Business Loans



BUSINESS LOANS

Regardless of what type of business you own or manage, we can help by providing the services the big banks offer with the added reassurance of knowing that we make LOCAL decisions, offer LOCAL financing and LOCAL servicing. Finding the right loan to meet your business needs can be difficult. They don’t all come in one size or shape, and our Lending Officers realize that. When you need us, we’re right here where we have been since 1923, offering various options for your lending needs.

Contact us today to get started

START-UP BUSINESS

Looking to start a new business and need financing? Our loan decisions are made locally by people who understand what starting up a business is all about. We offer flexible terms, competitive rates, and unmatched customer service. Our lending staff understands the unique requirements of your small business and will assist you in every way possible to see your dreams come true.


REAL HELP FROM REAL PEOPLE


EQUIPMENT LOANS

Is your equipment old, worn out, and needs to be replaced?

Maybe you just need a new piece of equipment?

We can help you with the financing!

We offer equipment and machinery loans to meet the various needs for your business.


LOAN TERM

Equipment Loan terms of 3 to 7 years are most common.


EQUIPMENT TYPE

New or used equipment, we have terms ranging from months to years, that are based on the remaining usable life of the asset.


PAYMENT TERMS

Monthly, quarterly, semi-annual and annual payments are all available to match your income stream.


DOWN PAYMENT

Our down payment requirements can be met from cash or equity in other assets that can be taken as additional collateral.

Keep control of your financial health with our Debt to Income ratio calculator.

DTI Calculator

BUSINESS REAL ESTATE LOANS

Business Real Estate Loans are for the business owners looking to purchase new or finance existing commercial real estate. We offer various loans to meet the needs of your business.

We take great pride in making local decisions for our communities; let us provide the financing for your business today!

LINES OF CREDIT

A business line of credit is a loan up to a specified amount that you can draw funds on for the business. The advantage of a line of credit is you pay interest on only the amount you draw. Your line of credit can be secured or unsecured with several repayment options. Open a Welch State Bank checking account and we can transfer the money for you at your convenience. A business line of credit is a great way to:

IMPROVE CASH FLOW

PURCHASE NEW INVENTORY

PURCHASE NEW MATERIALS

PURCHASE NEW EQUIPMENT

SBA LOANS

As an SBA lender, we can help your business grow with several types of SBA Loans. SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, or supply working capital for ongoing financing needs. SBA loans make it possible to qualify businesses more easily and provide them with more flexible terms than conventional loan options, letting you preserve working capital for other expenses. Qualifying for an SBA loan is easier than qualifying for other loans. First, the SBA allows higher loan-to-value ratios. Depending on your loan request, you may be able to borrow up to 100% of your financing needs. Secondly, we can potentially offer longer finance terms with different payment options. This may be especially advantageous if your business is growing rapidly.