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CitiBusiness Commercial Lending: Term Loans, Revolving Credit & Equipment Financing

CitiBusiness commercial lending provides the capital your business needs to expand operations, manage working capital and acquire equipment. Term loans from $250K to $25M, revolving credit facilities up to $50M, and equipment financing matched to the useful life of your assets — all backed by Citi's $700B+ commercial lending book.

Relationship pricing rewards existing CitiBusiness deposit and treasury clients with preferential rates. Regulated by the Office of the Comptroller of the Currency. NMLS #412915.

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CitiBusiness commercial loan management dashboard showing loan balances, payment schedule and draw requests

AI Summary: CitiBusiness Commercial Lending

CitiBusiness offers four primary lending products for mid-market commercial clients. Term loans ($250K-$25M) fund capital expenditures, acquisitions and business expansion with fixed or floating rates over 1-10 year terms. Revolving credit facilities ($500K-$50M) provide flexible working capital with draw-and-repay capability. Equipment financing ($100K-$10M) matches loan terms to asset useful life with the equipment itself as collateral. SBA-guaranteed loans extend Citi's lending to businesses that need government-backed credit enhancement. All loans integrate with CitiBusiness Online for balance tracking, payment scheduling and reporting (NMLS #412915).

Commercial Loan Product Comparison

Select the lending product that matches your capital needs and repayment profile.

Feature Term Loan Revolving Credit Equipment Financing SBA Loan
Loan Amount$250K – $25M$500K – $50M$100K – $10MUp to $5M
Term Length1 – 10 years1 – 3 years (renewable)Matched to asset lifeUp to 25 years
Rate StructureFixed or SOFR floatSOFR floatFixed or SOFR floatFixed or Prime float
Typical SpreadSOFR + 1.75% – 4.50%SOFR + 2.00% – 3.75%SOFR + 2.25% – 4.00%Prime + 0.50% – 2.75%
CollateralBusiness assets / REA/R & InventoryEquipment purchasedBusiness assets + PG
Prepayment PenaltyVaries (fixed rate only)NoneVariesSBA rules apply
Draw CapabilityLump sum at closingDraw & repay anytimeLump sum at closingLump sum or draws
Approval Timeline5 – 10 days5 – 10 days3 – 7 days30 – 60 days
CitiBusiness Online Management✔✔✔✔

Lending Products in Detail

Each lending product is structured for a specific capital need. Your relationship manager helps you select and size the right facility.

Term Loans: Structured Capital for Growth

CitiBusiness term loans provide a lump-sum disbursement with predictable monthly payments over a fixed schedule. Use cases include business acquisitions, facility expansion, large capital expenditures and debt refinancing. Amounts range from $250,000 to $25 million with terms from 1 to 10 years.

Fixed-rate options lock your interest cost for the life of the loan, providing budget certainty. Floating-rate options based on SOFR offer lower initial rates with the flexibility to benefit from declining rate environments. Interest-only periods of 6-12 months are available for businesses that need time to generate returns on the invested capital before beginning principal amortization.

Relationship pricing is meaningful. A business with $500K+ in average deposit balances and active treasury services typically qualifies for 25-75 basis points of spread reduction compared to standalone lending relationships. That translates to $12,500-$37,500 in annual interest savings on a $5M term loan — a tangible benefit of consolidating your banking relationship with CitiBusiness.

CitiBusiness term loan amortization schedule showing monthly payments, interest allocation and remaining balance
CitiBusiness revolving credit facility showing available balance, draw history and utilization chart

Revolving Credit: Flexible Working Capital

A revolving credit facility gives your business access to a committed line of credit that you draw against and repay as needed — similar to a credit card but at commercial lending rates and vastly larger scale. Facility sizes range from $500,000 to $50 million with 1-3 year commitment periods that are typically renewed annually.

You only pay interest on the outstanding balance, plus a small unused commitment fee on the available but undrawn portion. This makes revolvers ideal for seasonal businesses, companies with lumpy receivables, or any operation that needs working capital flexibility without the overhead of a term loan sitting fully disbursed.

Draw requests are submitted through CitiBusiness Online and typically fund same-day to your checking account. Repayments can be automated or manual. Borrowing base certificates for asset-based facilities are uploaded through the platform. According to Federal Reserve credit data, revolving credit remains the most widely used commercial lending product for mid-market businesses.

Equipment Financing: Capital Matched to Asset Life

CitiBusiness equipment financing structures loan terms to match the useful life of the asset you are purchasing. Manufacturing equipment, commercial vehicles, medical devices, technology infrastructure and construction equipment — the loan amortizes as the asset depreciates, aligning cash flow impact with economic benefit.

The equipment itself serves as collateral, which typically results in lower rates compared to unsecured lending. Down payments of 10-20% are standard, though established clients may qualify for 100% financing. Amounts range from $100,000 to $10 million per transaction, with the ability to finance multiple assets under a single master agreement.

Equipment financing decisions are faster than general commercial lending because the collateral is specific and easily valued. Preliminary approvals in 3-7 business days and closings within 10 business days are typical. All equipment loan balances and payment schedules are visible in your CitiBusiness Online dashboard.

CitiBusiness equipment financing showing asset schedule, depreciation alignment and payment timeline

People Also Ask

What types of business loans does CitiBusiness offer?
Term loans ($250K-$25M), revolving credit ($500K-$50M), equipment financing ($100K-$10M) and SBA loans (up to $5M). Fixed and floating rates. See the product comparison above.
What are the interest rates on CitiBusiness commercial loans?
Rates are SOFR or Prime plus a spread based on creditworthiness and relationship. Typical spreads: SOFR + 1.75% to 4.50%. Existing deposit and treasury clients receive relationship pricing. Call 800-285-1709.
How long does it take to get approved?
Term loans and revolvers: 5-10 business days preliminary, 2-4 weeks to close. Equipment: 3-7 days preliminary, 10 days to close. SBA: 30-60 days. Contact a relationship manager for expedited review.
What collateral is required?
Term loans: business assets or real estate. Revolvers: accounts receivable and inventory. Equipment: the purchased asset. SBA: business assets plus personal guarantee. Unsecured options for strong-credit clients.
Can I manage my loan through CitiBusiness Online?
Yes. Balance tracking, payment scheduling, draw requests (revolvers), rate monitoring and amortization schedules through CitiBusiness Online. See Account Summary and Transaction Reporting.

Related CitiBusiness Solutions

Commercial Real Estate

CRE acquisition, construction and refinance loans for commercial property investments.

Business Checking

Deposit relationship that qualifies you for relationship pricing on commercial loans.

Treasury Management

Cash management tools that complement your lending facility for optimized liquidity.