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Equal Housing Lender

© 2010 BankTennessee.
All rights reserved.

Commercial Lending Services
Listening to you and coming up with creative solutions is just one more part of our commitment to you. We can help you finance many of your small business needs including:

  • Expanding or renovating facilities
  • Purchasing machinery, equipment, fixtures, or leasehold improvements
  • Financing receivables and/or working capital
  • Refinancing an existing debt for more reasonable terms or increased cash flow
  • Constructing new commercial buildings

We offer the following products and services, plus as part of the relationship, we also offer depository services including business checking accounts, internet banking, electronic wire transfer and automated clearing house (ACH) services.

Commercial Real Estate Loans
Expanding or renovating? The Bank offers real estate loans for the purchase, construction, or re-finance of properties that are commercial in nature. These may be owner occupied properties that house the owner’s business operation or investor/developer projects.

Lines of Credit
Short on cash? Lines of Credit are generally secured loans with annual maturity at an interest rate floating with the Wall Street Journal Prime Rate. We offer two types:
  • Seasonal Lines of Credit allow the business customer to finance seasonal needs during peak business periods.
  • Revolving Lines of Credit provide funds for operating expenses not covered by available cash flow.

Term Loans
Need new equipment? Term loans are generally advanced for the purchase of equipment or other fixed assets used within the business. These loans require monthly payments for a set maturity and the business must have an equity position in the equipment or asset being purchased. The interest rate on these loans is fixed for the term of the loan that is usually 60 months or less.

Letters of Credit
We issue both Commercial and Stand-by letters of credit for the business customer. Letters of Credit are governed by the Uniform Commercial Code and the Uniform Customs and Practice for Documentary Credits. The same credit criteria required for commercial loans is used to approve Letters of Credit.

Leasing Services
An excellent way to conserve working capital and avoid the obsolescence of equipment! Leasing plans are flexible and can be designed to meet your needs.

MasterCard Business Advantage
Need a business credit card for yourself and your employees? MasterCard Business Advantage is a financial and cash management tool. You can use your card to pay for everything from office supplies to airline tickets, hotel accommodations, car rentals and much more, and you can ask for detailed monthly, quarterly or annual management information system reports that consolidate spending by merchants. This lets you negotiate more favorable travel and entertainment rates from hotels and airlines, track all business-related expenses and simplify your tax preparation.

 

  
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