Financing under the Small Business Ladder Up Special Purpose Credit Program (SPCP) in select California geographies is subject to credit approval. All loans, lines of credit and other credit products are subject to credit approval. Additional terms and conditions apply. Not all applicants will qualify.
1Please refer to City National’s Account Agreement and Disclosures and applicable Fee Schedule for details.
2Monthly Maintenance Fee is waived for the first two years on a Business Checking Account for an account owner who has received final approval of a qualifying Small Business Ladder Up Program loan. Limit one Business Checking Account with waived Monthly Maintenance Fee per approved business entity. Standard monthly maintenance fees per City National's Account Agreement and Disclosures and applicable Fee Schedule shall apply after the first two years.
3The eligible for-profit small business must be more than 50% owned by minorities, women, or persons who identify as LGBTQI+. LGBTQI+ means persons who identify as lesbian, gay, bisexual, transgender, queer/questioning, intersex, asexual, etc. Minority racial categories include (i) Black or African American, (ii) American Indian or Alaska Native, (iii) Hispanic/Latino, (iv) Asian, or (v) Native Hawaiian or other Pacific Islander as defined by the Equal Credit Opportunity Act (ECOA).
4Small business refers to a U.S. registered for-profit business entity with $5 million or less in gross annual revenue in the prior fiscal year, or to the individual in the case of sole proprietorships applying for credit.
5Eligible borrower / business must complete an application and opt in by completing a demographic information form at application to qualify. City National Bank does not discriminate on any prohibited basis.