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Types of Commercial Loans

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  • Building acquisition & Rehab
  • Construction/renovations
  • Lines of Credit (working capital)
  • Retail loans
  • Equipment loans
  • Vehicle loans
  • Letters of credit (100% cash secured)
  • Small Business Loans (SBA)

Commercial Loan Terms

Line of credit (minimum $25,000)

  • uses: working capital, payroll, inventory
  • borrow and repay like a credit card
  • 1-year maturity, interest due monthly
  • 30-day period loan must be -0-

Term Loan

  • uses: equipment, vehicle, furniture
  • repay 3, 5, 7, 10 years, principal and interest

Commercial mortgage

  • uses: building, renovations, construction
  • 5-year term, 15-20 year amortization
  • monthly principal and interest

Visit us in one of our branches, via telephone at 443-923-0577, or by email at BusinessLoans@theharborbank.com to learn more.