• Chat
  • Need Help?
    InfoBank 24x7

    Telephone Banking
    305.269.9778 or 1.888.613.0268.

    Electronic Banking Technical Assistance
    305.264.9193 or 1.866.602.4207
    Hours: 9am to 5pm Eastern Time (Monday to Friday)

Your People, Your Bank.

Lines of Credit

Lines of credit provide short term financing for operating needs. Typically, they give access to funds while you are waiting to receive payment from your customers or you need to purchase inventory and supplies.  Lines of credit are expected to be fully repaid usually for a period of 30 consecutive days.

 

  • Commercial Loan Application
  • Executive Summary of Loan Request including specific purpose

Download the checklist to know what documents you need to apply. (Commercial Loan Application Checklist).

Download other documents you may need:

 

 

Download now to apply

Contact Us

 

Should I choose a term loan or a line of credit?
A term loan should be used for capital expenditures such as equipment, which are amortized over a period of years.  Loans for commercial real estate also fall under this category.
A line of credit gives you the flexibility to easily use funds as needed for short term financing needs.  These loans are generally available for one year and will be reviewed for renewal after that time.

What do I need to apply?
The information needed will vary depending on the type of loan you are requesting. To get details on what information you will need, select the "Commercial Loan Application Checklist".

How is my interest rate determined?
The interest rate is based on many factors such as the type of loan requested, your credit history, and your overall relationship with the bank.

Will I need to personally guarantee the credit request?
Personal guarantees are usually needed from business owners. Exceptions may be made depending on the specific aspects of the loan.

For Asset Based Loans, will there be a need for field audits”?
Field audits are usually required for asset based lines of credit.  Audits are usually done on a quarterly or semi-annual basis depending on the circumstances of the loan.

How will the amount of my commercial mortgage loan be determined?
The bank has specific loan to value ratios that depends on the type of real estate being financed.  After your application is received, the loan officer will discuss the programs available that fit the type of commercial real estate being financed.

Who should I contact to get more information about commercial loans?
Our commercial lending officers may be reached by calling 305-375-8442 and explaining that you are seeking information for a commercial loan.  You will then be helped by one of our commercial lending officers.  You may also visit any one of our branch offices and speak to the branch manager.

 

 

Contact Us