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What Kind of Commercial Loans Are Available to Me at Wilshire State Bank?
Wilshire State Bank offers many kinds of commercial loans to suit your business needs. Do you need to purchase real estate, purchase equipment, finance working capital, or other finance needs? Illustrated below are types of loans to help your business financial needs.
- Business Term Loans - 7 years amortization
- Business Lines of Credit - 1 year (renewable)
- Equipment Loans - 5 years | Available up to 80% of purchase price
- Commercial Real Estate - 7 years (25 amortization) - Up to 65% loan to value
- Construction Loans - 2 years - Up to 65% loan to value
- Ready Reserve(overdraft protection)
- Asset Based Lending / Factoring
- SBA guaranteed loans
- 7(a) Program
- 504 Program
- Export Working Capital Program
- LowDoc
- SBAExpress
What kind of Rates, Fees or Other Cost is Related?
At Wilshire State Bank, we will offer competitive rates. Wilshire State Bank can offer variable or fixed rates, whichever you prefer. Depending on the loan type, some loans include loan fees and other costs are related typically like documentation fees, appraisal fees, and insurance fees.
For more specific information regarding the rates and fees, contact your local Wilshire State Bank loan officer.
How Do I Apply For a Commercial Loan and What kind of Information Do I Need to Prepare?
Simply, a phone call or a visit to one of our local office will begin you loan application process. A loan officer will provide you a checklist of some documents that we may require. At minimum, the bank will request a loan application, at least two years of financial statement, and some verification documents. Depending on the loan type, the bank may request additional information.
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