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Business
CashLine Term Loan
Use:
· The Business CashLine Term Loan offers you financing
for business purchases with the security of knowing a fixed payment
amount and repayment term. The loan is ideal for permanent working
capital or financing business growth.
Loan Amounts:
· Up to $250,000; Minimum $10,000. Some limitations apply
based on size and type of business.
Terms:
· Up to 5 years.
· Up to 7 years with SBA Express guarantee.
Interest
Rate:
· Adjustable; floating with CB&T's Prime rate. Rate to
be determined based on overall risk factors of the applicant.
Loan Fees:
· One-time loan fee of 1% of loan amount
· Late charges will also apply
Other Criteria:
· Business must be profitable.
· Personal guarantees of all principals with 20% or more
ownership in the business.
· Acceptable credit histories.
· Business and personal financial information required for
credit requests greater than $50,000.
· Collateral required for credit requests greater than $100,000.
· Other limitations apply.

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