Business Loans
As an active commercial lender, Encore Bank offers an array of credit products and services designed to help your business succeed.
Business Lines of Credit/ Working Capital
Designed to meet your short-term business needs.
- May be secured or unsecured (depending on the situation)
- Terms vary – generally 12-months reviewed on an annual basis
- The interest rate varies to fit your unique situation
Equipment, Inventory & Accounts Receivable Loans
- Offerings include: term loans, revolving lines of credit, and letters of credit
- Interest rates and terms vary dependent upon collateral, financial status of borrower, purpose, as well as other determining factors
Commercial Real Estate Purchase or Construction
- Offerings include: commercial real estate purchases or acquisitions, commercial construction, and development
- Interest rates and terms vary dependent upon collateral, the financial status of borrower, purpose, as well as other determining factors
Letters of Credit
A letter of credit, or “credit letter” is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase and will issue an already agreed-upon Note to the borrower. Encore Bank offers both Stand-By and International Letters of Credit.
Small Business Loans
We offer four prominent Small Business Loan programs to help you manage the inflow and outflow of cash for your business.
Have a Question Regarding Business Loans?
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