The revolving line of credit is designed to meet short-term cash flow needs often created by accounts receivable. The interest rate on this type of loan is typically variable and tied to the Wall Street Journal Prime rate.
Expand your business, consolidate debt or purchase a new commercial vehicle or equipment with a First Commercial Bank term loan. These loans are designed to provide attractive long term financing while preserving your business' working capital.
SBA Loans are designed to help your business grow by providing funds for capital investments. This federally sponsored program offers competitive financing for newer businesses or those lacking sufficient collateral to meet traditional credit standards. First Commercial Bank has been designated as a Certified Lender by the Small Business Administration and can offer these loans to qualified applicants. This designation provides accelerated SBA processing and rapid loan approval. We specialize in the 7(a) Program and the Certified Development Company 504 Program. These programs can offer you extended amortization and payment terms as well as other valuable loan features.
SBA Loans provide your business with financing for:
These short-term instruments assist your business in meeting payment and performance obligations from your customers, suppliers, etc.
For more information on how First Commercial Bank can meet your needs, please call us at 405.844.0110 or 800.871.3331 and visit with one of our loan officers today.