|
Business Loans |
|
Type |
Description |
|
Business
Loans
|
Whether
your business is large or small,
Cambridge State Bank has commercial
loans to fit your needs. If you
need capital for growth, we offer
flexible credit to help you meet your
business challenges head on.
|
|
|
Products |
|
Working
Capital Loans |
Businesses
may apply for a Working Capital Loan
to
finance business expenses such as accounts receivable or
inventory.
Working
capital loans are provided based on percentage of eligible accounts
receivable and inventory.
Inventory loans includes raw materials,
finished goods, components and services. |
|
Fixed
Asset Financing - Equipment and
Machinery |
Long-term
equipment loans provide companies with the opportunity to purchase
anything from manufacturing equipment to commercial vehicles. |
|
Asset
Based Lending |
You can use a variety of assets as loan collateral:
- Accounts Receivable
- Inventory
- Real Estate
- Equipment
Keep your business growth steady
- Purchase materials and supplies
- Meet seasonal demands
- Finance growth
- Keep current on payables
|
|
Receivable and Inventory Financing |
Receivable and Inventory financing allows you to get cash by
factoring in your accounts receivable. See also
Asset
Based Lending. |
|
Revolving Lines of Credit |
A line of credit provides flexibility to take
advantage of business opportunities as they occur. On average, lines
of credit are repaid from your business's operating cash flow and
provides short-term financing for your operating needs to support
account receivables and inventory.
|
|
SBA
Loans |
SBA
Loans will assists small
new
or growing businesses meet the borrower's financial needs.
This type of
loan is contingent upon two factors in determining eligibility: annual
sales size and number of employees.
The
SBA lends to all industries, subject to their size eligibility
requirements see exceptions (below).
-
Exceptions
include businesses involved in gambling, lending, leasing, SBA
loan packaging, religious activities and not-for-profit
institutions.
Benefits:
-
The
SBA serves the lending needs of a small business owner that cannot
obtain financing from traditional sources.
-
The
SBA is a long term lender.
-
SBA
loans are fully amortized.
-
The
SBA will accept the equity in personal assets, particularly land
and homes, as collateral.
-
The
government is your guarantor.
-
You
can often get a second chance with the SBA loan since decisions
are not made with scoring models.
Click
here to read more about
SBA Loans.
|
|
Lease
Financing |
Benefits
of Leasing:
-
Provides
a variety of tax benefits.
-
Conserves
your working capital.
-
Provides
flexibility.
-
Provides
100% financing.
-
Preserves
your credit lines.
-
Low
acquisition costs.
-
Leasing
eliminates equipment obsolescence.
Examples
>Computer
Hardware & Software
>Office Furniture & Equipment
>Construction Equipment
>Telephone Systems
>Trucks & Trailers
>Customized Equipment |
|
Letters
of Credit |
Cambridge
State Bank can provide you with a Letter of Credit for your various
financial needs. |
