As you are looking for information about Small Business Administration Financing (SBA Loans) offering by Bank of America, so here I am providing following information:

Small Business Administration Financing (SBA Loans)
SBA 504
Use it for
Purchase equipment or real estate (no refinancing)
Construction and renovation

Benefits
Longer maturity than conventional loan
Lower down payments on fixed assets
Easier qualification than a conventional loan

Amount
$350,000 minimum, no maximum

Terms
Up to 2 years interim construction period
7-10 years on equipment
10-20 years on real estate

SBA 7(a)
Use it for
Purchase or expand a business
Purchase equipment or inventory
Working capital
Refinance debt

Benefits
Longer maturity than conventional loan
Lower down payments on fixed assets
Easier qualification than a conventional loan

Amount
$350,000-$3.5 million

Terms
Up to 7 years for working capital
Up to 10 years for equipment or business acquisition
Up to 25 years for real estate

SBA Express
Use it for
Working capital
Purchase equipment
Purchase vehicles or inventory

Benefits
Longer maturity than some conventional loans
Easier qualification than a conventional loan

Amount
$10,000-$350,000

Term
7-year term with first-year revolving option and balance amortized across the remainder of the term

Helpline
866.543.2808