Commercial Lending FAQ
Look for a combination of local commercial banker expertise and personalized lending solutions. Seasoned commercial bankers will have expert knowledge of the local market that will help guide you in determining the best loan options and loan type for your business, such as Equipment Loan, Real Estate Loan, or Commercial Line of Credit.
A commercial loan, also called a business loan or term loan, is a loan dispersed in lump sum and typically paid back over a set term. A commercial line of credit is like a credit card, where amounts can be borrowed in installments and paid back over time.
With a secured line of credit, repayment is guaranteed with collateral, such as a property. With an unsecured line of credit, no asset or collateral is required for approval. A credit card is an example of an unsecured line of credit.
It varies. Seacoast Bank Commercial Lines of Credit provide business owners with cash flow for both small and large expenses and can be used on an as-needed basis. Because no two businesses are the same, our borrowing limits are customized to each business customer.
Funds from a commercial line of credit are typically accessed in the same manner as a checking or savings account, with draws being made either through a branch or transfers within online banking.
Most commercial loans can be applied for online or at a bank branch and typically require the following documentation:
A commercial real estate loan can we used for a variety of purposes customized to your project needs, from purchasing a new facility to remodeling and expanding. Commercial real estate loans can often be used for:
Learn more about our commercial real estate loans or connect with a Commercial Banker for expert assistance.
Whether your business is rapidly expanding or you’re exploring new markets, a Seacoast Bank Commercial Loan can be a great way to scale your business without diluting equity. Commercial loans can be used for:
Connect with a Seacoast Commercial Banker to discuss your unique business lending options.
A business equipment loan allows you to borrow money for purchasing the equipment you need to run your business. Common uses include computer equipment, vehicles, kitchen equipment, or office equipment such as furniture, medical equipment and more.
Financing your equipment through a business equipment loan can help your business:
No. A commercial real estate loan is reserved for properties used solely for business and can be used for acquisition of a building, the refinancing of an existing property, building a new facility or making improvements to your existing facility.
Learn more about Seacoast Bank’s Commercial Real Estate loans
The commercial loan process can range from same-day approval to months, depending on the type of commercial loan applied for. Having your documentation ready can speed up the process considerably.
Rates will depend on a variety of factors, including credit worthiness, the loan product chosen, loan amount and selected terms.
Connect with a Seacoast Commercial Banker to discuss your unique business lending options.
Seacoast Bank has been successfully serving Florida business since 1926, and we are proud to offer a full array of commercial lending products and solutions that have only one objective- to drive economic efficiencies in your business. Our primary business…is your business.
Connect with your local Seacoast Commercial Banker today.
Commercial Lending Products & Solutions
You May Also Like
Equal Housing Lender. Member FDIC. NMLS# 608046
