provided by PNC Bank, National Association (N.A.), a wholly owned subsidiary of PNC and Member FDIC.

PNC Bank is a registered mark of The PNC Financial Services Group, Inc.

 

PNC’s Retail Bank currently operates in all or part of the following States: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, Washington DC, West Virginia and Wisconsin.  If your business is located outside of PNC’s servicing area, then please call us at 1-855-762-2365 for further assistance.

 

† Important information: Calls to or from us may be monitored or recorded by us for quality control and training purposes. By providing your phone number and/or email address, you consent and agree to receive phone calls and electronic mail from PNC, its affiliates and designees.