Bank of America introduces 1-888-BUSINESS.PHOENIX--(BUSINESS WIRE)--April 15, 1997-- New phone application service for small business loans Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. announces a brand-new service for small business. Beginning today, business owners throughout Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W). have the option of applying for their small business loans right over the phone. This move is part of BofA's continuing efforts to make banking as easy and convenient as possible for small business customers. When small business owners apply by phone, no paper application is necessary, and supporting documents, such as tax returns and financial statements, in most cases are not required. All interested applicants have to do is call BofA's new toll-free Business Banking line at 1-888-BUSINESS (1-888-287-4637). They can apply for up to three credit products with one phone call, including Advantage Business Credit(R) (ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. ) loans and credit lines up to $50,000, as well as Bank of America VISA(R) Business Cards. A small business loan-by-phone representative will take care of the rest. The process can take as little as 20 minutes. "We recognize that small business people don't have surplus time to spend away from their operation in search of needed capital. Our new telephone application process fills an important convenience gap for this group," explained Dan Stewart Dan Stewart is a Democrat who represents the 25th Ohio House District, which includes German Village, the Short North, Franklinton, and Hilltop areas of Columbus, Ohio. He was born and raised on Columbus's west side. , senior vice president and Business Banking manager. "It's just one more example of BofA's ongoing commitment to providing the flexible products, superior service and convenience that allow our customers to bank when, where and how they want." Banker On Call(TM) business sales agents are available to take applications and answer questions seven days a week, 6:00 a.m. to 9:00 p.m. (Arizona time). During the bank's upcoming Business Banking campaign scheduled to run April 21 through May 30, 1997, applicants can save 50 percent on setup See BIOS setup and install program. fees for newly originated ABC loans or lines of credit. In addition, qualified applicants approved for an ABC loan or credit line of $10,000 or more can also be approved for a BofA VISA(R) Business Card at the same time. Bank of America is the sixth largest small business lender in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with over $5.5 billion in loan commitments as of Dec. 31, 1996. BankAmerica Corp. (NYSE NYSE See: New York Stock Exchange :BAC BAC abbr. blood alcohol concentration ) operates nearly 2,000 full-service branches and 7,000 VERSATELLER(R) ATMs in 11 states throughout the nation. At year end, BankAmerica reported assets of $250.7 billion and deposits of $168 billion. CONTACT: Bank of America, Phoenix Dawn Donohoe, 602/594-2915 |
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