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The commercial lending specialists at Lotus Bank have many years of experience to draw on when creating the right financing solution for your business. Whether it is for working capital, business expansion, equipment financing, or commercial real estate purchase, refinance or construction, your Lotus Bankers have the answer. Call today to learn how our experience can translate into your financial solution…
- Lines of Credit – Working capital solutions to aide your business in meeting its liquidity needs. Flexible facilities to fit the needs of your business with interest paid monthly and principal repayments based on cash flow availability during the loan term. Structuring based on your type of business and collateral securing the loan.
- Term Loans – Loans to fit specific capital needs. Set repayment of principal and interest based on a term that matches the needs of the customer.
- Commercial Real Estate – Term loans secured by a commercial real estate mortgage. Properties can be either owner-occupied or for investment purposes. Terms are generally limited to five years and amortizing up to a maximum of 20 years. Loans cover both purchases and refinances of commercial real estate.
- Construction Loans – Construction lending generally involves a line of credit facility over a set period that construction takes place. During construction, interest is charged on amounts advanced against the loan based on costs incurred by contractors. A mortgage is placed to collateralize the overall loan based on construction plans and budgets. At construction completion, the amount advanced can be converted to a Commercial Real Estate loan as outlined above. The “end financing” of the Commercial Real Estate loan can be approved