Properly structured financing can play a major role in building your business and making it more profitable. That’s why we offer a wide variety of commercial lending options designed to meet your business needs and to achieve your financial goals. Our experienced commercial banking officers will provide you advice on the financing solution that will achieve your short and long term financial goals.
For more specific details, including current interest rates and fees, please call one of our commercial banking representatives – they’ll be glad to help.
Small business? Mid-size business? Large business?
We have the loans for you and the experience to help you succeed with all of your business loan needs.
If your business is expanding, our commercial real estate department can assist you. We have been a leader in commercial/industrial real estate lending within our service area for many years. Below is an overview of the types of commercial real estate financing available.
Types of Projects (Purchases, Refinances, Development and Construction)
- Business expansion
- Single-Family Construction
- Office and Multi-family
- Income Producing Projects (apartment,
- Subdivision Development
- Retail shopping centers, etc.)
When you need financing for the acquisition of equipment, for financing a business acquisition, or for refinancing of debt, a term loan is your best solution. You get the full amount you need right away, so you can start putting it to work quickly. Frequency of principal and interest repayments will be customized to meet your cash flow abilities.
A line of credit many be used to fund a variety of business needs.
- Revolving Line of Credit
May be used to provide working capital to purchase inventory and carry accounts receivable for a business whose sales growth is greater than the working capital available to support that sales growth. - Seasonal Line of Credit
May be used to finance the build up of inventory and the carrying of accounts receivable during a “business peak” sales period. - Draw Note
May be used to finance the construction of a specific real estate project.
Each Line of Credit provides the following features:
- Access
By simply calling a loan officer, customers may request draws to be deposited into a business checking account enabling them to manage how and when funds will be used. Automated systems (sweep accounts) which transfer funds from the pre-approved line of credit to cover items presented for payment in your business checking account, may be used with the revolving line of credit. - Terms
Terms are typically one year or less, and are customized by line of credit
type and borrowing need. Interest may be billed monthly, quarterly,
or semi-annually. For your convenience, interest payments may be automatically
deducted from your business checking account.
These loans are backed by the Small Business Administration, an agency of the U.S. government and enable the bank to aid the small business community by advancing necessary funds that would not be available under normal lending criteria. SBA loans can be made for credit-worthy purposed such as the acquisition of business real estate, machinery or equipment, working capital, as well as other entrepreneurial ventures.
The maximum loan amount is $2 million and the maximum guarantee is $1 million. Loans under $150,000 carry an SBA guarantee of 85%, and those greater than $150,000 carry a 75% SBA guarantee. All loans require both bank and SBA approval.
Agricultural loans are available for agricultural land, livestock, crops, equipment and machinery, as well as lines of credit to meet seasonal funding needs. We would be happy to work with you to structure the right loan package to meet your funding needs.
A letter of credit from the bank will guarantee the payment of your drafts for a specified period and amount. A domestic or international letter of credit can help you make purchases or conduct business when you have a more limited credit history or business experience.
May be used to bridge a “gap” until a specific business even enables you to repay the loans. For example, a bridge loan could be used to finance a new building until such time as the current building can be sold, etc. 
|
