Center Bank offers different commercial loan products to suit your needs.
Type
of Product
Description
Business Line of Credit
Revolving line of credit for businesses to finance inventory purchase, equipment, A/R and operation funds.
Competitive Rate
Short term working capital
Business Purchase Loan Program
(BPLP)
To purchase a business.
Finance up to 50% of the
purchase price
Max. loan term up to 7 years
Flexible rates and
fees
Speedy Loan
Business Line of Credit up to $200,000 (State/Federal Guarantees required for loan requests over $100,000),
Term Loan to Business up to $100,000, or Business Purchase Loan up to $200,000.
Fast approval (within one hour after receipt of completed application package)
Working Capital, purchasing of inventory, seasonal Working capital, or purchase of business
No tax returns or financial statement
Professional Line of Credit
and Term Loan
Revolving line of credit or term
loan up to $100,000.
Flexible repayment term (up to 7
years for term loan)
Competitive rates and fees
Real Estate Term
Loan
To purchase real estate property.
Owner or non-owner occupied.
Up to 20 years amortization
Competitive rates and fees
Fixed rates
available
Commercial Real Estate Equity Line
A line of credit secured by a commercial property for business purposes such as debt consolidation, purchase of other real estate, business expansion or improvement.
For business improvement or expansion
Loans up to $2,000,000
Competitive rates
Term Loan To
Business
Loan for business owners. Can be
used for purchasing inventory, new equipment, leasehold
improvement.
R.E. collateral not required
Competitive rates and fees
Max. term up to 7 years
Construction
Loan
To build upon and develop real
property.
New and improvement
Secured by underlying property
Terms up to 18 months
Contact your nearest Center Bank branch for futher information
or call (213)-251-2222.