| Type of Loan | Loan Purpose | Term | Payment |
|---|---|---|---|
Type of Loan Real Estate Loan | Loan Purpose Purchase, Refinance, Expand, Remodel or Rehabilitate | Term Amortizations up to 25 years, maturities up to 15 years | Payment Principal and interest payments usually monthly, balloon payment options available |
Type of Loan Land Loan | Loan Purpose Purchase or Refinance | Term Up to 10 years | Payment Principal and interest payments usually monthly, balloon payment options available |
Type of Loan Term Loan | Loan Purpose Long term financing needs such as equipment purchases, capital needs or other long term financing needs | Term Up to 10 years | Payment Principal and interest payments usually monthly, balloon payment options available |
Type of Loan Line of Credit | Loan Purpose Short term financing needs, generally working capital and/or receivables and inventory financing | Term Varies, generally renewable annually | Payment Interest only monthly |
Type of Loan Letters of Credit | Loan Purpose Bank guarantee of payment based on certain conditions | Term Varies, generally renewable annually | Payment No repayment until and unless letter is presented for payment. Commitment and annual fees apply |
Type of Loan Customized Loans | Loan Purpose Other short term and long term needs can be accommodated | Term Terms up to and including 25 years are available and based on many factors such as loan purpose, cash flow and collateral | Payment Payment types range from monthly, quarterly, semi-annual and annual payments and may be interest only payments, principal and interest payments and balloon payments |
Simply give us a call or stop in. We’re happy to help guide you through your choices based on your needs. Check our rates as this is where we will advertise our business loan specials.
