Business Term Loans
Provides a specific amount of credit to purchase assets or meet distinct financing needs. The loan is based on a predetermined monthly payment schedule.
- Great for equipment purchases, business expansion or other longer term business capital needs
- Longer repayment period for major purchase (terms up to 5 years)
- Predictable repayment terms over a fixed period of time
Business Lines of Credit
Working capital and specific purpose lines designed for short term business financing needs. A one year revolving period allows flexibility in repayment and usage of the line during the term.
Standby Letters of Credit
Can help your company assure to other parties that your business will meet its contractual obligations or meet the requirements of federal, state, or local governments.
Business Credit Cards
HCN Bank offers competitive Business Credit Card solutions that include low rates and/or preferred points. For details visit Business Credit Cards.
Accounts Receivable Financing*
Expand your inventory and accounts receivable with immediate working capital to fund growing operations or interim cash shortages. This financing vehicle converts open accounts receivable into ready cash for your business.
*Accounts Receivable Financing provided through and services by Crestmark Bank.