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Business Lending

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.

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Business Loans

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 options. 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

Collateral

Varies; real estate or equipment are most common

 

 

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