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Anchor Bank will be closed for Labor Day.

Anchor Bank and the Federal Reserve will be closed Monday, September 5 in observance of the Labor Day holiday.

Business Loans and Credit

Whether you are operating a mid-sized business with the potential for serious expansion or your large company is expanding into new markets, Anchor Bank has the resources your organization needs to take that next step. You have ambitious goals for your business and our team is here to help you meet them with loans available up to $10 million. Learn more about the financing options we provide businesses below.

Business Equipment Financing & Leasing

Whether you’re looking to upgrade or acquire new equipment, we offer a variety of equipment loan and lease options that match your business strategy.

How it works for your business
• Talk with a Business Banker to develop the financing plan that’s best for your business
• Finance or lease the equipment your business requires to help stay competitive, 
   increase productivity, and enhance profitability

The right equipment finance strategy could help you
• Manage cash flow with low monthly payments at a fixed interest rate
• Protect your short-term liquidity with up to 100% financing, including soft costs such as 
  sales tax, installation, shipping, and training
• Optimize tax benefits
• Match your expenses to revenue streams with flexible payment terms 
• Manage your balance sheet with on- and off-balance sheet options
• Streamline payments and be more opportunistic by establishing an annual equipment 
   lease line

 

Small Business Administration (SBA) Loans

If you’re planning to start a business or expand an existing business, you might need financing help. Anchor Bank is an SBA Preferred Lender, which means our team has the demonstrated experience and credibility to help you take advantage of financing backed by the U.S. Small Business Administration. SBA loans can be used for a variety of needs, so talk to a banker to learn what’s right for you. Learn more about SBA loans.

 

Product

Key Benefits

Choose if you need...

7A

• Helps position your company for growth,
  since loan proceeds can be used for a variety
  of business purposes.

• Improves cash flow with longer loan maturity
  dates ranging  up to seven years for
  working capital, ten years for equipment
  purchases, and 25 years for real estate. 

• Loan amounts up to $5 million.

• Long-term working capital to pay operational expenses,
  cover accounts payable and/or purchase inventory.

• Equipment, machinery, furniture, fixtures, supplies
  or materials.

• Capital to acquire a business.

• To refinance existing business debt under certain
  conditions.

• Real estate, including land and buildings.

• To construct a new building or renovate an existing
  building.

• To establish a new business or expand an existing
  business.

504

• Less equity is needed; down-payments can  
  be as little as 10%.

• May aid to improve cash flow with longer loan
  maturity dates ranging ten years for
  equipment purchases and 20 years for real
  estate.

• Loan amounts up to $5.5 million to acquire
  the equipment or real estate you need for
  business expansion.

• Predictable payment amounts with a fixed
  interest rate for 20 years on the SBA portion
  of the loan.

• To purchase land, including existing buildings.

• Site improvements, including grading, street
  improvements, utilities, parking lots and landscaping.

• New facilities, including new construction, or
  modernizing, renovating or converting existing facilities.

• To purchase long-term machinery and equipment.

SBA Express

• Funds inventory and receivable growth.

• Provides a flexible revolving line of credit to
  reduce interest expense, since you’re only
  borrowing what you need, when you need it.

• Funding for accounts receivable and inventory.

Export Express

• Funding for exporters.

• Provides a flexible revolving line of credit to  
  reduce interest expense, since you’re only
  borrowing what you need, when you need it.

• Funding for export accounts receivable and inventory.

Export Working Capital Program

• Funding for exporters.

• Provides a flexible revolving line of credit to  
  reduce interest expense, since you’re only
  borrowing what you need, when you need it

• Provides working capital funding up to
  $5 million.

• Funding for export accounts receivable and inventory.

CAPLines

• Positions your company for growth, since
  loan proceeds can be used for a variety of
  business purposes.

• Positions your company for growth, since
  loan proceeds can be used for a variety of
  business purposes.

• Can improve cash flow with loan maturities
  up to 10 years.

• Loan amounts up to $5 million.

• Seasonal Line. Finance seasonal increases of
  accounts receivable and inventory.

• Contract Line. Finance direct labor and material cost
  associated with performing assignable contract(s).

• Builders Line. Finance direct labor and material
  costs to cover builder/contractor constructing or
  renovating commercial or residential buildings. 

• Working Capital Line of Credit. Working capital to
  fund inventory and accounts receivable.

Lines of Credit

A working capital line of credit is a fast, convenient, and affordable way to access the funds your business requires. A line of credit provides ready cash to help you meet short-term funding needs, such as increasing inventory, dealing with seasonal cash flow issues, or taking advantage of unexpected opportunities.

How it works for you
• Anchor provides your business access to working capital at a reasonable cost.
• You can borrow the amount that you need when you need it.
• You can access your line by writing a check or making a phone transfer to your Anchor Bank business checking account.

Key benefits to your business
• You only pay interest on the outstanding principal balance each month.
• Fast and convenient access to the credit line.
• Use for important business opportunities and short-term funding needs.
• Link to your business checking account to minimize interest expense and overdraft fees.
• Loan amounts up to $10 million

 

Term Loans

Term loans are an excellent solution for many borrowing needs. With a term loan, your business can repay the loan over a specific period of time (term) with set monthly payments. Whether you require new or upgraded equipment, extended working capital or plan to expand your business, a term loan is an easy way to get the money you need quickly.

How it works for your business
• Talk to a Business Banker to determine the loan that’s right for your business
• Finance the purchases you need to grow your business

Key benefits to your business
• Low monthly payments at fixed interest rates
• Predictable payment amounts to help forecast your cash flow needs
• No hidden fees
• Loan amounts up to $10 million
• Up to 10 year amortization

Real Estate Loans

Our Commercial Real Estate Mortgages make owning, refinancing, or renovating commercial real estate easy and affordable. With either our conventional or SBA programs, you’ll benefit from flexible financing options that include competitive rates, low monthly payments and long amortizations.

How it works for you
• Contact a Business Banker to structure a loan that meets your unique loan needs
• Use your mortgage to refinance or renovate your commercial real estate key 
 
Key benefits to your business
• Low monthly payments
• Flexible down payment requirements
• Loan amounts up to $10 million
• Up to 25-year amortization
• Competitive fixed or variable rates
• Flexible owner-occupancy requirements

 

Loans subject to credit approval