Loan Products
We offer a wide array of business loans and lines of credit to enhance your company’s goals. As each business is unique, it requires an experienced banker to assess the credit needs and provide the suitable credit product to aid you in meeting your business needs. Some of the products we offer include
- Lines of Credit
- Equipment Loans and Lines
- Term Loans
- Asset Based Lending
- Real Estate Loans
- SBA programs including 504 & 7A.
- Letters of Credit
| Commercial Real Estate Lending |
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We provide a variety of programs on a nationwide basis that we tailor to meet even the most unique or complex of needs.
- SBA 504 Program
- Construction Lending
- Mini-Perm (Investor & Owner Occupied)
- Specialty Properties (Gas Stations, Hotels, Car Wash)
- Multi Family
Our SBA lending specialists can assist you when looking to acquire a new business or franchise, purchasing equipment, if you need an infusion of working capital, or are buying real estate your business will occupy.
We have a full array of loan programs designed to solve your borrowing requirements, some with as little as a 10% down payment. For fast and convenient response, please email or phone one of our SBA specialists now.
| SBA 7(a) Loan Program |
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SBA 7(a) loans can be used for most legitimate long term business borrowing needs. Typical loan uses include the purchase, construction or improvement of owner-user commercial real estate, business start up, business expansion, business acquisition, equipment purchase, debt refinance, and working capital.
Some highlights of the SBA 7(a) Loan Program include:
- Financing options unavailable under conventional terms
- Long-term financing (up to 25 years)
- Fully amortized loans with no balloon payments
- Low down payment to conserve working capital
- Loan amounts up to $2,000,000
The SBA 504 Loan Program may be just what you need when you make a substantial fixed asset purchase, such as a new building or a large piece of equipment. SBA 504 loans are designed specifically for these purposes. This loan program works as the combined effort of Pacific Enterprise Bank and an approved SBA lending partner licensed by the Small Business Administration to provide a highly leveraged, competitively priced loan for your small business.
Some highlights of the SBA 504 Loan Program include:
- Low fixed and variable rates available
- Down payment as low as 10% preserving vital working capital
- Long-term, fully amortized loans with no balloon payments
- Project amounts up to $10,000,000
- Real estate must be 51% owner occupied for existing buildings and 60% owner occupied for proposed construction
- Loans typically up to $2,000,000 but may be as high as $4,000,000 for manufacturers.
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