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Commercial Loans

At Springfield State Bank, we realize that every business and each loan request is unique.  Whether you are purchasing equipment, expanding your business, exploring a new venture, renovating, or building, Springfield State Bank has the expertise to structure a loan, establish a line of credit, or offer credit options to meet the needs of your business.

Being the only locally owned bank in Washington County, Springfield State Bank understands the importance of doing business locally, and we are committed to serving our community.  Here are some of the benefits of getting your loan at Springfield State Bank:

  • Competitive Rates
  • Quick Approval – all decisions are made here
  • Experienced professionals who know how to best structure loans for your situation
  • Closing at your most convenient branch
  • Highly personal service
  • Automatic debit available from your account here or from another bank
  • Track your loan via internet or mobile banking
  • Flexible Payment Terms

The lending professionals at Springfield State Bank will work with you to structure a financial package that best meets the needs of your business.  Each commercial loan is specifically designed to maximize your business potential.  Springfield State Bank’s commercial loans include but are not limited to:

Commercial Term Loan

If you need to purchase or refinance a business asset, you may need a commercial term loan.  Term loans can help finance intermediate or long-term fixed assets, such as equipment, improvements, acquisition, or permanent working capital.  Loan terms will generally match the economic life of the financed asset(s).

Commercial Line of Credit

The flexibility of a line of credit allows you to meet your short-term operating needs and support seasonal cash flow fluctuations.  Once the credit line is established, you will have quick access of funds up to your approved credit limit.  Advances can be deposited into your checking account with the ease of a phone call or other prearranged method.  Renewals are subject to annual financial reviews.

Commercial Real Estate Loan

If you are purchasing or building a new facility, or improving or expanding existing property, then consider our Commercial Real Estate Loans.  Competitive rates and flexible terms are available based on current market conditions and other criteria.

Construction Loans

Construction loans are available at Springfield State Bank for building your commercial property.  Inquire with one of our loan officers to determine what is needed to build your new facility!