Commercial
Whether you need funding for start-up or expansion, a loan can be the lifeblood of your business. We offer a number of commercial loan programs which can be tailored to your needs:
Line of Credit: This type of loan allows you to borrow up to a predetermined limit any time during the commitment period. Interest applies only to the amount you borrow.
Accounts Receivable Financing: Your accounts receivable can be pledged as loan collateral. The financial condition of your business, together with the collectability of the receivables, are also considered.
Inventory Loans: Inventory loans can be made for a percentage of your total inventory cost, with the inventory pledged as collateral. You make payments as your inventory is sold.
Term Loans: With this type of loan, you can finance major equipment or building expansion purchases which can serve as collateral. The amount and period of repayment is determined by the equipment’s economic life, the resale market, the value of the building and land, and the financial condition of your company.
Construction Loans: Similar to a line of credit, a construction loan is used to finance commercial construction projects. You draw funds as needed to pay contractors and suppliers. When the building is completed, the loan is paid off with proceeds from permanent financing. Most construction loans are granted after permanent financing has been arranged.
Line of Credit: This type of loan allows you to borrow up to a predetermined limit any time during the commitment period. Interest applies only to the amount you borrow.
Accounts Receivable Financing: Your accounts receivable can be pledged as loan collateral. The financial condition of your business, together with the collectability of the receivables, are also considered.
Inventory Loans: Inventory loans can be made for a percentage of your total inventory cost, with the inventory pledged as collateral. You make payments as your inventory is sold.
Term Loans: With this type of loan, you can finance major equipment or building expansion purchases which can serve as collateral. The amount and period of repayment is determined by the equipment’s economic life, the resale market, the value of the building and land, and the financial condition of your company.
Construction Loans: Similar to a line of credit, a construction loan is used to finance commercial construction projects. You draw funds as needed to pay contractors and suppliers. When the building is completed, the loan is paid off with proceeds from permanent financing. Most construction loans are granted after permanent financing has been arranged.