Business Credit Products

When you need a commercial banker, you need one that's flexible and ready to provide you solutions to help your business grow. Whether you are expanding an existing business or starting a new venture, Resurgens Bank has seasoned business bankers who work with you to develop a loan for your unique needs with the prompt service you should expect. Because your business success is our greatest achievement, we offer a wide variety of business products and services such as:

 

Business Expansion

Resurgens Bank can provide financing to assist with acquisition of another company or buyout of existing shareholders. Loans generally range from 3 years to 7 years with principal and interest payments due monthly.

 

Commercial Real Estate

If you are looking for financing for the construction or purchase of commercial real estate, our experienced commercial bankers will work with you one-on-one to find the ideal solution to meet your financing needs. We offer creative and customized solutions for a variety of commercial real estate property types.

 

Construction

For builders or home owners seeking to build residential homes, Resurgens provides construction loans. The loans are often structured as 12-month construction phase loan with interest-only payments. Draws on the line are generally monthly and construction progress is inspected by a third party inspector prior to funding the draw request. For builders, Resurgens provides construction financing for both speculative and pre-sold homes.

 

For developers looking to develop lots for residential construction, we selectively provide financing for such projects.

 

Equipment Loans

Resurgens Bank has financing to provide you with that next piece of equipment or asset for your company. Loan terms can often be set to correspond with the life of the asset and repayment can be structured to optimize your cash flow.

 

Working Capital

We offer flexible and revolving lines of credit that can be structured to meet the specific needs of your business. Lines of credit are a convenient way to finance seasonal cash needs, receivable or inventory financing or other short term cash flow needs. These loans are typically 12 months and reviewed annually.

 

SBA Loans

In participation with the U.S. Small Business Administration (SBA), Resurgens is committed to meeting the financing needs of small businesses. There are a number of financing programs available that provide flexible terms to businesses. The general overview of the two primary programs include:

 

  • Purchase, refinance, construction, or renovation of owner-occupied commercial real estate
  • Purchase and installation of long-life machinery and equipment.

 

  • Real estate purchase, construction, renovation or refinance of commercial real estate. Majority of space must be owner-occupied
  • Business acquisition business, franchise or professional practice
  • Machinery & equipment - purchase or refinance
  • Start-ups includings many franchised businesses