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Business
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We want you to get the most from your banking relationship with Eureka Bank. This page describes the type of financing options we have available to meet your financial objectives. Lines Of Credit A line of credit can be established as a convenient way to make sure that your business is always ready for those seasonal or cyclical production needs particular to your industry. A line of credit provides your business with the ability to pay down and advance on their loan as needed. Our business lines of credit have the following features:
* variable interest rate tied to the Prime Rate * monthly interest only payments * advances made by faxing or delivering a simple authorization form * nominal origination fee and closing costs * lines can be secured with commercial or investment real estate * lines can be secured with a personal residence * lines can also be secured with accounts receivable Term Loans An excellent choice for growing companies who wish to purchase machinery, equipment or other fixed assets to enhance the operation of their business. These loans generally have flexible terms so repayment schedules can be tailored to comfortably fit the financial resources of the borrower. Commercial Real Estate Loans We have commercial real estate loans for the purchase, refinancing, or renovation of commercial property. We offer competitive rates and maturities up to 20 years. Click here for additional information about our Business Loan Requirements. For more information about any of our business financing options, please call Mike Abriola, Vice President of Business Development & Marketing, by telephone at (412) 681-8400 or by e-mail at mpabriola@eurekabancorp.com. |
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