Business CashLine
Term Loan
Use:
- The Business CashLine TermSM Loan offers you financing for business purchases with the security of having a predictable repayment schedule. 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
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.
Please contact the nearest branch in your area for more information.