Commercial Loans

Commercial Loans

Commercial lending that’s right for your needs.

Whether your needs are day-to-day or longer term, The Palmetto Bank offers a team of seasoned commercial relationship managers who can work with you to meet your unique needs. Products include working capital lines of credit, asset-based lending facilities, real estate loans, term loans, and much more. Terms and rates are based upon credit approval.

 

Cash flow is the life-blood of any company and our lines of credit fit nicely into a company’s day-to-day operations. We realize that often funds are needed periodically but only for short periods at a time. With The Palmetto Bank’s secured Revolving Line of Credit, companies can borrow with flexible terms necessary for effective cash flow management.

Our short-term loan option enables companies to borrow and repay as often as necessary. For example, a supplier may be offering substantial discounts for earlier payments, but receipts from your sales have not yet started accumulating. We also offer solutions for companies with seasonal needs, and we are prepared to assist with those borrowing needs as well.

Having the right equipment at the right time can result in a significant improvement to a company’s bottom line. Whether your company is looking to own or lease, our equipment financing solutions will ensure that your company can meet the demands of the market. If you plan to purchase, an equipment loan repayment plan can be aligned with cash flows. Payments that are predictable can provide peace of mind and allow your company to preserve working capital.

If leasing is a better option for you, we offer financing at competitive rates. A properly structured leasing program can enhance cash flows, strengthen working capital and may even carry some attractive tax advantages1. There is virtually no limit to the type of equipment that can be acquired by lease.

The Palmetto Bank offers commercial real estate financing for practically any type of business. Our focus is on owner-occupied real estate, and we offer personalized service and competitive rates. Whether you are planning to buy, build or expand, our commercial relationship managers will work with you to develop loan options that will meet the unique requirements of your business plans.

An asset-based loan (ABL) is designed as a cash flow tool to create a bridge between the receipt of payments and expenses that must be paid. ABL facilities are usually focused on Accounts Receivable and Inventory for collateral since these two categories convert to cash quickly.

Asset-Based Lending can mean different things at different institutions. At The Palmetto Bank, Asset-Based Lending is synonymous with Corporate Banking because our approach is better than the typical intensive daily credit monitoring of a company’s current assets. The monthly review process encourages the development of a true partnership between our team and your business.

1 Consult your tax advisor.