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Commercial Real Estate Loans

Commercial Loans

Letters of Credit

Lines of Credit

If you are interested in learning more about our loan programs, please stop by or call the branch office near you. A list of branch locations is available at Branch & ATM Locations.

Commercial Real Estate Loans
The purpose of this type of loan is to purchase or refinance commercial property, either owner occupied or being held as investments. Cash out transactions are available. Loans are available for the following property types:

	Mixed Use
	Retail
	Office Buildings
	Industrial/Warehouse
	Plant/Manufacturing

Generally we underwrite these Loans as follows:

	30/10: Payments based upon a 30 year amortization, with the balance due in 10 years.
	Fixed rates for up to the first 5 years.
	65% maximum loan-to-value.
	1.2:1 minimum debt service coverage ratio.

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Lines of Credit
Revolving Lines of Credit help a small company's cash needs, including:

	Carry accounts receivable.
	Purchase inventory.
	Capitalize on discounts.
	Meet payables.

The generic structure of these Lines is as follows:

	Variable Rates.
	Generally, 12 month term.

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Commercial Loans
Customized loans used primarily for business expansion and to purchase equipment for working capital needs.

The generic structure of these types of Loans is as follows:

	Fixed and Variable rates.
	Loan terms up to 5 years.

Letters of Credit
Standby Letters of Credit are used generally to guarantee performance. Commercial Letters of Credit are used primarily for the import of goods from overseas.

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