Important Details

Business Loans

  Lines of Credit Term Loans Real Estate Secured Lines of Credit Leases SBA Loans
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Business Loans

Loan Details

Important Details        
Types
  • Business secured or unsecured line of credit
  • Business line of credit
  • Visa® business card
  • Business secured or unsecured term loans
  • Equity line of credit
  • Improvement loan
  • Construction loan
  • Real Estate loan
  • Lease line
  • TRAC lease
  • Lease finance
  • Tax lease
  • Term loans
  • Working capital loans
  • Lines of credit
  • 504 loan program
Purpose
  • Increase working capital
  • Fund investments
  • Take trade discounts
  • Improve liquidity
  • Meet short-term cash needs
  • Finance receivables and inventory
  • Finance specific one-time need
  • Business expansion
  • Increase working capital
  • Finance furniture, fixtures or equipment
  • Take trade discounts
  • Finance receivables, investments or inventory
  • Improve liquidity
  • Meet short-term cash needs
  • Increase working capital
  • Expand business
  • Finance property improvements
  • Finance construction of owner-occupied commercial building
  • Acquire or finance real estate
  • Finance new and used furniture, fixtures and equipment
  • Purchase machinery and equipment
  • Purchase inventory
  • Working capital
  • Purchase real estate
  • Business acquisition
  • Exporting
Term Varies depending on loan type Up to 84 months 12 to 180 months 36-84 months Up to 25 years depending on loan type
Collateral and Loan-To-Value Ratio Unsecured:
  • None required
Secured:
  • Savings, marketable securities, or equipment
  • Accounts receivable; up to 80% of value
  • Inventory; up to 30% of value
Unsecured:
  • None required
Secured:
  • Savings, marketable securities, furniture, fixtures, or equipment
  • Car or truck
Advance rate based on type, age and condition of equipment
Commercial real estate:
  • Up to 75% of value
Furniture, fixtures or equipment up to 100% of value Typically all business assets being financed; up to 90% on real estate
Repayment Term Varies depending on loan type Interest and principal generally due monthly on fully-amortizing basis Varies depending on loan type Payments due monthly in advance Varies depending on loan type
Rate Option Variable Fixed or variable Lines of credit: Variable
All others: Fixed or variable
Fixed Variable
Other Fees One or more of the following fees may apply, depending on loan type:
  • Loan origination fee
  • Annual fees
  • Account receivables monitoring costs
  • Filing costs
  • Loan origination fee
  • Appraisal fee, if applicable
  • Filing costs, if applicable
  • Loan origination fee
  • Appraisal fee, if applicable
  • Title policy fee, if applicable
Document Fees SBA guarantee fee; packaging fee
See Important Details
 

All loans are subject to credit approval; restrictions apply. See a Financial Center for details.

This page was last modified on Fri Apr 18 10:20:38 MDT 2014