Commercial Loans
Commercial Demand Loans
- $1,000.00 to $2,500.00 amount
- Interest payable monthly
- Principle due on demand
- Maturity one year
- Variable Annual Percentage Rate calculated at 3.50% over Wall Street Journal Prime
- Current Annual Percentage Rate - 11.75%
- $2,500.00 and over amounts
- Interest payable monthly
- Principle due on demand
- Maturity one year
- Variable Annual Percentage Rate calculated at 3.00% over Wall Street Journal Prime
- Current Annual Percentage Rate - 11.25%
*** Real estate rate cap - 17.00% **
Commercial Line of Credit
- $5,000 minimum line of credit
- Variable Annual Percentage Rate
- Annual Percentage Rate calculated as rate of Wall Street Journal Prime to 3% greater than rate of Wall Street Journal Prime
- Interest rate determined by financial and collateral strength
- Interest due monthly by bill or draft
- Advance by phone or in person
Other commercial loans are available. Please stop in and talk with one of our loan experts. We are here to serve you with superior customer service and great rates.
