Term loans are a lump-sum disbursement repaid over a specified period of time. They may be used to finance equipment purchases, real estate assets, a new business acquisition, or other long-term needs of a company.
Term Loans to Help You Grow
Core Bank’s team of friendly professionals is passionate about helping our customers understand term loans and provide guidance to grow and support their business.
How Term Loans Work
Whether you’re applying for a term loan for the first time or you’ve done it before, working with Core Bank to set everything up is quick and easy. Here’s what you need to know!
Simple Application Process
Applying for a term loan at Core Bank is simple and straightforward. Get in touch with a member of our team today to begin the application process as soon as possible!
Uses for Term Loans
Long-term equipment loans provide companies the opportunity to purchase anything from manufacturing equipment to commercial vehicles.
If you need the financing to buy out another company or business partner, term loans can help.
Commercial Real Estate Loans
Long-term financing provides interim construction funds and permanent financing for long-term loans on owner-occupied commercial real estate.
Letters of Credit
Core Bank can provide you with Letters of Credit for your various financial requirements.
Interest Rates and Fees
Core Bank works to keep interest rates affordable with no hidden fees. Get in touch with our team to find out the latest interest rates associated with term loans to find the one that works best for you and your business.
Term Loan FAQs
How do I qualify for a Term Loan?
Requirements to qualify for term loans may vary. Contact Core Bank today to get started!
How long does it take to process my loan?
Approval for business terms loans can take three to seven days. Once approved, funds are typically processed within another seven days.
If I am approved for a Term Loan, how do I receive my funds?
At Core Bank, your funds will be deposited directly into your chosen business account.
Contact Core Bank
Ready to apply for a new term loan? Get in touch with the business banking team today to learn more about our Term Loans and apply today!
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