Business Lines of Credit
In business, long-term success can come down to short-term flexibility. This is especially true when it comes to cash flow. A line of credit can provide the short-term working capital you need to stay on course.
What is a line of credit? How does a business line of credit work? Good questions. Think of a line of credit (or LOC) as an emergency fund.
Instead of paying interest on a lump sum of money borrowed, with a line of credit you only pay interest on the portion of money you withdraw from your line of credit. This allows you to borrow and repay based on the cycles and needs of your business.
Commercial Real Estate Loans
Planning to purchase, build, remodel or refinance? When you need to invest in your location, turn to a truly local bank with flexible financing options.
When it comes to commercial real estate loans, we offer flexibility two ways:
- Flexible use: Our commercial real estate loans can be used for the purchase and/or construction of commercial facilities, the improvement of existing space, or for refinancing an existing loan.
- Flexible rates: We provide competitive adjustable rates with up to a 30-year amortization and a 10-year maturity.
Government Guaranteed Loans
Small business doesn't mean small vision. So how can we help your business grow? Our government guaranteed loans can be custom fit to a number of business needs.
SBA - 504 and 7a
What is an SBA loan? It's a loan backed by the Small Business Administration, and it can be used by small and larger businesses alike to:
- Purchase or refinance real estate
- Acquire a new business
- Help an existing business grow to the next level
Typically, SBA loans require a smaller down payment and after longer terms. Whether you are a new or existing company, we will work with you to provide the financing that is best suited to your needs.
Other Government Guaranteed Loans
We also offer the following government-backed business loans:
- BIA - Bureau of Indian Affairs
- USDA - US Department of Agriculture
Considered the standard business loan, a term loan is a go-to financing tool for many business owners. Finance your long-term assets at attractive rates and terms.
If you are looking to purchase equipment or vehicles, expand your facility, or acquire another business, then a term loan may be what you need.
Your local banker will work with you to set up a loan with the right terms and repayment schedule to take your business to the next level.