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Santander Bank and Trust Small Business Loan Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Santander Bank and Trust Small Business Loan ReviewThe Santander Bank and Trust is full service bank with an array of business-friendly services that also include small business loans. They offer everything from flexible deposit and lending products, to specialized cash management and industry specific capabilities. Merchant Services account. Santander is offering a range of services that support each other by providing discounts and free services if you are a customer in another area like a small business loan. So maybe your business checking account is free. Or you can get a line of credit at a reduced interest rate if you make your payments out of that account.

Understanding Your Loan Options

Santander’s commercial business line of credit is available to fund seasonal needs, cover emergency expenses, or consolidate higher-interest business credit card balances. Intro variable rate as low as Prime +0.00%; lines of credit from $10,000 to $750,000; pay down and re-borrow available funds as needed.

Santander has a full line of commercial loans that include business term loans, business owner-occupied commercial real estate mortgages, and business equipment financing. They also participate in SBA funding, which they are also very upfront about their fees – a clean 3% at the time of closing goes to the bank, but can be financed through the loan. They may even be a good source of business start up funding.

Duration and Speed of Application Process

Santander is remarkably upfront about the cost and fees associated with their services, a rarity in this business. The website describes all the loan options with their interest rates and fees and expenses detailed. There are a range of options and durations, but very little in the way of descriptions of the credit scores required. It is difficult to discern how long it takes to apply for the loan – there are too many to choose from to know. The smaller the line of credit, the less credit score is necessary to get the account. They have a great deal of latitude in determining custom made structured loan and account solutions.

Final Thoughts and Fine Print

It might be wise to do some research on your own creditworthiness and the value of your assets before you approach this bank. They seem very professional and tend to use direct person-to-person techniques to set up the loan rather than using the same frame for all of their accounts. Their SBA loans will not be quick – any effort to get one through them that is not labelled “express” will take up to 3 months to prepare, submit, review and receive.

Anne Miller

Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.


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