The loan amount available depends on the value of the eligible collateral pledged. For extended borrowing requirements, we will make loans that match the economic life of the financed assets. Long-term financing programs are also used to fund acquisitions. These loans can be secured by real estate or fixed assets. In addition, the interest rate can be fixed or floating.
Term loans are usually payable over five to ten years.
Payments are generally monthly, but may be custom-designed to fit your company's cash flow and business needs. Term loans may be secured or unsecured. We work closely with local and State agencies that provide credit enhancements, such as loan guarantees, low-interest loan programs, tax abatements and grants. Our knowledge and experience can help you to obtain the government-backed financial support you seek. A Standby Letter of Credit's purpose is to prove financial ability and commitment to honor a contract.