Hilltop Community Bank provides short-term financing through Lines of Credit to meet your day to day working capital requirements, and term loans to purchase equipment, for leasehold improvements, or for capital expansion. If your financing needs are larger, for a longer term, such as for purchase of Commercial Real Estate or other specialty project, Hilltop is prepared to work with you to put together a financing package that will meet your business needs
Credit Lines
Credit line facilities are extended to provide short term business financing for seasonal and working capital needs, such as inventory purchases, accounts receivable financing, quarterly tax & insurance payments, most operating expenses and to take advantage of seasonal opportunities. Generally, they are for a one-year period and require updated financial statements annually.
Credit Limit
- Minimum - $50,000
- Annual cleanup required - 30 day period
- Payment Schedule - Monthly interest payments only until maturity
- Automatic deductions from business DDA
- Interest Rate - Variable rate tied to the bank's base rate
- Collateral - First lien on business assets
Business loan used to finance capital expenditures such as machinery, equipment, computers, vehicles, office furniture, leasehold improvements, fixtures, and expansion of business lines.
Credit Limits
- Minimum - $25,000
- Payment Schedule Term - 1 to 7 years
- Amortized fully over term of loan - principal & interest payments
- Monthly payments automatically deducted from DDA
- Interest Rate - Fixed rate or variable rate options available Fees
- Application fee - $200
Commercial Real Estate loans are secured by real property such as office buildings, manufacturing plants, warehouses, professional offices, medical facilities, day care centers, apartment buildings or rental storage facilities. The loan can be used to buy owner-occupied property, refinance owner-occupied commercial property and to purchase professional co-ops and condominiums. Investment property financing is subject to different criteria. We would welcome your inquiry.
Credit Limit
- Loan to Value of 75% or less
- Payment Schedule Term - up to 7 years
- Up to 20 year amortization
- Interest Rate - Fixed or variable interest rate options available Fees (based on individual loan requirements)
- Application fee
- Appraisal fee
- Environmental Survey
- Legal fees
