SMALL BUSINESS GUIDE TO COMMERCIAL LOANS

Transcription

1 SMALL BUSINESS GUIDE TO COMMERCIAL LOANS

2 BUSINESS BANKING Every business is unique. Whether you re just starting your business, expanding, or staying the course as an accomplished organization, you can find financial solutions for every stage of your business journey. Explore our complete line of business solutions to manage your cash flow and maximize your productivity. Because we are Your Local Community Bank, we are truly your business partner. We ll walk you through the commercial loans and cash management services available to you. Because we are a community bank, we can find solutions to almost all your financial needs. We ll help you decide which loans are best for your goals now and in the future.

3 COMMERCIAL LOANS 1. Working Capital Lines of Credit 2. Equipment Loans 3. Real Estate Loans 4. SBA 504 Assisted Loans 5. SBA 7(a) Guaranteed Loans 6. SBA Export/Import Bank Credit Facilities 7. USDA Guaranteed Rural Development Loans 8. Trade Services/Letters of Credit

4 1. WORKING CAPITAL LINES OF CREDIT Carry inventory or accounts receivable Make irregular or unexpected payments Opportunity for unplanned purchases Use for seasonal cash flows A line of credit is intended to help you meet day-to-day cash shortfalls; you can borrow and repay a line-of-credit on your own schedule.

5 2. EQUIPMENT LOANS Computers and office equipment Trucks, fleets, lawnmowers, etc Large and small machinery Equipment loans are for everything from a new computer or truck to as big a piece of machinery imaginable. We ll work with you to structure a realistic payment program to correspond to your anticipated cash flows.

6 3. REAL ESTATE LOANS Buildings, offices, plants Investment real estate Building expansions From building your new offices or plant to investing in an income producing property and everything in-between, our commercial real estate loans can help you find the space you need.

7 4. SBA 504 ASSISTED LOANS Purchase of land, building, machinery, and equipment (real estate must be at least 51% owner occupied) Expansion and construction Limited refinancing of existing debt Lower down payment requirements Longer repayment terms Low, fixed interest rates Working with the SBA we may be able to offer you extended repayment terms at highly attractive interest rates for building and/or equipment purchases.

8 5. SBA 7(a) GUARANTEED LOANS Purchase, construction or renovation of owneroccupied commercial real estate Purchase of machinery and equipment for business use Business acquisition Debt refinance Working capital Business start-up As one SBA program option, a 7(a) loan may be a better fit than a conventional loan and may be used for a variety of reasons.

9 6. SBA EXPORT/IMPORT BANK CREDIT Financing assistance Send goods or services overseas Export and import services If your business sends goods or services overseas SBA Export/Import Bank supported loans may provide valuable financing assistance.

10 7. USDA GUARANTEED RURAL DEVELOPMENT Up to 30-year real estate loans Up to 15-year machinery/equipment loans Up to 7-year working capital loans Reduced payments may be scheduled in the first 3 years Many Washtenaw County communities can qualify for guaranteed rural redevelopment loans. Typically available for a wide variety of working capital, equipment or real estate needs.

11 8. TRADE SERVICES/LETTERS OF CREDIT Work safely with overseas customers and suppliers Provide the paperwork needed Work with major international lenders We work with some of the nation s major international lenders to provide the paperwork you need to work safely with overseas customers and suppliers.

12 BUSINESS CASH MANAGEMENT 1. Business Deposit & Savings Accounts 2. Payroll Direct Deposit Services 3. Automated Clearing House (ACH) 4. Merchant Services 5. Remote Deposit Capture 6. Check Imaging 7. Funds Transfer Services 8. Internet Banking Chelsea State Bank Cash Management services will help you operate more efficiently and successfully.

13 1. BUSINESS DEPOSIT & SAVINGS ACCOUNTS What is your typical cash flow? How much do you keep in a savings account? Do your employees need credit or debit cards? What is your typical payroll? Do you have fluctuations in your working capital? What kinds of balances do you keep in a checking or savings account? Let s make sure your money is working for you!

14 2. PAYROLL DIRECT DEPOSIT SERVICES Save money on each issued paycheck Reduce reconciliation Reduce fraud risk With Chelsea State Bank s Payroll Services, you can initiate direct deposit of payroll to your employees accounts at any financial institution in the country.

15 3. AUTOMATED CLEARING HOUSE (ACH) Electronic payment processing Facility for moving transactions Ease of processing throughout financial institutions When your customers authorize an electronic debit from their account, funds are electronically transferred from their accounts to your account.

16 4. MERCHANT SERVICES Electronic payment options Convenient electronic payments Accepts Visa and MasterCard Do you provide electronic payment options for your customers? CSB s Merchant service partners allow you to accept debit, credit, and online transactions just as easily as cash!

17 5. REMOTE DEPOSIT CAPTURE Business management Cost effective Convenient electronic deposits Make your deposits without leaving your office with e-deposit (Remote Deposit Capture). CSB s e-deposit lets you make your deposits electronically from the convenience of your own office.

18 6. CHECK IMAGING Monitor check issuings and clearings Easy, efficient banking User intuitive Always know what checks are written and cleared with check imaging. Let CSB s Check Imaging make your banking easier and more efficient. Never wait, search, or guess again for these documents.

19 7. FUNDS TRANSFER SERVICES Maximize use of funds Move money fast and securely Assess best options for business needs Do you have a need to move money? Use Funds Transfer Services to maximize the use of your funds when you need to move money fast and securely. Funds Transfer Services allow you to determine the best option for your particular business needs.

20 8. INTERNET BANKING 24/7 access to your business Remote access Know the pulse of your business Internet Banking is a necessity in any business today. We ll help you get started. Know the pulse of your business day and night in the office and across the country with CSB s Internet Banking solutions.

21 ABOUT THE AUTHOR Chelsea State Bank is your local bank, and we re in business to help your business. We ve been around for over a hundred years, and we put that experience to work for our customers, offering both personal and business banking solutions. Whether you re a small business or large corporation, we offer a complete and competitive array of checking solutions in addition to cash management services to help you reach your optimum operating efficiency. Our team is here to help you both now and into the future. We pride ourselves on our quality of service, and our customers feel comfortable depending on us when it comes to assisting them with their banking needs. If you re interested in learning more, give us a call! Presentation template by SlidesCarnival

22 Thanks for reading! Any questions? You can find us at chelseastate.bank (734) ?