BUSINESS LOANS* - Helping Your Business Grow
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From commercial loans, lines of credit, government loan programs, term loans, and letters of credit, Century Bank and Trust, makes the business loan process a little easier.

You work hard for your business and at Century Bank and Trust we are ready to work hard for you. Whatever your needs, we will work with you to create a flexible financing package that is tailored to meet your business’ specific needs. We are local lenders making local decisions! 

  Line of Credit
  Commercial Real Estate Loans
  Term Loans
  Letters of Credit
  Government Loan Programs
  Personal Financial Statement
  Frequently Asked Questions

 

LOAN TYPES IDEAL CANDIDATES FEATURES AND BENEFITS ALSO AVAILABLE GET STARTED TODAY

Line of Credit:

  • Revolving Lines of Credit
     

  • Seasonal Working Capital Lines
     

  • Farm Operating Lines

Are you purchasing or restocking inventory, making seasonal volume purchases, or taking advantage of trade discounts? Century has a line of credit that will help you react quickly!

A line of credit is a flexible borrowing instrument used to manage the peaks and valleys of cash flow. Borrow from a line of credit up to your credit limit and pay it back as frequently as needed. Lines of credit can be secured by collateral such as accounts receivable, inventory, equipment and real estate. Lines of credit typically require minimum monthly interest payments and the line of credit to be paid down to a zero balance annually. A line of credit has a variable rate pricing option.

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Commercial Real Estate Loans:

  • Development
     
  • Construction
     
  • Refinance

 

Are you looking to break ground on a new commercial building, make improvements to your current facility or are you looking for a new facility? We continue to be an active partner in developing commercial growth!

Commercial Real Estate Loans provide a specific amount of credit to purchase real estate with a predetermined schedule or monthly principal and interest payments. Commercial Real Estate Loans have a fixed or variable rate pricing option.

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Term Loans:

  • Equipment Financing
     
  • Vehicle Loans
     
  • Permanent Working Capital
     
  • Aircraft Financing

 

Are you looking to grow your business assets? We can help you set up a repayment plan to fit your schedule. Term Loans provide a specific amount of credit to purchase assets or to meet a specific financing need with a predetermined schedule or monthly principal and interest payments. Term loans have a fixed or variable rate pricing option.

 

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Letters of Credit:

  • Domestic and International
Do you need assistance in establishing new relationships with vendors, suppliers or foreign transactions? We can help make this happen! A stand-by letter of credit is a valuable tool. This product can help make growth a possibility and secure better terms with suppliers.

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Government Loan Programs:

  • Small Business Administration
     
  • USDA Rural Development

 

Century has many avenues to help your business succeed; a government loan program may be it! Century Bank and Trust is an approved lender of various Government Loan Programs. Loans are available in a variety of term loan and line of credit options. Loans are backed by government-sponsored loan guarantees. The guarantees offer businesses who may not otherwise qualify for conventional bank financing access to the credit their business needs to grow.

 

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*Loans are subject to credit approval.

Frequently Asked Questions (FAQ’s)

Q.  What do I need to apply for a loan?  
A.  Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral 
     information.
A.  Information about your business such as: 
              Business Name and Address 
              Type of business organization and year established 
              Business Tax ID number 
              Number of employees
A. Information about each Business owner such as: 
              Name, Home Address, Social Security Number, Title, Ownership Percentage 
              Personal Financial Statement and most recent Tax Return of each owner 
              Government issued photo ID (Driver’s License, US Passport, or a state-issued ID)- - maybe 
                  requested for verification purposes 
              Copies of the last three years business tax returns.
 
Q. How does the bank determine if you qualify for a loan?  
A. The Five C’s of Credit are general guidelines most banks use to determine credit worthiness. 
     The Five C’s of Credit are as follows:   
                Capacity – repayment of the loan (most critical) and personal credit history. 
                Capital – amount of money you have personally invested. 
                Collateral – form of security for the loan also the secondary source of repayment if business 
                    cannot pay loan. 
                Conditions – intended purpose of the loan. 
                Character – personal impression you make with your potential lender.

Q. What financial information will I need to submit annually if approved for a loan? 
                
Personal Financial Statement 
                Corporate Tax Returns and/ or CPA prepared financial statements 
                Personal Tax Return of borrower or guarantor.