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Owning a business is complex. Our lenders will partner with you to figure out your goals and needs. We’ll be with you every step of the way, with competitive rates, flexible terms and personal service, even after your loan has closed.
Even in the same industry, different businesses aren’t the same, nor are their needs, and our lenders get that. We’ve got many loan options, a few are listed below. As a community bank, we don’t have a one-size-fits-all loan option. We get to know you and your business and tailor a loan to meet your needs.
Business Loan Options include but are not limited to:
Product
Term Business Loans
Equipment Loans
Real Estate Loans
Loan Use
Purchase business, refinance debt, expansion, other
Purchase and/or refinance equipment
Purchase and/or refinance real estate; wide variety of options
Term
Typically 2-5 years depending on collateral type
Typically up to 5 years
Typically up to 20 years
Payment Type
Typically monthly principal and interest
Typically monthly principal and interest
Typically monthly principal and interest
Collateral
Typically assets being purchased; other assets may be used
Equipment being purchased or refinanced; equipment already owned
Real estate being purchased; other real estate already owned
Product
Line of Credit
Loan Use
Operating needs, cash flow timing
Term
Typically 1 year with option to renew
Payment Type
Typically accrued interest due monthly with principal balance due at maturity
