*Subject to credit approval. All loan programs, rates, terms, and conditions are subject to change without notice. Available to qualified commercial borrowers. Collateral may be required. This is not a commitment to lend.
Commercial Loan Products
Revolving Lines of Credit
- A line of credit is type of financing that allows you to borrow, repay, and borrow again over a fixed period (“the term”).
- Lines of credit are used to manage cash flows by financing short-term operating capital needs such as inventory, accounts receivable, day-to-day expenses like payroll, or other seasonal expenses.*
Key Loan Features:
-
- Interest-only payments during the term; the outstanding principal balance is due at maturity
- Terms up to 24 months
- Floating Rate loan options
Secured Term Loans
- A secured term loan is a type of financing to borrow a lump sum of money and repay it over a fixed period (the “term”) with regularly scheduled payments that include principal and interest.
- Secured term loans are used to finance fixed asset purchases for items such as equipment, vehicles, furniture, and owner-occupied real estate. Term loans can also be used to finance permanent working capital or debt consolidation.*
Key Loan Features:
-
- Fixed monthly payment (includes both principal and interest)
- Terms up to 7 years for loans secured with equipment and non-real estate assets.
- Terms up to 15 years for owner-occupied real estate transactions
- Fixed and Floating Rate loan options
*Subject to credit approval. All loan programs, rates, terms, and conditions are subject to change without notice. Available to qualified commercial borrowers. Collateral may be required. This is not a commitment to lend.
Commercial Real Estate (Investor-Owned)
- Generations Community Bank offers financing solutions to support real estate investors with the construction, purchase, or refinance of industrial buildings, multi-family units, retail buildings, office buildings and mixed-used properties.*
Key Loan Features:
-
- LTV up to 80%
- Interest only payments during construction period (if applicable)
- Fixed monthly payment (includes both principal and interest)
- Terms up to 10 years
- Fixed and Floating Rate loan options
*Subject to credit approval. All loan programs, rates, terms, and conditions are subject to change without notice. Available to qualified commercial borrowers. Secured by investor-owned commercial real estate. Origination and other fees may apply. This is not a commitment to lend.
SBA Loan Programs
- Generations Community Bank works with borrowers and the Small Business Administration (SBA) to provide government-guaranteed loans that are intended to make access to capital more convenient for small and mid-sized businesses.
- We offer SBA 7(a) term loans, SBA Express term loans and lines of credit and SBA 504 fixed asset financing.
- The financing terms offered are withing the guidelines for each respective SBA program.*
*Subject to credit approval and SBA eligibility. SBA programs, rates, terms, and conditions are subject to change without notice. Borrower must meet SBA program requirements. Additional fees and costs may apply. This is not a commitment to lend.
Letter of Credits
- Commercial and Standby Letters of Credit are issued by Generations Community Bank on behalf of its clients in transactions that require a payment guarantee from the borrower.*
Key Loan Features:
-
- Letter of Credit amount is fully secured with cash collateral
- Terms up to 12 months; with renewal options
- Monthly fees
*Subject to credit approval. Terms and conditions are subject to change without notice. Available to qualified commercial customers. Issuance and other fees may apply. This is not a commitment to issue a letter of credit. Subject to applicable regulations.