Commercial Loans

Term Loans

Terms loans are used to refinance or purchase assets with useful lives longer than one year such as equipment, technology, vehicles, and real estate. The term of the loans generally ranges from 1 to 5 years.

Commercial Real Estate Loans

Commercial real estate loans are term loans made to purchase land and/or buildings. Monthly payments are normally based on a 15 or 20 year amortization.

Construction Loans

These loans are used during the critical phase of building a facility. The Bank works closely with you, the contractor, and a title company to help you successfully complete your project. Upon completion, the loan is converted to a commercial real estate loan.

Development Loans

Development loans are used to acquire or prepare property for further improvements like housing, condominiums, or commercial construction.