BUSINESS LOANS
Credit decided by people who know your street
Term loans up to $500,000 and working capital lines up to $250,000, underwritten by the business team at your branch. Requests under $250,000 never leave the county, and most complete files get an answer in about three business days.
What we lend
Four ways to borrow, chosen by what the money is for
Borrowing for a truck is not the same as borrowing to cover a slow February. Matching the structure to the need is most of the work.
$250,000
Approved at your branch
3 days
Typical decision time
7.49%
Term loans start here
1948
Lending here since
Term loans
A fixed amount, a fixed payment and a fixed end date. Use it for a buildout, an acquisition, a second location or consolidating expensive short-term debt. One to seven years, from 7.49% APR.
Working capital lines
Draw what you need, pay interest only on the balance, pay it back when the receivable lands. Up to $250,000 from 8.25% APR, reviewed once a year rather than reapplied for.
Equipment financing
The equipment secures the loan, so the rate is lower and the down payment is smaller. Terms run 24 to 84 months, set against how long the machine will keep earning.
Equipment termsOwner-occupied real estate
Stop paying rent on the building you operate from. Up to 80% loan to value, fixed for 5, 7 or 10 years and amortized over as long as 25.
Property financingRates and terms
What business credit costs here
Your rate depends on time in business, cash flow coverage, collateral and credit history. These are the floors.
Product
Rate
Term and amount
Business term loan
From 7.49% APR
1 to 7 years, up to $500,000
Working capital line of credit
From 8.25% APR
Revolving, up to $250,000, reviewed annually
Equipment financing
From 7.25% APR
24 to 84 months, up to 100% of invoice
Owner-occupied commercial real estate
From 6.95%
5, 7 or 10-year fixed, up to 25-year amortization
All credit subject to approval and verification of income, collateral and business financial condition. Origination and third-party costs may apply and are disclosed before you sign. Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only. Equal Housing Opportunity Lender.
How it works
From first call to funded
No portal that swallows your file. A named banker owns it start to finish and you can call that person directly.
A conversation first
Thirty minutes, in a branch or on video. We talk about what the money is for, what the business earned last year and what it owes now. You leave knowing whether this is likely to work before you gather a single document.
Application and financials
You submit the paperwork listed below through secure upload or in person. Most owners have everything within a week because their accountant already prepared it for taxes.
Underwriting in this building
Your banker writes the credit memo and presents it locally. We look at cash flow coverage, the debt schedule and how the business has actually behaved, not just a score. Expect a call with questions rather than a silent decline.
Close and draw
Sign at your branch or with a mobile closer. Term loan proceeds hit your Summit checking the same day. A line of credit shows up in online banking and you draw from it whenever you need to.
What to have ready
Every lender asks for roughly the same file. Gathering it once saves two weeks of back and forth.
Common questions
How long does my business need to have been open?
Two years of filed returns is the general standard. We do lend to newer companies when the owner has years in the same trade, real contracts in hand and collateral behind the request, so ask before you rule yourself out.
Will I have to sign personally?
On almost every small business loan, yes. A personal guarantee from each 20% owner is standard across the industry. It does not put your house on the line by itself; that only happens if you separately pledge it as collateral.
What is a debt service coverage ratio and what do you need to see?
It compares cash flow to loan payments. We want at least $1.20 of cash flow for every $1.00 of annual debt service, including the new loan. If yours is close, a longer term or a larger down payment usually gets it there.
My credit took a hit during a bad year. Is that automatically a no?
No. This is exactly why the decision is made locally. Write a short explanation of what happened and what changed, and your banker will put it in front of the committee alongside the numbers.
Do you charge prepayment penalties?
Term loans and lines of credit have none, so paying ahead simply saves you interest. Fixed-rate commercial real estate loans carry a step-down prepayment schedule that is spelled out in the commitment letter.
Can I refinance a loan I have somewhere else?
Often, and it is one of the more common requests we see. Bring your current note and payoff figure. If the payment drops or the term fits your cash flow better, we will show you the comparison in writing before you commit.
Start with a conversation, not a form
Tell a business banker what you are trying to build and get a straight answer about whether it will fly.