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Business Loans

Whether your company is looking for a short-term working capital financing arrangement or a complex long-term solution, Guardian Bank’s commercial bankers are committed to working with your business to meet its financial needs.

Business Line of Credit

Guardian Bank offers working capital and asset based lending to help your business manage its cash flow needs.

  • Finance receivables
  • Manage seasonal cash fluctuations
  • Flexible repayment structures available

Working Capital Loans

  • A committed credit facility allowing your business to borrow, repay and borrow funds again as needed
  • Advance and repay principal to match the cycle of your company’s collection of assets
  • Working capital loans may be permanent or you may wish to structure the line to reduce over a specified period
  • Can be structured with a longer maturity date, options typically include converting all or a portion of the amount outstanding to a term loan

Loan Sweep Service

  • Link your line of credit directly to a designated Guardian Bank deposit account to help avoid overdrafts and reduce overall interest expense by paying down balances when excess funds are available
  • Funds are automatically drawn from the credit line to cover a deficit in the deposit account or excess deposited funds are transferred to reduce the line of credit balance

Business Term Loans

Guardian Bank offers a variety of amortizing term loans to help your business grow or to provide needed access to funding.

  • Expand facilities
  • Purchase equipment and fixed assets
  • Consolidate debt

Term loans may be used as permanent financing to convert a construction loan at the time of project completion or for the purchase of an existing property –competitive rates and multiple amortization options available.

Loan Benefits

  • Expand facilities
  • Purchase equipment and fixed assets
  • Consolidate debt
  • Increase working capital
  • Easily manage your company’s monthly cash flow
  • Permanent commercial real estate financing available

Commercial Real Estate Lending

Guardian Bank provides a wide range of commercial real estate financing including new construction, acquisition or refinancing options.

  • Construction of a new office or building
  • Purchase leased property
  • Refinance an existing commercial real estate loan

Business Real Estate Loans

  • Residential and commercial real estate projects
  • Construction loans
  • Short-term bridge loans
  • Permanent fixed rate financing

Income Producing Real Estate Loans

  • Retail
  • Office
  • Multi-family
  • Industrial

Development Loans

  • Lending for residential real estate projects
  • Land loans
  • Acquisition and development funding
  • Lot financing

Construction Loans

  • Lending to improve real property
  • Aggregate commitment amounts
  • Progressive draws
  • Maturity coincides with project completion

Small Business Association (SBA) Loans

The United States Small Business Administration (SBA) (www.sba.gov) was created by the federal government to strengthen the nation's economy by providing aid, counsel, and assistance to small businesses. Guardian Bank partners with the Small Business Administration to offer the following loans:

SBA loans are specifically designed for small business owners.  Guardian will partner with your business to identify the program that best fits your company's needs.

  • Programs include the SBA 7(a) and 504
  • Great for providing working capital
  • Longer term financing available for the purchase of real estate, equipment or inventory

Loan Benefits

  • Business acquisition
  • Enterprise refinancing
  • Improve cash flow with longer terms
  • Reduced debt service requirements
  • Fully amortizing loans

Loan Programs

  • 7(a) - The most basic and most common type, 7(a) loans are available to the majority of small businesses for a maximum of $2 million.
  • CDC/504 - This loan program provides long-term financing on major fixed assets like land and buildings. CDC/504 loans are designed to contribute to the economic development of communities and have a maximum loan amount of $1.5 million.

 

To prepare for your appointment with a Commercial Banking Officer, here are a few things to bring:

Existing Business

  • Last 3 years of fiscal year-end balance sheets
  • Last 3 years of income statements
  • Interim balance sheets and income statements
  • Signed personal financial statement
  • Last 2 years of federal tax returns on the business

Business Acquisition

  • Last 3 years of fiscal year-end balance sheets
  • Last 3 years of income statements
  • Interim balance sheets and income statements
  • Signed personal financial statement
  • Last 2 years of federal tax returns on the business
  • Signed purchase agreement
  • Projections for at least one year – cash flow, balance sheet, and income statement

Start-Up Business

  • Detailed business plan
  • Signed personal financial statement
  • Last 2 years of federal tax returns on individual
  • Projections for at least two years – cash flow, balance sheet, and income statement 

All Requests

  • If a corporation – Articles of Incorporation
  • If a partnership – Partnership Agreement
  • If a LLC – Articles of Organization
  • Use of Proceeds

Why Guardian

 

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