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Revolving
Line of Credit
Maintain cash flow when
your income is reliable, but not always steady. You're approved
for a maximum loan amount, but you don't have to use it all right
away. You draw on the available credit as you need it, and pay
interest only on the actual amount borrowed. Use the available
funds to meet payroll, purchase raw materials and pay vendors.
A line of credit is not intended for purchasing fixed assets.
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Documentary Letter
of Credit (Commercial Letter of Credit)
A useful financial tool
that gives reassurance to both buyers and sellers. For example,
a seller may require a letter of credit from the buyer when the
buyer's credit standing has not yet been established with the
seller. Alternatively, a buyer may want to delay payment for goods
until they have been received. A letter of credit bridges the
gap, and reduces the risk for both parties. A documentary draft
must be presented to the issuing bank for payment.
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Standby Letter of
Credit
Guarantees the financial
obligation of one party to another. Standby letters of credit
are often issued for longer periods of time than commercial letters
of credit and are often used in lieu of a performance bond. Usually,
a standby letter of credit is payable upon presentation of a draft
to the issuing bank, and no supporting documentation is required.
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Short Term Bank
Note
Finance unexpected or
emergency purchases without spending down your available cash.
A short-term bank note can offer a lower interest rate than a
credit card! Most short term notes give you 60 to 90 days to repay
the debt.
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Term Loans
Purchase major equipment,
vehicles and other large capital investments with a fixed-rate
loan. Payment terms are generally for one year or longer. Ask
a member of our business banking team about our current low interest
rates. Calculate your monthly payment with our
business
loan calculator.
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SBA Loans
Government-guaranteed
loan programs that can help small business owners with their financing
needs. For more information about Small Business Association Loan
Programs, get in touch with our business banking team.
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Business Real Estate
Loans
Finance
the purchase of commercial property on terms that work for your
business. Wondering how much you can afford to buy? Our business
loan calculator will help you determine a comfortable mortgage
amount based on current interest rates.
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Construction Loans
Your new construction,
expansion or remodeling project can become a reality with a First
State Bank and Trust construction loan. Talk to a member of our
Business Banking Team about your building project, and we'll help
you find the financial means to make it happen.
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Credit Cards
General operating expenses
and costs related to business travel are easier to track when
you use a designated credit card for business use. Visa® application
forms are available in our bank lobbies.
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