| Use: |
An
amortizing term loan may be used for specific equipment
purchases, refinancing existing debt, or other long-term
capital requirements.
|
| Loan
Amounts: |
Up
to $3,000,000. Some limitations apply based on size and
type of business,
collateral, and down payment.
|
| Terms: |
Up
to seven years. Term depends on collateral and use of funds.
|
| Interest
Rate: |
Adjustable;
floating with CB&T’s Prime Rate. Rate to be determined
in part based on overall risk factors of the applicant.
|
| Loan
Fees: |
One-time
loan fee of 1% of loan amount; minimum $125.
Other closing costs will be charged as applicable to perfect the Bank’s
collateral
position. Late charges will also apply. |
Please call 1-800-585-1722 for the name of the
Business Banking Specialist in your area.
|
