Commercial Lines of Credit & Term Loans

If your business is in need of financing, there are multiple loan solutions available depending on your company’s needs.

A few of the options include:

Line of Credit

A commercial line of credit is typically a revolving loan that allows a business to borrow funds when needed, and pay back without losing the ability to draw the funds again in the future. A line of credit is often a good option for managing the day to day operations and cash flows. Loan terms are typically one to two years, with interest due monthly.

Term Loans

A Commercial term loan is common for equipment purchases or startup costs. The loan is typically paid back via a monthly payment of principal and interest over the course of one to seven years, although repayment may be tailored to meet the unique needs of the business.

For more information about additional Business Loan options, choose one of the links below: