At Stonegate Bank we recognize that each business is unique. Whether you’re expanding your business, financing accounts receivable, purchasing new equipment or building a new office, our experienced lenders will work with you to tailor a loan that fits your short or long-term needs.
A business line of credit allows you to meet the short term credit needs of your business – to support accounts receivable, seasonal or cyclical growth. This option allows you to borrow only what you need and you only pay interest on what you borrow. This revolving line of credit lets you borrow up to your credit line repeatedly for as long as your line of credit is available and is offered at a low variable rate, usually tied to prime.
Obtain a term loan to purchase equipment, for leasehold improvements or business acquisitions. These loans, either fixed or variable rate, allow you to run your business more efficiently.
Commercial real estate loans allow you to purchase, build, renovate or expand both owner occupied as well as non-owner occupied properties. Our fixed or floating rate loans allow for either short-term or long-term financing options. We provide financing for projects such as:
- Office buildings
- Retail shopping centers
- Investment properties
If you are a builder, developer or investor, we understand the complex nature of this segment of your business. We offer construction financing to fit your project, either commercial or residential. Financing options are also available for conversion to permanent financing upon completion of your project.
Occasionally a vendor for your business may require a letter of credit to guarantee payment or create a security deposit for things such as utilities. A letter of credit can be used to conserve cash ordinarily used for security deposits. The letter of credit is subject to fee based pricing and is secured by a certificate of deposit, cash or marketable securities. If the letter of credit is actually funded, the amount is then payable on demand and is generally funded by liquidation of the collateral but conversion to a term loan may be possible.