Commercial Loans

Whether you are looking to expand your business, take advantage of a new opportunity or to manage the day to day operational expenses of your business, we can provide you with the commercial financing to best fit your needs. Our wide variety of commercial loans are designed to meet your needs whether you are a seasoned business or looking to start a business.

Community Development Bank has an experienced lending staff that understands the needs of commercial borrowers.  In order to provide our commercial borrowers with the best terms and products possible, our lenders work with the Small Business Administration on SBA Guaranteed Loans, and multiple Certified Development Companies to tailor the best finance package for your business.

Commercial Construction and Permanent Mortgage Loans

Community Development Bank offers a variety of long term financing options that can be used for land purchases, building expansions, improvements, and facility renovations or refinancing.  We offer up to 25 year amortizations with both variable and fixed interest loans options. Our lenders are experienced working with the Small Business Administration and numerous Community Development Companies. In order to provide the most competitive and convenient long term financing possible, our lenders can use our in-house long term financing products in conjunction with various federal and state programs to create a loan package for both experienced and beginning farmers. 

Equipment Loans

To best meet our customer’s needs, Community Development Bank offers a variety of equipment loan products. We can provide equipment loans though traditional financing or by providing a lease on a new or used piece of equipment.

Lines of Credit

To help our commercial borrowers manage the day to day operating expenses of their business, Community Development Bank offers commercial operating lines of credit. Our commercial operating lines of credit allow our commercial borrowers to make the necessary purchases to run their business and also manage their cash flow throughout the business year. This flexible financing option allows the borrower to pay interest on only the amount of money borrowed, not the maximum balance of the line of credit.

SBA 504 Loans

For an SBA 504 loan, our lenders work with a Certified Development Company (CDC) on a loan used for the purchase of real estate or equipment.  As part of an SBA 504 loan, Community Development Bank would loan fifty percent of the total project utilizing our in-house loan products, the CDC would loan from thirty to forty percent and the borrower contributes between ten to twenty percent.  By utilizing the SBA 504 loan program, Community Development Bank is able to offer borrowers long-term fixed rate loans on the CDC portion. This type of fixed rate financing would not be possible for small businesses without the use of the SBA 504 loan program.

Letters of Credit

Community Development Bank also offers our customers the ability to receive a letter of credit form the bank. A letter of credit is issued by Community Development Bank to another entity to serve as a guarantee for payments made to a specified person under specified conditions. This allows our customers to operate and guarantee payment to the individual or business that they are purchasing goods from.

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