Business Loans

Term loans are ideal for businesses that plan to expand their facilities, purchase new equipment, finance acquisitions, refinance debt, or purchase fixed assets. We offer both fixed and variable interest rates with loan terms up to 10 years (longer if secured by real estate). Loans can be secured or unsecured. Liquid assets, such as stocks, bonds, mutual funds, certificates, real estate, titled equipment, and vehicles, or business assets like inventory, receivables, furniture, fixtures, and equipment can be used as collateral.

This loan type is specifically for the purchase, improvement, expansion, or refinance of commercial real estate, such as a 1-4 family investment property, office buildings, manufacturing facilities, or retail buildings. We offer fixed or variable interest rates and loan terms up to 15 years with amortization to 20 years. For a commercial real estate loan, the maximum loan-to-value ratio is 80% and property serves as full or partial collateral.

A standby letter of credit (SBLC) is a financing vehicle that essentially substitutes our credit strength for your company's. An SBLC is issued to third parties on behalf of your company to guarantee performance, ensure payment to suppliers, or to bond payments. We typically issue SBLCs for one year with either a specific maturity or automatic renewal. An annual fee of 1-2% applies.