Key differences
- On our data, Wells Fargo and Bank of America list similar pricing, speed and requirements. Ask both for an offer and compare the actual terms you're quoted.
Side by side
| Wells Fargo | Bank of America | |
|---|---|---|
| Product | Small-business lines & term loans | Small-business credit lines & loans |
| Funding type | Traditional bank loans & lines | Traditional bank loans & lines |
| Estimated rate as of today | Rates shown to approved members | Rates shown to approved members |
| Pricing source | Estimated as of today | Estimated as of today |
| Time to cash | About 4 weeks | About 4 weeks |
| Typical size | Varies | Varies |
| Term | 12–84 months | 12–84 months |
| Requirements | Existing revenue · Personal guarantee · Usually 2+ years in business and profitable | Existing revenue · Personal guarantee · Usually 2+ years in business and profitable |
| Regions | US | US |
| What they underwrite | Your profits, history & collateral | Your profits, history & collateral |
| Collateral | Business assets + personal guarantee | Business assets + personal guarantee |
| How you repay | Fixed monthly or revolving | Fixed monthly or revolving |
| Dilution | None | None |
Wells Fargo
Secured and unsecured business credit lines and term loans for established businesses. Rates not published; Prime-based.
Bank of America
Secured and unsecured lines and term loans; relationship and deposit history help. Rates not published; Prime-based.
Wells Fargo vs Bank of America FAQ
What is the difference between Wells Fargo and Bank of America?
Which is cheaper for you?
The answer depends on your amount, term and revenue. The calculator prices both on the same basis — fees, warrants and dilution included.
Related comparisons
Rates are estimates as of today, not a lender's quoted interest rate. Not an offer of credit, investment, legal or tax advice. B2B Agent may receive a referral fee when we introduce you to a provider; it never changes rankings or what we publish. Lenders: send your current terms so we can refresh the estimate, which also makes you eligible for the Transparent Pricing and Lowest Rate awards. Update your listing.