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Types Of Business Loans

FirstConvenienceBank
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Types Of Business Loans

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  1. Types Of Business Loans Business loans can be categorized according to borrower's need & the purpose they serve. Interim construction loans are offered for building a property like custom homes or commercial properties. SBA loans consider repayment period depending upon the purpose for which loan amount is to be used such as opening or buying a business, acquiring inventory, etc. Working capital loans can be used to fund operational costs of a business such as payroll, debt payments, rent, etc. Equipment loans are extended to buy equipment for business & loan term depends upon the life span of equipment which also acts as collateral. Refinancing loans are offered to convert an existing commercial loan or a mortgage for better terms. FirstConvenienceBank www.1stnb.com Banking services are extended throughout Texas, New Mexico & Arizona All loans and collateral subject to approval First National Bank Texas | NMLS #402924 | Member FDIC | Equal Housing Lender

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