BUSINESS BANKING – LOANS

TYPES OF LOANS


Here you will find a list of the loan options available from BSV. We encourage you to contact a BSV Loan Officer through any of our local branches to obtain more information about and assistance with choosing the most appropriate loan program.

All loans include access to the NetTeller, NetTeller Mobile, and QuickPay; features of our Anytime Banking suite of services.

Enhancements:

Commercial Loans

An array of business loan types is available. Our loans offer competitive rates, prompt loan decisions and multiple payment options.

Loan types:

  • Variable or fixed rates
  • Secured or unsecured
  • Installment programs
  • Short term programs

Commercial Real Estate

Whether the project is large or small, financing is designed to suit any size business.

Loans available for an array of real-estate needs:

  • Expand existing business
  • Acquire a new business
  • Purchase or refinance
  • New construction or renovation

Construction

Loan programs are available for residential real estate used as rental properties or to build small or large commercial projects.

Construction loans are flexible and designed to meet the specific need of the project.

Construction loan features:

  • Interest only payments
  • Bill payment options
  • Draw options
  • Project management assistance

Agricultural

BSV specializes in farm loan programs and understands the seasonality and cyclicality of the industry. We structure loans according to resources and goals, and have a staff of experienced agricultural lenders with the knowledge and expertise to design a loan to meet the specific needs of the farmer.

Loan programs available:

  • USDA Direct
  • Guaranteed Farm Loan – FSA and Farmer Mac
  • Vehicle and equipment
  • Crop

Small Business Administration

BSV is proud to partner with the SBA and is an approved Express and Patriot Express lender. In addition, we partner with the local small business development center for SBA 504 loans. When obtaining an SBA loan, we support and coordinate with you throughout the entire process. BSV is dedicated to providing resources to the small business owner. For more information about SBA please visit http://www.sba.gov/.

Letter of Credit

When Letters of Credit are required by the state, city, county or other entity to provide assurance of payment, BSV can supply a Letter of Credit. The Letter of Credit guarantees payment and provides the business owner credibility when delivering services.

Religious Organization

BSV specializes in church financing. We work with many small and large religious organizations and other non-profits providing financial assistance for their specific financial needs. Loans are tailored to the needs of the particular organization.


All loans are subject to credit approval, verification, collateral evaluation and eligibility. Programs, terms and conditions are subject to change without notice.