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Business Loans
At Belmont Bank & Trust Company, we strive to become “Your Partner in Business.”
Our commercial lending products are designed to help business owners finance their company’s growth as well as day-to-day operations and working capital needs.
Belmont Bank & Trust Company offers the following competitive financing solutions designed to meet your business needs:
Small Business Line of CreditThis secured credit line is ideal if your business needs credit on a seasonal or cyclical basis, have fluctuations in cash flow, and/or require purchases of larger amounts of inventory to take advantage of discounts.
Benefits
- Secured by assets owned by the business
- Low interest-only minimum payments
- Pay down the principal at any time, without penalty
- Quick decisions and streamlined process
Business and Equipment Term LoansThese products are for financing a fixed asset purchase such as equipment, commercial vehicles, furniture and fixtures. It’s also a way to finance permanent working capital or to consolidate debt.
Benefits
- Choice of fixed or variable interest rate
- Various terms to meet your needs
- Ability to spread the cost of the fixed asset over its estimated useful life, resulting in a manageable monthly payment
- Certainty of fixed payoff date
- Quick decisions and streamlined process
Commercial Real Estate LoanThis loan is used to buy, refinance, or improve a commercial real estate property.
Benefits
- Choice of fixed or variable interest rate
- Choose from terms up to 7 years, with amortizations up to 30 years
- Borrow up to 70% of the appraised value of the property for owner-occupied and investment real estate
- Quick decisions and streamlined process
Commercial Real Estate Line of CreditThis line of credit is secured by owner-occupied commercial or investment real estate and can be used to access working capital and/or make improvements to real estate.
Benefits
- Secured by owner-occupied or investment commercial real estate
- Low interest-only minimum payments
- Quick decisions and streamlined process
Small Business Equity Line of CreditThis line of credit gives you the opportunity to build credit in your business’s name by using the equity in your home.
Benefits
- Borrow at rates lower than conventional business loans
- Borrow up to 80% of the appraised value of the property for owner-occupied real estate
- Potential tax savings (please consult your tax advisor)
- Quick decisions and streamlined process
All credit products are subject to an approved credit application.
For more information on any of our commercial lending products, please contact;
David Dagley, 773-413-1945, DDagley@belmontbanktrust.com
Jose Torres, 773-413-1941, JTorres@belmontbanktrust.com
David Rubis, 773-413-1959, DRubis@belmontbanktrust.com
