Lines of Credit
Utilized by many businesses that need short-term working capital, a line of
credit allows your company to borrow against an established credit limit. The
money borrowed is payable on demand, and interest rates are usually tied to the
Prime Rate.
Government Loans
New Era Bank offers loans in conjunction with lending programs developed by
federal, state, and local governments. Often times these programs provide
financing that would not be available through traditional term loans. The best
examples of such loans are those made by the USDA and the Small Business
Administration. Whatever your business situation is, New Era Bank has the
expertise to help you determine the best loan for you.
Term Loans
New Era Bank has a term-loan program that will help your business continue to
grow. We will loan you a specific amount of money that has a specified repayment
schedule and a floating interest rate. A term loan is generally utilized by
businesses to finance long-term assets, such as equipment, buildings, leasehold
improvements and working capital. |
