WORKING CAPITAL

Community Bank offers several types of Working Capital loans to help you with the ongoing operation of your business.

Lines of Credit

Lines of Credit are designed to help finance your short-term borrowing needs, and to provide working capital to help smooth out temporary or seasonal cash flow fluctuations. Lines of Credit allow you the flexibility to borrow against your line and repay without a fixed schedule. These lines have a variable interest rate, typically based on the Bank’s Prime Rate or LIBOR. We may also require collateral to secure your Line of Credit.

Short-Term Notes

Short-Term Notes are borrowings for a specific purpose. These notes have a maximum term of six months and carry a variable interest rate.

Accounts Receivable (A/R) Lines

These short-term lines are secured by your account receivables and can give you much greater flexibility in managing your company’s cash flow. Community Bank offers advance rates of up to 80% of eligible receivables (as determined by the Bank). A/R lines have a variable interest rate and a maximum term of 1 year.

International Trade

We offer everything from Letters of Credit to foreign accounts receivable financing to export working capital facilities to help you with your trade-related transactions. Click here for more detailed information about Community Bank’s comprehensive International International Trade program.

SBA Loans

Small Business Administration (SBA) loans are available to provide financing for your business. Loan proceeds can be used for equipment purchases, working capital, inventory acquisition, or debt restructuring. Loans under this program are guaranteed by the federal government and have very specific qualification criteria. Community Bank is a SBA Preferred Lender, which allows for faster processing of your loan request. Click here for more detailed information about our SBA lending program.