Business Loans

Commercial Product Business Needs Features and Benefits
Lines of Credit
  • Ready access to funds—credit is pre-approved
  • Structure to match the conversions of assets to cash for repayment
  • Source of liquidity that uses business assets as collateral
  • Pre-approved borrowing limits from $25,000
  • Approved and reviewed annually
  • Reasonable financial reporting required
  • Interest only feature with principal payments as inventory and receivables are converted to cash
Asset Based Line of Credit
  • Ready funding for account receivables’ growth
  • Finance seasonal inventory purchases
  • Business acquisitions, turnarounds and balance sheet restructuring 

 

  • Credit availability from $50,000 to $10 million
  • Approved and reviewed annually
  • Flexible borrowing base reporting
  • Interest only feature with principal payments as inventory and receivables are converted to cash
  • Structured for more leveraged balance sheets
Commercial Term Loan
  • Specific amount for a specific term
  • Financing for intermediate or long-term assets; amortization to match the economic life of the asset
  • Acquisition or merger financing
  • Flexible term amortization up to 7 years
  • Financing up to 80% of cost on equipment
  • Financing available for used equipment
  • Equipment eligibility includes vehicles and heavy machinery
Commercial Real Estate Loan 
  • Financing to build, buy or refinance
  • Specialty financing in acquisition, development, construction lending
  • Repayment terms up to 10 years
  • Amortization schedule up to 25 years
  • Fixed or variable rate loans
  • Automatic payment options

 

Not for Profit Financing
  • Financing for projects
  • Repayment terms of 1 to 3 years
  • Amortization schedule up to 25 years
  • Fixed or variable rate loans

(Please ask for application requirements)

Typical Application Requirements
  • Application
  • Personal financial statement
  • 2 years’ business / personal tax returns
  • 3 years’ business financial statements
  • Application
  • Personal financial statement
  • 2 years’ business / personal tax returns
  • Property appraisal
  • Title opinion or title insurance

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