Commercial
Real Estate Purchase or Refinance - Monthly principal and interest payments
- Maximum term 15 years - Finance up to 80 % of purchase price or appraisal
value (whichever is less)
Commercial
Construction Loans -
To construct commercial Building - Maximum term 18 months - Finance up
to 80 % of the appraisal value
Equipment
Loans - To purchase equipment for business purposes - Maximum term
up to 84 months = terms to coincide with equipment life and amount financed
- Finance up to 80 % of purchase price new or book value on used
- Monthly or quarterly principal and interest payments
Working
Capital Lines of Credit - To provide working capital for cyclical cash
flow needs of the company - Monthly interest payments - Term = 12 months
Written
Loan Request: · Amount · What will funds be used for?
· Terms of repayment · Collateral offered as security
Written
Business Plan: · Identify type of business · Mission
statement – overview of what you are trying to do · Marketing
plan – identify your potential customers and how you plan to reach them
If
an existing business:
· Last 3 years financial statements · Last year’s tax return
· Detailed list of business assets
If
a new business with no past track record:
· Projected income and expense statement for next 2 years
NOTICE:
The bank is not responsible for and has no control over
the subject matter, content, information or graphics of
the web sites that have links here. Please
contact us with any concerns
or comments.
