HOUSTON, Oct. 15, 2020 /PRNewswire/ -- BBVA USA has unveiled its second product geared towards environmental sustainability, announcing a rate discount on secured term loans for fuel-efficient commercial vehicles.
"We're confidently moving forward on products that will both support our small business clients' financial health and help them contribute to securing an environmentally sustainable future," said BBVA USA Small- to Medium-Enterprises Network Executive Elizabeth Dobers. "These product launches are significant steps in the right direction for our small businesses and communities. I'm extremely proud of this tremendous start, and look forward to continuing to move down this path beyond 2020."
Commercial clients are eligible for the secured term loan rate discount when financing commercial vehicles through BBVA USA from a licensed auto dealer. Potential benefits also include competitive low fixed rates, and terms up to five years.
In addition, commercial clients who select auto debit payments with a BBVA Business Premium Checking account can receive an additional .25 percent rate discount. Healthcare providers can receive an additional .15 percent rate discount. Commercial clients must apply by December 31, 2020.
BBVA Group BBVA (NYSE: BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, and has leading franchises in South America and the Sunbelt Region of the United States. It is also the leading shareholder in Turkey's Garanti BBVA. BBVA's purpose is to bring the age of opportunities to customers by providing the best solutions and helping them make the best financial decisions through an easy and convenient experience. The institution's responsible banking model aspires to achieve a more inclusive and sustainable society. BBVA rests on three solid values: customer comes first, we think big and we are one team. Its responsible banking model aspires to achieve a more inclusive and sustainable society.
BBVA USA In the U.S., BBVA is a Sunbelt-based financial institution that operates 641 branches, including 330 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 44 in Florida, 37 in Colorado and 17 in New Mexico. The bank ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (6th). In the U.S., BBVA has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 14th nationally in terms of dollar volume of SBA loans originated in fiscal year 2019.