|
Competitive Loan Options
for our
Commercial Customers
Commercial Lines of Credit
An established funding amount for a
business whereby funds can be drawn
as needed.
-
Payment is made based on funds
used rather than complete amount
available
-
Credit is pre-authorized and
does not need additional
approval each time funds are
drawn up to the limit of line
-
Finance short term working
capital needs
-
Terms and availability are
determined by the type of
collateral, financial strength
of business and other factors
-
Subject to credit approval
Commercial Loans
Loans of varying purposes made to
businesses.
-
Funds available to improve cash
flow management and business,
and may be used for longer term
needs when short term cash flow
is sufficient
-
Terms of loans vary by
collateral, type of business,
financial strength of client and
projected use of funds.
Commercial Construction and
Development Loans
A business loan that is secured by
an interest in either residential or
real estate property.
-
Funding may include loans on
vacant land, construction and
development
-
Loan terms are customized for
the intended use of the land
being purchased.
-
Loan pricing based on financial
strength of client,
loan-to-value of the
transaction, and the risk
inherent in the project
Real Estate Loans
A business loan where funds are used
to acquire, refinance or invest in
real estate property.
-
Custom tailored loan programs
for raw land, improved vacant
land, and improved property
-
Loan is secured by a mortgage on
the property
-
Government assisted programs are
available
-
Financial strength of borrower,
type of collateral, business
history and other matters
Letters of Credit
A letter for the client's supplier
to guarantee payment of credit.
-
Process resembles the loan
approval process
-
Terms of the letter can be
custom designed to meet both
client and supplier needs
-
Provides low cost reserve and
may avoid or defer the interest
cost of financing trade
purchases
-
Payment to supplier is
guaranteed (subject to credit
approval)
|
