Commercial Term Loans

Whether funds are needed for equipment or capital improvements, our competitively priced term loans will help you with your business expansion.

• Loan amounts range from $15,000 or more based upon business needs, collateral value, and repayment capacity.
• Terms of up to five years (possibly longer) are available depending upon purpose.
• Repayment is principal and interest payable monthly over the term of the loan.
• Pricing is typically a fixed interest rate up to five years based upon a margin, generally 3% to 3.5%, over the three- or five-year U.S. Treasury Note.
• Origination fees range from 1/2% to 2% of the loan amount.
• Collateral shall be a general lien on business assets, specific lien on asset being acquired or refinanced, or real estate.
• Personal guarantees are expected from each individual who owns 20% or more of the business.