This definition of small business is consistent with with guidelines established by the Small Business Administration of the U.S. Department of Commerce. Proceeds Eligibility Working capital or operation funds. Purchase of equipment, commercial use vehicles or machinery. Improvement of owner occupied commercial property. Expansion of business services or products.
All loans are subject to availability.
Interest Rate Prime interest rate plus up to a maximum of 2 percentage point spread based on term of loan. All loans will accrue on a daily basis at a floating interest rate. Interest rates will be quoted based on the Wall Street Prime Rate plus a spread based on the maturity date of the loan.