Commercial Lending Products
Auto and Equipment Loan
- Used for purchasing vehicles or business equipment (e.g., trucks, machinery).
- Typically secured by the asset being financed.
- Fixed interest rates and monthly payments.
- Useful for businesses looking to upgrade or expand operations.
Real Estate Secured Line of Credit
- Revolving credit line secured by commercial real estate.
- Flexible access to funds up to a set limit.
- Interest paid only on the amount drawn.
- Can be reused as the balance is repaid.
- Ideal for managing cash flow or funding short-term projects.
Secured Line of Credit
- Requires collateral (e.g., inventory, receivables, equipment).
- Offers revolving access to funds.
- Lower interest rates compared to unsecured credit.
- Good for working capital needs and managing short-term cash flow.
- Credit limit depends on the value of the pledged assets.
Real Estate Loan
- Used to purchase, refinance, or develop commercial property.
- Secured by the real estate itself.
- Long-term financing with fixed or variable rates.
- Often involves a detailed underwriting process.
- Common for office buildings, retail spaces, or industrial property.
Unsecured Line of Credit
- No collateral required.
- Based on the creditworthiness of the business and/or owner.
- Provides quick, flexible access to funds.
- Ideal for short-term operational or emergency expenses.