Commercial Bank takes an individual and personal approach to the unique financial circumstances of each of our customers, because unlike those other places, we realize that business isn’t always black and white. Our lenders and local decision makers can work with you to find a solution to fit your business. We specialize in loans for small to medium sized businesses and can provide the guidance needed to make your company grow and prosper.
- Commercial Real Estate
- Construction Loans
- Equipment & Vehicle Loans
- Asset Purchase Loans
- Working Capital Loans
- Lines of Credit
- Letters of Credit
- Credit Cards
SBA 504 LOANS
The SBA 504 loan program is an economic development program that assists small businesses with expansion and job creation. This fixed rate, long term loan can be used to purchase land, buildings, heavy machinery/equipment, or for construction.
The typical financing structure for the total project cost is: 50% Commercial Bank loan, 40% SBA 504 loan, and 10% Customer down payment.
- Low fixed interest rates for term of loan (on SBA504 portion only)
- Low down payment- usually 10%
- Long term financing – 10 or 20 years
Let our SBA 504 experts help you decide if this loan is right for your needs.