Loans - Commercial Loans

We offer short and long term loans at competitive fixed or variable rates to fit most business needs. Our fixed-rate loans are tied to various indices for permanent financing requirements. Our variable-rate loans are tied to the Wall Street Journal Prime Rate or Golden Coast Bank’s Prime Rate. Below is a summary of our lending program:

Commercial Real Estate/Construction Financing

• Planned unit development (PUD), tract house, condominiums, etc.
• Apartment complexes
• Retail centers
• Light industrial warehouses
• Office buildings
• Mixed-use projects
• Hotels/motels
• Franchise/national chained restaurant buildings

The maximum loan maturities vary depending on the use of proceeds.

• Construction financing - Variable-rate loan with maturities from 12 - 18 months
• Mini-permanent financing - Variable-rate or fixed-rate loan with maturities from 3 - 15 years with 15 - 30 years amortization.

Property financing consists of the following:

• Property purchase
• New construction
• Construction with mini-permanent financing
• Build-to-suit construction

Commercial Business Line of Credit/Loan

• Working capital financing
• Accounts receivable and inventory financing
• Asset based lending
• Seasonal financing
• Capital expenditure financing
• Merger/Acquisition financing

Business Term Loans

• Business acquisition
• Equipment financing

The term and rate of Loan or Line of Credit vary depending on business operations:

• Short term loan or line of credit - maturities from 90 days to one year
• Long term loan: maturities up to 5 years