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| TO APPLY: Please download our Individual Financial Statement. Sign and return the completed form to one of our experienced loan officers at any of our six convenient locations.
If you own more than three properties, please include them on the Real Estate Supplement. |
Our professional loan officers can help you find the right loan to expand your current business, buy your own commercial building, purchase new equipment, refinance a business debt or start a new venture. Our Preferred Lender status and dedicated SBA Loan Department ensure you get a quick decision on loan approval and receive the funds in record time.
Let First Heritage Bank help you with the following commercial loan options:
Commercial Loan Features
- Convenient maturity options:
- Terms up to 25 years on SBA real estate loans
- Terms of seven to 10 years for other types of SBA loans
- Competitive loan amounts of up to $2.5 million
- All loans are evaluated on a case-by-case basis and subject to credit qualifications
- Collateral/assets must be pledged; a personal guarantee may be required
- Balloon and non-balloon payment options available
- Competitive interest rates – both fixed and variable
- Fixed-rate financing on short term loans
- Variable-rate financing on long term loans
- Variable interest rate may include flexibility to convert to a fixed rate
- Two types of loan payment options:
- Installment-based payments – the original loan amount is split into equal payments over the term of the loan
- Open-ended or revolving – payments can adjust monthly
- Lower down payments with additional pledged collateral
- Loan fees vary with the size and term of the loan; bank fees are negotiable
- Loan interest may be tax-deductible (consult your tax advisor)
- Quick approval process – local loan officers and local credit decision-making!
- Click for more information on Loan Calculators
Business Real Estate Loans
When you want to buy or refinance non-owner occupied residential, commercial and industrial real estate, come to First Heritage Bank. We offer the best, most competitive rates on eligible properties such as commercial office buildings, industrial warehouses, manufacturing facilities and single- or multi-family residential developments.
Lot Loans
You’ve found the perfect lot, but don’t plan to build immediately? First Heritage – unlike many banks – can provide appropriate financing with a lot loan. This type of land-only financing lets you buy the property with a 60-percent loan-to-value ratio and reasonable down payment plan. Plus we offer convenient repayment terms with long-term amortization schedules.
Call or visit a First Heritage Bank loan officer in any branch for current business lending rates and to discuss our various lending programs. Additionally, we have many preferred mortgage partners that can assist you with your ongoing mortgage lending needs. Ask us for details today.
