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Loans & Lines of Credit

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 while 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. 
    • Lines can be tied to a commercial checking account
  • Term loans can also be offered to provide a long-term repayment option for financing permanent levels of working capital. Specific terms and conditions will be tailored to fit the individual needs of the business
  • Competitive interest rates and terms 

Commercial Installment Loans

  • Term loans to finance the purchase of business equipment, including furniture, machinery, and automobiles  
  • Flexible repayment schedules
  • Rates vary depending upon the term and downpayment. Fixed or floating rate options available

 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

Tax Exempt Bond Financing

  • TowneBank has a lending team experienced with underwriting and financing a variety of tax-exempt transactions, including Industrial Revenue Bonds and bank-qualified transactions for institutional clients, municipalities, and non-profit agencies

Let one of our hometown lenders assist you with the loan or line of credit that’s right for you.




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