Loan Products – Business Loans, Lines of Credit and Rates

Term Loans

With a term loan, your payment and interest rate are fixed for a specific period of time.

Commonly used for:

  • Business acquisition
  • Commercial Real Estate
    • Purchase
    • Refinance
    • Construction/Renovation
  • Vehicle purchases
  • Equipment purchases
  • Equipment leases
  • Specific projects

Lines of Credit

As your business expands, so may the need for enhanced cash flow. A working capital line of credit can offer the solution to short-term working capital needs.

Features:

  • Floating interest rate based upon a selected index
  • Monthly interest payments based upon amount outstanding
  • Line is revolving and always available for use to a maximum limit

Best used for:

  • Seasonal fluctuation in revenues
  • Working capital
  • Short term borrowings

Loan Rates

For more information, contact your Market Manager to schedule your consultation.