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Our Lending Process

At Encore Bank, we strive to make the lending process as efficient and convenient as possible for our business clients. Potential commercial borrowers should be prepared to provide the documents listed below. Your business banking officer can provide additional direction and help you determine what other documents might be necessary.

  • 3 years of tax returns
  • Business plan for the organization
  • Personal financial statement
  • Additional information may be required depending on the complexity and terms of the loan request

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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 Recievable Loans

Provides a term loan with specific collateral.

  • Interest rates and terms vary dependent upon collateral, financial status of borrower, purpose, as well as other determining factors

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Commercial Real Estate Purchase or Construction

Allows a business or individual to purchase real property including buildings or open land for use or development.

  • Interest rates and terms vary depending upon collateral, the financial status of borrower, purpose, as well as other determining factors

Letters of Credit

This provides a bank-backed conditional promise to pay if certain requirements are met. The Letter of Credit acts as a substitution of credit risk.

  • Purchase goods or services – domestically or internationally
  • Must be tied to a commercial line of credit

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