Business Loans
Lines of Credit
Business Needs
- Ready access to funds – credit is pre-approved
- Structure to match the conversions of assets to cash for repayment
Features and Benefits
- Pre-approved borrowing limits from $25,000
- Reviewed and approved annually
- Bridge cash flow shortfalls
Asset-Based Line of Credit
Business Needs
- Ready funding for account receivables’ growth
Features and Benefits
- Credit availability from $50,000
- Reviewed and approved annually
- Quickly convert assets to cash
Commercial Term Loan
Business Needs
- Specific amount for specific term
- Acquisition or merger financing
- Finance vehicles and equipment
Features and Benefits
- Flexible term amortization up to 7 years
- Financing up to 80% of cost on equipment
Commercial Real Estate Loan
Business Needs
- Financing to build, buy or refinance
- Specialty financing in acquisition, development, construction lending
- For owner-occupied or investment properties
Features and Benefits
- Amortization schedule up to 25 years
- Fixed or variable rate loans
Not for Profit Financing
Business Needs
- Financing for projects for not-for-profit organizations
Features and Benefits
- Repayment terms to match purpose
- Amortization schedule up to 25 years for real estate
- Fixed or variable rate loans
Typical Application Requirements
- Application or letter outlining request
- 3 years’ business financial statements and tax returns
- Personal financial statements for each guarantor
- 2 years’ business/personal tax returns for guarantors