Loans & Lines of Credit
We have a wide range of product options to make your business a success and will tailor specific terms and conditions to fit the needs of your business. Best of all, our loan officers are experienced lenders, familiar with the market. No out-of-town approvals required!
Working Capital Loans and Lines of Credit
- Flexible term loans or revolving lines of credit to fund general working capital needs, including accounts receivable and inventory
- Revolving lines of credit offer the ultimate in flexibility. Funds can be borrowed and repaid at the member’s convenience
- Can be offered unsecured or secured by business assets, real estate, deposit accounts, securities, etc.
Business Equity Lines of Credit
- Flexible, revolving lines of credit secured by the equity in your business property
Funds can be borrowed and repaid at your convenience
Business Installment Loans
- Term loans to finance the purchase of business equipment, furniture, machinery, and automobiles
Flexible repayment schedules
Letters of Credit
- Standby Letters of Credit for bonding or insurance purposes can be arranged either on a secured or unsecured basis
- TowneBank can also arrange Import/Export Commercial Letters of Credit to facilitate international trade