Ready to grow beyond U.S. borders? This short guide shows you clear steps to compare financing options and prepare a stronger application so you can move fast.

You may need outside funding to enter new markets, finance export-driven working capital, or invest in foreign facilities. Learn which business loan types match your timeline and cash needs.

We explain how major banks, including bank america, support global expansion with specialized products and affiliate capabilities. Note that credit cards, credit lines and loans are subject to credit approval and creditworthiness; some restrictions may apply.

In this minute read, you’ll get checklists for financials, tips to estimate how much you may need, and a roadmap from application to funding. Business owners and small business leaders will leave with practical next steps and resources to act.

Key Takeaways

  • Compare term loans, lines of credit, and secured vs. unsecured options.
  • Estimate funding needs for equipment, inventory, and staged rollouts.
  • Prepare lender-ready financials and use-of-funds documentation.
  • Understand underwriting timelines and conditional approval steps.
  • Consult legal, tax, and accounting advisors for cross-border disclosures.

Why use Bank of America for international expansion financing

A single integrated banking network can streamline treasury, credit, and capital markets work across borders. That integration matters when you may need quick multi-currency liquidity or coordinated hedging while entering new markets.

Banking affiliates perform globally to deliver lending, derivatives, and other banking activities. These affiliates help execute and settle transactions in certain financial instruments, reducing operational friction.

How banking affiliates perform globally to support cross-border needs

You benefit from affiliates that operate under local registrations. This helps with documentation, collateral perfection, and regulatory reviews in each jurisdiction.

BofA Securities and investment banking affiliates: where they fit in your capital stack

BofA Securities and other investment banking affiliates handle securities trading, strategic advisory, and capital markets work. BofA Securities, Inc. is a registered broker-dealer and Member SIPC, which makes it suitable when you need offerings or advisory services beyond traditional loans.

“Lending and banking products come from banking affiliates, while trading and investment banking come from investment banking affiliates.”

  • Clear role separation helps you pick the right product.
  • Wholly owned subsidiaries of bofa corp provide both credit solutions and access to capital markets.
  • Remember: investment products are not FDIC insured and may lose value.

Understanding your financing options for global growth

Start by sorting options that bridge working capital gaps from those that fund fixed assets and facilities abroad.

Working capital: lines of credit vs. business credit cards

Business credit cards are useful for everyday purchases and building business credit. They often carry higher interest rates and lower limits, and may require a personal guarantee or a secured deposit.

Lines of credit give flexible draws up to a limit, usually with variable interest. They suit short-term needs up to a year and can be secured or unsecured; most lenders ask for personal and business guarantees.

Term loans, commercial real estate, and asset-based options

Term loans deliver lump-sum funds with fixed or variable interest and set pay back schedules. Bank America offers terms up to seven years; many borrowers choose loans secured to get lower interest.

Commercial real estate covers conventional and SBA-backed structures. Conventional loans often need 20% down; SBA options can amortize up to 25 years and support larger purchases.

Asset-based lending is for larger needs (often $5M+), using receivables, inventory, equipment, or real estate as collateral to maximize available credit.

“Match the product to timing: use revolving credit for seasonal gaps and term finance for capex.”

  • Compare cost, guarantees, and liquidity impact.
  • Weigh unsecured loans for speed versus secured loans for lower interest.
  • Coordinate with bank america teams to right-size capital across lines, loans, and real estate needs.

Eligibility, creditworthiness, and what lenders look for

Lenders evaluate a mix of financial signals and owner commitment before approving cross-border credit. You will need clear records and a realistic plan to show capacity to pay back the loan.

Credit cards, credit lines and loans are subject to credit approval and creditworthiness; some restrictions may apply. Business credit cards often require a personal guarantee, and lines of credit commonly ask for both business and personal guarantees.

  • You strengthen applications by documenting credit history, time in business, revenue trends, profitability, leverage, and liquidity.
  • Prepare to offer personal guarantees when credit is limited or your financials are early stage.
  • Consider collateral to expand available credit and lower pricing compared with unsecured loans—use receivables, inventory, equipment, or real estate.
  • Build a 12–24 month cash flow forecast to show how cash generation covers fixed charges and protects repayment under stress.
  • Organize P&L, balance sheet, cash flow statements and supporting schedules so underwriters can validate capacity and collateral fast.

Many business owners choose loans secured to get lower interest rates; some term loans still require a personal guarantee. Applications to bank america and other lenders remain subject to credit approval and creditworthiness, so plan for timelines and possible conditions.

How to apply for international business loans step by step

Follow a clear, step-by-step process to move an international financing request from plan to funded.

Prepare financials, cash flow forecasts, and use-of-funds

Start with a short executive summary and a use-of-funds table tied to milestones. Add a 24-month cash flow model and sensitivity scenarios.

Assemble tax returns, YTD statements, AR/AP aging, inventory schedules, and a fixed-asset list. Reconcile totals to avoid underwriting delays.

Choose secured vs. unsecured loans and evaluate pay-back

Compare interest, covenants, collateral, and guarantees. Decide on amortizing, interest-only, or seasonal payment plans that match your sales cycle.

Weigh unsecured loans for speed against secured options for lower cost.

Submit application, underwriting, and conditional approval

Complete the form, authorize credit checks, and supply ownership and organizational documents. Respond quickly to underwriter requests to keep momentum.

Closing, compliance checks, and funding timelines

Plan for legal docs, UCC filings, appraisals, and jurisdictional compliance. Coordinate fund timing with vendor deposits and lease starts.

  • Consider a business loan plus a business credit card for operations.
  • Keep contingency capital ready—credit approval and creditworthiness apply to all extensions of credit.

Small Business Administration options for expansion

For many small ventures, Small Business Administration programs blend longer terms with partial government guarantees.

small business administration

SBA 7(a): general-purpose financing up to $5 million

SBA 7(a) supports broad uses: working capital, equipment, tenant improvements, acquisitions, and refinancing. These sba loans cap at $5 million and often allow lower down payments and longer terms than conventional loans.

SBA 504: commercial real estate and large equipment

SBA 504 targets commercial real estate and major equipment. A certified development company (CDC) partners on the deal to reduce equity needs and stabilize payments over long amortizations.

SBA Express and microloans: speed and smaller amounts

SBA Express loans top out near $500,000 for quicker approval and are useful for short-term working capital or equipment. Microloans fill very small gaps and help early-stage small business needs.

  • Partial guarantees can mean lower interest rates and easier qualifying.
  • Coordinate with Bank America Corporation or your SBA lender to compare programs and blend a business loan with other pieces.

Interest rates, terms, and fees you should expect

Understand how rate structures and loan terms will shape your monthly budget and long‑term cost. Term loans often come with either fixed or variable interest rates and predictable monthly payments. For example, bank america offers term loans up to seven years for many uses.

Fixed vs. variable rates and how they affect cash flow

Fixed rates give payment certainty. You can forecast cash flow and stress test scenarios without rate surprises.

Variable rates may start lower but rise with market moves. Model rate hikes to see the worst-case effect on your monthly obligations.

Loan terms, amortization, and potential balloon payments

Match term length to the asset life. Longer amortization lowers monthly cost but can raise total interest paid.

Conventional commercial real estate loans often need ~20% down and can include balloon payments at maturity. SBA‑guaranteed commercial real estate loans typically offer full amortization up to 25 years and up to 90% financing to avoid balloon risk.

  • Compare origination, appraisal, legal, and prepayment fees when calculating all‑in cost.
  • Test covenants and coverage ratios under conservative scenarios to stay compliant.
  • Consider paying points only if you plan a long hold period to justify lower rates.
  • Coordinate with bank america teams to align terms with seasonal export cash flow and hedging needs.

“Model rates, fees, and amortization together — that’s the best way to know what you can afford.”

Risk management and required disclosures

Protect your cross‑border plan by knowing approvals, entity roles, and disclosures ahead of time. Read each agreement and plan contingencies so timing does not derail expansion.

Credit approval, restrictions, and third‑party considerations

You should expect credit cards, lines, and loans to be subject to credit approval and creditworthiness. Some restrictions may apply, so keep backup funding ready.

Evaluate any third party carefully. Bank America does not control third party performance and you must assess unaffiliated sites and vendors on your own.

Member FDIC vs. Member SIPC: banking vs. investment products

Banking products are provided by Bank of America, N.A., Member FDIC. Investment products are not FDIC insured, not bank guaranteed, and may lose value.

Trading and strategic advisory are delivered by investment banking affiliates such as BofA Securities, Inc., a registered broker-dealer and Member SIPC, when you use securities or financial instruments.

No legal, tax, or accounting advice: consult your advisors

Bank of America, Merrill, and affiliates bank america do not provide legal, tax, or accounting advice. You should consult your own advisors before finalizing structure or tax positions.

“Content on the Center for Business Empowerment is provided ‘as is’ and may link to unaffiliated sites; Bank of America does not guarantee third‑party content.”

  • You acknowledge approvals and plan contingencies.
  • You distinguish banking products from investment products to allocate risk.
  • You verify third party vendors and note that Bank of America, N.A., and affiliated banks are wholly owned subsidiaries of BofA Corp.

Alternatives and complements to traditional lending

Look beyond bank credit to find flexible funding that matches your local market and mission. You can combine public, community, and private sources to fill gaps during expansion.

CDFIs, MBDA Business Centers, and local funding

Community Development Financial Institutions (CDFIs) direct capital to historically underrepresented entrepreneurs. They often offer flexible terms that complement bank credit and bridge early-stage needs.

The Minority Business Development Agency runs MBDA Business Centers. Contact a center to pursue loans, contracts, grants, and venture introductions designed for minority-owned firms.

Grants, crowdfunding, and borrowing from friends or family

Grants usually do not require repayment; start with federal listings at Grants.gov and track deadlines with a calendar tied to your use-of-funds.

Crowdfunding validates demand while raising capital. Review platform rules—some use all-or-nothing funding—and craft rewards that sell.

If you borrow from friends or family, use written terms and a clear plan. Treat it like formal financing to protect relationships.

  • Layer alternatives with credit cards and business loans to diversify funding timing.
  • Research local and state programs, credit unions, and regional grant options.
  • Keep due diligence high with any unaffiliated sites or third party platforms—read fees, privacy, and contract terms before you commit.

business-loans-bank-of-america: resources and next steps

Use the Center for Business Empowerment to gather clear how-to articles, checklists, and simple tools that help you prepare lender-ready materials. The content is practical and designed to speed your next steps.

Center for Business Empowerment: tools performed and provided “as is”

The Center provides templates and guides provided “as is.” Bank America does not warrant the accuracy or completeness of these materials. Availability may vary and not all resources will appear in Spanish.

“Content is provided ‘as is’ and may link to unaffiliated sites.”

Navigating unaffiliated sites and third‑party content

When links take you to unaffiliated sites, review their terms, privacy, and security policies before acting. Bank America has not prepared or vetted third party content and does not assume responsibility for it.

  • Confirm which affiliate you’ll engage: banking affiliates handle lending and banking activities, while investment groups such as BofA Securities, a registered broker-dealer and Member SIPC, handle securities and financial instruments.
  • Remember affiliates are wholly owned subsidiaries of BofA Corp, which clarifies which entity provides real estate or treasury services performed globally.
  • Next steps: finalize use-of-funds, gather documents, select product mix, and schedule a meeting with specialists. Keep records of all third party communications for compliance.

Conclusion

, Now you have the checklist and steps needed to secure capital for each phase of your international growth.

You can match working capital, term finance, and commercial real estate solutions to your launch timeline. Align facility and real estate choices with amortization and occupancy plans to avoid cash surprises.

Engage banking affiliates that are performed globally for treasury and lending, and call on investment banking or investment banking affiliates such as bofa securities when capital markets or M&A advice makes sense.

Remember: banking products come from Bank of America, N.A., Member FDIC; trading and investment banking services are not FDIC insured and may lose value. Use business empowerment tools, gather documents, and contact bank america corporation teams to start your application.

FAQ

How can you expand your business with international loans from Bank of America?

You can tap into a range of financing options tailored for cross-border growth, including working capital lines, term loans, commercial real estate financing, and asset-based lending. Bank of America and its global banking affiliates coordinate trade services, foreign exchange, and treasury solutions so your cash flow and payments run smoothly across jurisdictions.

Why should you use Bank of America for international expansion financing?

You gain access to global networks, on-the-ground banking affiliates, and an integrated platform for payments, FX, and risk management. That combination helps lower friction when entering new markets and lets you structure financing that matches local needs and international compliance.

How do banking affiliates perform globally to support your cross-border needs?

Affiliates provide local market expertise, regulatory support, and relationships with correspondent banks. They assist with localized underwriting, documentation, and compliance checks so your transactions meet both U.S. and foreign requirements.

Where do BofA Securities and investment banking affiliates fit in your capital stack?

Investment banking affiliates advise on larger capital raises, debt placement, and mergers or acquisitions that support strategic expansion. They work alongside commercial lenders to structure layered financing solutions, including syndicated facilities and capital markets access.

What are the differences between lines of credit and business credit cards for working capital?

Lines of credit give flexible access to larger amounts and often lower rates, ideal for recurring cash needs. Business credit cards offer speed and convenience for day-to-day expenses, rewards, and vendor payment tracking but usually carry higher interest if balances persist.

When should you choose a term loan for expansion or equipment purchases?

Use a term loan when you need a lump sum for a defined project—like opening a foreign facility or buying machinery—with a predictable amortization schedule. Term loans help you match repayment to expected revenue from the investment.

How does commercial real estate financing work for overseas or export-driven facilities?

Financing can cover purchases or construction of production sites, warehouses, or distribution centers. Lenders evaluate lease revenue, local market value, and your international contract pipeline. You may use local affiliates or partner banks for on-the-ground underwriting.

What is asset-based lending and when is it appropriate?

Asset-based lending uses collateral—receivables, inventory, or equipment—to secure larger facilities. It suits companies with substantial working assets but limited cash flow history, enabling higher borrowing capacity tied to collateral value.

What do lenders look for regarding business credit history and collateral?

Lenders assess business credit scores, payment history, cash flow projections, and owner credit. They often require collateral or personal guarantees for new or riskier ventures. Strong financial statements and predictable revenue improve approval odds.

How should you prepare financials and cash flow forecasts when applying?

Provide recent balance sheets, profit-and-loss statements, and detailed cash flow forecasts showing how proceeds will support growth. Include use-of-funds, customer contracts, and sensitivity scenarios to demonstrate repayment capacity under different outcomes.

How do you choose between secured and unsecured loans and evaluate pay-back structure?

Secured loans offer lower rates and larger amounts in exchange for collateral. Unsecured options move faster but cost more and carry stricter credit requirements. Compare interest, fees, term length, amortization, and any balloon payment to match your cash cycle.

What happens after you submit an application—underwriting and conditional approval?

Underwriting verifies financials, legal documents, and collateral. Lenders may request clarifications or additional covenants. After conditional approval, you’ll receive terms and conditions that outline closing requirements and compliance steps.

What should you expect at closing, during compliance checks, and for funding timelines?

Closing includes final documentation, any required guarantees, and lien filings. Compliance teams complete KYC, sanctions screening, and regulatory checks. Funding timelines vary but typically range from days for simpler products to weeks for complex international facilities.

What SBA options can support your international expansion?

SBA 7(a) provides general-purpose financing up to million for working capital and international project support when allowed. SBA 504 helps with commercial real estate and large equipment through long-term, fixed-rate loans. SBA Express and microloans offer faster access to smaller amounts.

How do fixed versus variable interest rates affect your cash flow?

Fixed rates give payment certainty and protect you from market swings, easing budgeting. Variable rates may start lower but can rise, increasing payments and cash-flow pressure. Match rate type to your risk tolerance and revenue stability.

What loan terms, amortization schedules, or balloon payments should you watch for?

Look at loan length, monthly principal-and-interest obligations, and whether a balloon payment is due at maturity. Longer amortization reduces monthly payments but may cost more in interest. Balloon structures raise short-term affordability but require refinancing or a lump-sum payoff later.

What are credit approval restrictions and third-party considerations to plan for?

Restrictions may include covenant limits, geographic or industry exclusions, and minimum performance metrics. Third parties—such as appraisers, legal counsel, and local banks—can add time and fees. Factor these into your timeline and budget.

How do Member FDIC and Member SIPC designations affect your choices between banking and investment products?

FDIC membership protects deposit accounts at banks up to insured limits. SIPC protects customers of registered broker-dealers against losses from broker failure, not market losses. Understand which safeguards apply to the product you choose.

Why should you consult advisors for legal, tax, or accounting guidance?

Financing structures and cross-border operations trigger complex tax, regulatory, and contract issues. Your legal and tax advisors help you manage entity structure, withholding, transfer pricing, and reporting obligations to avoid surprises.

What alternatives complement traditional lending for international growth?

Consider CDFIs, MBDA Business Centers, local development funds, grants, crowdfunding, and strategic partnerships. These sources can supplement bank financing, reduce reliance on debt, or provide non-dilutive capital for expansion.

What resources does the Center for Business Empowerment provide and how should you use them?

The Center offers tools, guides, and educational resources to help you plan expansion, improve credit readiness, and access programs. Materials are provided “as is” for informational use—review them with advisors and verify applicability to your situation.

How do you navigate unaffiliated sites and third-party content when researching lenders?

Treat third-party content as background research. Confirm details on official bank or government sites, check credentialed sources, and be wary of offers that require upfront fees or sensitive data before verification.