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To make running your business easier, we have described our most common business lending products.
We also believe you will find of value a visit to our Business
Briefcase as a resource to your business. Learn more about our payroll services.
COMMERCIAL MORTGAGE LOAN
A loan used to finance the purchase of real estate (or construction). It appears
on the business' balance sheet as land and improvements (buildings). A commercial
mortgage is repaid from net income of the business on a defined amortization.
TERM LOAN
A secured loan used to finance fixed assets (other than real estate), such as equipment.
The term of the loan depends on the life of the asset being financed and the cash
flow of the business operation.
REVOLVING OR SEASONAL LINE OF CREDIT (LOC)
Generally, a credit arrangement for financing fluctuations in current assets. The
need predominantly results from a sales volume that cannot be supported by the internally
generated cash flow of the business or a seasonal need, like inventory for
peak times in a landscaping business. Repayment
is from conversion of non-cash assets to cash, such as inventory and accounts receivable.
PERMANENT WORKING CAPITAL
A loan used to finance cash needs. This type of loan is used when the business
operation's cash disbursements exceed its ability to generate cash internally.
Repayment is from net profits.
LEASING
If your business is expanding; needs 100% financing; or
if you require a unique payment plan, leasing may be the option for you. Click here for
more information.
LETTER OF CREDIT
A Letter of Credit is an instrument issued by a bank on behalf of a client authorizing
an individual, or firm, to draw drafts on the bank, or on its account at one of its
foreign correspondent banks, under certain conditions stipulated in the Letter of Credit.
BUSINESS CHARGE CARD
Apply for a CBB Credit Card today ~ Click Here
A service whereby a business can have a charge card line and within that line have
credit cards for its key employees. Repayment is on a monthly basis, with a detail provided
on each issued charge card for expense reporting. A grace period (free use of money) is common on a
charge card line.
GOVERNMENT LOAN PROGRAMS
Banks will also utilize government loan program through the Small Business
Administration (SBA), WHEDA, Wisconsin Department of Commerce,
and other specialized programs. The requirements of these programs vary and may
change over time.
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