Truist Business Loans Review: Requirements and Alternatives

Truist Bank offers small businesses an unsecured loan of up to $50,000 with terms up to 60 months, a line of credit of up to $100,000 (up to $250,000 with collateral), and vehicle, equipment and real estate loans of up to $250,000 each (per its site, checked October 2026). It is a solid option for businesses with a track record, documented revenue and a banking relationship. For new businesses, owners with low credit or anyone who needs the money within days, compare alternatives such as Merchant Fund Express, our recommended funder.

We do not invent customer reviews or ratings. This is our assessment based on what the bank itself publishes, including its limits and fine print. Leer en español.

What Truist offers small businesses

Everything below comes from Truist's public small business pages (per its site, checked October 2026). Banks change products without notice, so confirm before you apply.

For vehicles and equipment, Truist says it can finance up to 100% of the purchase price plus 10% for eligible soft costs such as taxes, delivery and tags. If you need more than $250,000 or your business has more than $2,000,000 in annual sales, the bank routes you to its commercial banking team.

Requirements and fine print

Truist does not publish a minimum credit score or an exact minimum time in business on its loan pages. What its legal disclosures do say matters:

• Sales cap. The unsecured loan cannot exceed two months of gross sales (one month for nonprofits).
• Newer businesses. If your business is under 2 years old, the unsecured loan tops out at $25,000 and cannot exceed one month of gross sales. Truist also reviews financial statements before approval.
• No-financials approval, only for some. Approval without financial statements or liquidity verification depends on your credit history and its underwriting standards.
• Origination fee. The Simple Business Loan up to $50,000 has none, though other fees and closing costs may apply. Above $50,000 unsecured, the fee is the greater of 0.50% of the amount or $100, except in states where it does not apply.
• Restrictions. Limits based on time in business and business type may apply.
• Relationship discount. With a Dynamic Business Checking account at certain tiers, you may get a 0.25% or 0.50% rate discount.

Bottom line: this is a bank that rewards relationships and clean numbers. To see how banks size you up, read how to qualify for a business line of credit.

Language: what to know if you prefer Spanish

This matters to many of our readers, including bilingual owners who read English fine but want to talk money in Spanish. On its site, Truist explains that applications, contracts, disclosures and servicing communications are provided in English, and that customers need to speak, read and understand English or have an adequate translator. Translations on its site are a courtesy, and the English version controls if there is a difference. It also says it offers Spanish-language phone support.

In practice: you can ask questions in Spanish by phone, but you will sign documents in English. If English is not your strong suit, bring someone you trust to go through each clause before you sign, especially the rate, the fees, the collateral and the personal guarantee.

Pros and cons

Our take: Truist is a good option for a business with two or more years in operation, documented sales, good credit and patience for a bank's process. Its long terms help keep payments low. It is not the best fit for a new business, an owner with bruised credit or anyone who needs the money this week.

Who Truist is for, and who it is not

A good fit for:

• Businesses with two or more years, current tax returns and sales that show up in the bank.
• Owners who already bank with Truist and can use the rate discount.
• Anyone buying a truck, machinery or equipment who wants terms of up to 75 or 84 months to lower the payment.
• Businesses that can pledge collateral for a larger line of credit.

Think twice if:

• Your business is under two years old and you need more than $25,000 unsecured.
• Your monthly sales are low: the unsecured loan is capped at two months of gross sales, so your real amount may be below the advertised maximum.
• You need the money in days, not weeks.
• You are not comfortable signing documents in English and have no one to help you review them.
• Your credit has had recent problems: the bank does not publish a minimum score, but approval depends on your history.

A practical rule: if the money is for something that can wait a month and your paperwork is in order, try the bank first. If it is urgent or your numbers do not yet convince a bank, compare options based on your deposits. Our list of the best banks for small business loans shows how other banks stack up.

Alternatives to Truist

1. Merchant Fund Express (recommended funder). It reviews your sales and deposits, not just your credit, with amounts from $5,000 to $5,000,000 and credit from FICO 500. Decisions often come in 2 to 4 hours, collateral is not required in most cases, it accepts applicants with an ITIN (no SSN needed) and it offers Spanish-speaking support. It costs more than a bank loan, so use it when speed or flexibility is worth the difference.
2. Your credit union or community bank. Requirements are often similar to Truist's, but sometimes with more flexibility if you are already a member.
3. CDFIs. Community lenders that work with businesses banks turn down, many with Spanish-speaking staff. Slower, but usually cheaper.
4. SBA loans. If you are a U.S. citizen or national and can wait, these usually cost less. Since March 1, 2026 (SBA Procedural Notice 5000-876626), 100% of the owners of a 7(a) or 504 applicant must meet that citizenship rule.
5. Online lenders. Faster than a bank, with published requirements. See bank loan vs. online lender for the trade-offs.

How to apply and what to prepare

1. Pick the right product. A loan for a one-time expense, a line for cash-flow gaps, an equipment or vehicle loan to buy an asset.
2. Gather your numbers. Business tax returns, bank statements, and financial statements if your business is under 2 years old.
3. Estimate your sales cap. Remember the unsecured loan cannot exceed two months of gross sales.
4. Ask about collateral. If you need a bigger line, ask which assets they accept to reach $250,000.
5. Get the rate and fees in writing. Ask for the rate, closing costs and whether there is a personal guarantee.
6. Bring help with the English. If you are not fluent, have someone you trust review the contract with you.

If the bank says no or asks you to wait, you can apply with Merchant Fund Express: it is free and does not affect your credit. And to understand what changes when you pledge collateral, read are small business loans secured or unsecured?