Business Loans

Summit is focused on you and the success of your business. As you start out, grow and expand, we offer you lending solutions to meet the needs of your business.

Commercial Equipment Term Loans
Many companies need equipment to run their business successfully. Whether new or used, we can help you finance the equipment you need.

Features of a commercial equipment term loan include:

  • Up to seven year terms
  • Competitive fixed and variable interest rates
  • Collateral varies

 

Commercial Real Estate Term Loans
Summit can help your business purchase a new facility or even refinance a previous purchase with a commercial real estate loan. Like all of our loans, this term loan is tailored to your business needs.

Features of a commercial real estate term loan include:

  • Flexible terms with varying amortizations
  • Competitive fixed and variable interest rates
  • Auto-payment available
  • Lend up to 80% of property value

 

Real Estate Construction
Tailored to the needs of your expanding business, a real estate construction loan from Summit can help you expand your facility or build a new one. We can offer you an interest-only line during the construction phase to help your cash flow until the project is finished.

Features of a real estate construction loan include:

  • Loan-to-value ratios vary depending on type of building
  • Interest-only line of credit during construction phase
  • Money available for every phase of construction
  • Fixed rate available after construction