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If you're thinking
about starting a new business or expanding an existing business, then
TrustBank is the only bank you'll need. We
offer:
- Short-term
Commercial Loans
- Intermediate-term
Commercial Loans
- Long-term
Commercial Loans
- Letters of
Credit
For tips on how
to apply for a TrustBank Commercial Loan, click here.
Short-term
Commercial Loans
Short-term loans of one year or less are available to help you manage
your business around your cash cycle. This type of loan can include
interim construction loans, land development loans and working capital
credit lines.
Intermediate-term Commercial Loans
These loans are made for a period of two to seven years and are
often used to purchase machinery or equipment, with the term of
the loan usually corresponding to the useful life of the asset being
purchased. This type of loan is also used to finance permanent working
capital needs such as the expansion of your business or the purchase
of a new business.
Long-term Commercial Loans
These secured loans offer repayment over an extended period of time,
usually from 10-15 years, and are often used to purchase commercial
real estate or multi-family housing.
Letters of Credit
We offer both a Standby and a Documentary Letter of Credit. These
are letters that facilitate business between buyers and sellers
so that transactions can be made that protect both parties. A loan
application is required. Frequently they are used when doing business
with parties who are located at a long distance.
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