Business Loans
At times, your business like many others, requires financing to expand, purchase a piece of equipment or meet other operational needs. Our well-seasoned Relationship Managers will provide credit opportunities individually tailored to satisfy your business financing needs. Our pledge to you is that we will understand your business and develop financing options that are competitively priced and effectively delivered. We manage this process locally with unmatched flexibility and speed.
We offer:
Lines of credit
- Flexible borrowing instrument that provides easy access to funds.
- Often used to support working capital needs or meet seasonal fluctuations in receivables or inventory
- Lines of credit may be secured by a wide range of collateral from accounts receivable to real estate
- Typically, variable interest rates and interest only repayment
Term Loans
- Borrow a specific amount of funds to meet a specific financing need.
- Repay funds on a predetermined schedule over a longer term
- Generally a fixed interest rate
Commercial Mortgages and Construction Lending
- We provide funds to finance the purchase of Real Estate
- Facilitates growth by providing financing to renovate or remodel you existing building
Letters of Credit
We will provide documentary and stand-by letters of credit that you can use to smooth the progress of your business transactions.
Visit a First Priority Bank Office or Contact your Business Relationship Manager for more information about our Business Lending Opportunities
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