COMMERCIAL LOANS

WORKING CAPITAL

Working capital is the cash necessary to acquire inventory, pay employees and cover other short-term expenses during collection of accounts receivable. A Citizens Bank Commercial Line of Credit can be obtained to provide cash for purchase of seasonal inventory, accounts receivable increases or special projects.

Working capital financing may also be required for payment of increased short term expenses during rapid business expansion. We provide permanent increases in working capital utilizing Citizens Bank Intermediate Term Financing.

EQUIPMENT LOANS

Another example of how we can help with the financing of your company is in the area of equipment and machinery financing. We offer both short and intermediate term loans for the purchase of office furniture or equipment, construction equipment, and manufacturing equipment.

COMMERCIAL REAL ESTATE LOANS

Citizens Bank offers a variety of real estate financing options for your business. If you are looking to develop a new facility or expand your existing facilities, purchase commercial real estate, or simply need to refinance your existing commercial real estate mortgage, contact our commercial loan office at 831-9617.

The financing options that we offer :

Short-Term Financing

• Construction of a building for your new business, or
• To expand your existing facilities.

Long-Term Financing

• Permanent financing for your newly constructed building.
• Acquisition of an existing commercial building
• Refinancing of your current commercial real estate mortgage.

S.B.A Financing Available

Assistance may also be provided through the S.B.A. (Small Business Administration) visit their website at www.sba.gov.

SBA LOANS

Citizens Bank participates with the Small Business Administration (SBA) to provide financial assistance to small businesses in our area when applicants cannot arrange for their share of required equity injection. The SBA also provides support where loan requests require a higher tolerance of risk and enhance the opportunity for the bank to provide funding for such requests.

Loan funds can be used for the following purposes:

• To start a new business.
• Existing businesses may borrow to construct, expand, or convert facilities.
• To purchase land and buildings for business use, purchase machinery, equipment, furniture, fixtures, materials, inventory, and to provide working capital.
• To purchase an existing business, if eligible, provided such change will promote the sound development or preserve a small business concern.

There are two primary types of SBA Lending Programs:

• SBA 504 Program offers a loan participation with partial financing from SBA to supplement applicant and bank sources of financing for the request
• SBA 7(a) Loan Guaranty Program provides guaranty for bank financing for the request.

For more information on SBA loans, contact our Citizens Bank Commercial Loan Department at (317) 831-9617, email us at commloan@citizens-banking.com, or visit the Small Business Web Site at www.sba.gov.

HOW TO GET A BUSINESS LOAN

Please contact us with information about your business financing needs including desired amount, repayment period, purpose of the loan, and collateral used to secure the loan.

We are eager to hear from you. Please contact us at (317) 831-9617 or e-mail us at commloan@citizens-banking.com with information related to your request.