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Business Borrowing
We know you're serious about your business
And we are serious about you.
Business Borrowing:
Whether you are an established business or a newer concern looking to take advantage of growth opportunities, Commerce has a range of borrowing solutions to help you. Our approach combines both automated underwriting tools that allow us to move quickly with the experience of seasoned lenders. You are not just a number or a credit score at Commerce. Our lenders will consult with you to find the appropriate structure for your borrowing needs.
Line of Credit
Regardless of your short term borrowing needs – buying inventory, financing growth or general working capital – we can set up a line of credit to assist you. Our line allows you to borrow up to $500,000 and revolves so that you borrow only what you need. You can set up variable repayment options of interest only or payment of principal and interest.
Term Loan
If you need to purchase fixed assets or have a long-term borrowing need, you can borrow up to $500,000 for up to 84 months. Interest rates can be fixed or variable based upon your preference.
Overdraft Protection
There is no need to worry about overdrawing your checking account. With an overdraft protection, up to $10,000.00 can be automatically transferred to your eligible checking account to cover overdrafts. You only pay interest on the amount you borrow.
Commercial Bank Business Credit Card
Simplify your business travel and entertaining. Credit lines can be accessed from virtually anywhere your business travels take you with the added convenience of making cash advances at ATM's worldwide.
Small Business Administration Loans (SBA)
As a preferred SBA Lender, we can approve SBA loans in house and close them quickly. These programs allow us better flexibility when offering our loan products. Special loan programs are available to facilitate exports.
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