LOANS

BUSINESS LOANS

It is very important to have a team of local bankers that know and understand your business and vision.  All businesses, by nature, are different and have distinct financing needs.  Founders Community Bank has a seasoned team of lenders that have the ability to review a business on an individual basis, understand their needs, and offer solutions that will enable the business to attain its’ financial goals.

 

EQUIPMENT LOANS AND LINES OF CREDIT

Expansion of a business often creates the need to replace and/or expand fixed assets.  Your need may be to purchase office equipment, manufacturing equipment, heavy farm equipment, vehicles for business use or other types of specialized equipment.  Equipment acquisitions can be financed by either a line of credit or a term loan for specific equipment.  A member of our lending team will consult with you to assist in determining the most appropriate solution.  Ascertaining the proper solution is critical to ensuring your continued success and competitiveness in the future.

 

REVOLVING LINES OF CREDIT 

Planning for the future, whether it is for expansion of your business or continuation of your current growth, can often be made possible with the use of a line of credit.  Growth often means change in the cash flow cycle of a business and having a tool like a pre-approved line of credit can assist in this transition.  The line is repaid with minimum monthly payments of interest on the outstanding balance, and the principal outstanding at maturity.    

 

COMMERCIAL CONSTRUCTION LOANS

Interim loans to finance the construction phase of commercial and industrial projects are available at Founders Community Bank.  Programs to satisfy the needs of specific projects can be tailored by our seasoned lending team.  This often requires temporary loans, “lot or land loans,” to assist in the acquisition of the land during the early stages of planning leading to the actual construction phase.

 

COMMERCIAL REAL ESTATE LOANS

If your business plan includes the expansion of the current facility, construction of an additional building, or the relocation of your business and purchase of a new building, Founders Community Bank can be part of the solution.  We offer a variety of real estate financing options that have been designed as solutions to these expansion needs.  The answer may be temporary or permanent financing, and at Founders Community Bank we offer both solutions.  More complex plans occasionally require the need of a “bridge loan” to assist in the transition of ownership equity from one property to another.

 

SMALL BUSINESS ADMINISTRATION “SBA” LOANS  

   

Expanding a business or financing the purchase of an existing small business often presents complex financing needs.   Often these needs are more complex than those of much larger or more seasoned businesses.  A Small Business Administration government guaranteed “SBA 504” loan can be the solution.  This option has the potential to lower the down payment and provide greater flexibility in payment amortization, thus assisting you in keeping more capital available for your business.

 

CONSUMER LOANS

As individuals we are confronted daily with needs, some of which require immediate action and others offer time for planning and execution.  The need to be responsible for your personal finances is ever present and we have a variety of lending products to satisfy those needs and plan for the future.

 

PERSONAL LOANS

Term loans, both secured and unsecured, are available to meet a variety of personal needs.  Whether your need is for unexpected medical expenses; automobile, boat or recreational vehicle purchases; or other personal needs, we have loans with a variety of repayment terms.

 

PERSONAL LINE OF CREDIT

A revolving line of credit can enable you to plan ahead for personal expenses or needs.  With a line of credit in place, your purchasing power is enhanced to cover what you need, when you might choose to acquire it.  The revolving line is typically repaid with monthly payments of interest-only on the outstanding balance, and the principal outstanding repaid on or before maturity.   

 

HOME EQUITY LOANS

A home equity loan can provide you the ability to utilize the equity in your home to further enhance your home with remodels or additions like swimming pools or spas.  Using your equity also provides additional purchasing power for vacations, children’s education, a new car or boat, a recreational vehicle and others needs.  The loan will provide you with a specific loan payment.  In many instances you may enjoy an income tax deduction as well (your tax advisor should always be consulted).

 

HOME EQUITY LINES OF CREDIT

Similar to the Home Equity Loan, a revolving home equity line of credit can increase your purchasing power.  This financing option provides the ability to leverage your home's equity to borrow, repay and re-borrow the funds on an extended basis.  This also provides the ability to quickly meet needs as they arise and plan for the future.  The revolving line is repaid with monthly payments of interest-only on the outstanding principal balance, with the outstanding principal balance due on or before maturity.    In many instances you may enjoy an income tax deduction as well (your tax advisor should always be consulted).

 

RESIDENTIAL REAL ESTATE LOANS

Founders Community Bank offers a variety of the standard real estate loan options to complete the purchase or refinance  of a residence (including 1-4 units).  Additionally there are products available for the purchase or refinance of second homes and investment properties.  Our pricing is competitive, with our most popular option being the “No Closing Costs” products.  We also offer “bridge loans” secured by your real estate that allow you to leverage an existing residence to complete the purchase of a new residence.

 

RESIDENTIAL CONSTRUCTION LOANS

Interim loans to finance the construction phase of a residence (owner occupied, second home or investment) are available.  Programs to satisfy the needs of specific projects can be tailored by our seasoned lending team.  This often necessitates temporary loans, also known as “lot or land loans,” to assist in the acquisition of the land during the early stages of planning prior to the actual construction phase.