Some of our loan facility includes:
Overdraft Services
Overdraft services provide a loan to a company when the company's cash account is empty. The lender charges interest and fees on the borrowed money. Overdraft services cost less than loans, are quickly completed, and do not include penalties for an early payoff.
Business Lines of Credit (LOC)
An unsecured business line of credit gives corporations access to cash as needed at a competitive rate, with flexible payment choices. A traditional line of credit provides check-writing privileges, requires an annual review, and can be called early by the lender. A non-traditional line of credit provides businesses with quick access to cash and a high credit limit.
Term Loans
A term loan is a commercial loan with a set interest rate and maturity date. A company typically uses the money to finance a large investment or acquisition. Intermediate-term loans are under three years and are repaid monthly, possibly with balloon payments. Long-term loans can be up to 20 years and are backed by collateral.
Letters of Credit
Domestic and international trade companies use letters of credit to facilitate transactions and payments. A financial institution assures payment and completion of obligations between the applicant (buyer) and the beneficiary (seller)
