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© 1997–2021 First Republic Bank.
Banking products and services are offered by First Republic Bank, Member FDIC and Equal Housing Lender
This is not a loan approval or commitment to lend. Loans are subject to First Republic Bank’s underwriting standards and verification of documents provided. This loan is on demand. You will be required to repay the loan in full if a demand is made at any time or for any reason. Applicant must meet a First Republic banker to open account. Applicants should discuss loan terms, conditions and account details with their Relationship Manager.
Annual Percentage Rate. To qualify for the 6-month introductory rate of 1.95%, borrower must be a new First Republic Bank business account client. After 6 months, the interest rate will automatically revert to the variable or fixed rate identified in borrower’s loan agreement. Variable interest rates may range between 2.25% and 5.25%, subject to the Prime Rate and other conditions described in footnote 3. See footnote 5 for fixed rate information. Offer for the introductory rate is valid for applications received through today, and is subject to change without notice. Ask your banker for details.
Variable interest rate is current as of today's date, subject to change daily and based on the Prime Rate, as published in The Wall Street Journal
(3.25%). To qualify for the advertised rate, the Business and/or Guarantor(s) must maintain a combined checking deposit amount at First Republic Bank (the “Bank”) of at least 150% of the
loan amount. Rates vary based on applicant’s deposit relationship with the Bank and may be increased to the Bank’s standard rate if the agreed upon deposit amount is not maintained for the life of the loan. Applicants must open a First Republic checking account with automatic loan payment. Minimum opening balances will vary
and a monthly fee may apply if the required minimum average balance is not maintained. If at any time during the life of the loan the borrower does not maintain autodebit of loan payment, the interest rate may be increased by 3.00%. Fees and other terms and conditions apply. Offer is subject to change without notice. Ask your banker for details.
Fee waiver effective until December 31, 2021, and is subject to change without notice. Terms and conditions apply.
Fixed interest rates available for term loan only and may be higher than advertised variable rates.
Applies to Business Analyzed Checking. Minimum opening deposit $5,000. A monthly service fee (currently $30) will apply. Earnings credit may offset most fees based on balance maintained. Non-interest-bearing checking account. Earnings credit rate (ECR) will determine your earnings credit (EC) for the month. The ECR is determined by the monthly average collected balance (“balance”) range maintained in your Business Analyzed Checking account. Ask your banker for details including how ECs are calculated and applied to bank service fees. The ECR program is subject to change without notice.