Construction Financing
Construction financing can provide you with additional funds to modernize your existing facility, or build a new one from the ground up.  Whether you own your own building and need an addition; or you have grown out of your current space and need more room to expand, we can help. 

Equipment Financing
An emerging business may require long term assets to support their growth and profitability.  Technology continues to evolve and provides opportunities for further efficiencies.  We can provide you with the solution to meet the fixed asset needs of your organization.

Letters of Credit
International trade continues to grow and Letters of Credit are used to support payments to overseas vendors.  Letters of Credits are also used in the Land Development process to insure public improvements are built in accordance with municipal standards. We provide Import/Export, Commercial and Standby Letters of Credit.

Small Business Administration (SBA)
Small Business Administration loans are a great tool for business that are not eligible for conventional business lending, or need additional credit enhancement.  Summit Community Banker’s have extensive experience in SBA lending and offer the following SBA programs.

SBA Express
This Program provides an SBA guarantee for up to 50% of the loan balance up to a maximum dollar amount of $250,000.  Revolving lines of Credit have terms up to 3 years and term loans up to 5 years.

SBA 7 (A) Program
The 7(A) Program provides an SBA guarantee for up to 85% on loan amounts of $150,000 or less, and 75% guarantee on loan amounts of $150,000 or more.  The SBA loan guarantee can not exceed $1,500,000.  Terms for working capital loan are up to 7 years, equipment loans up to 10 years and real estate loans up to 25 years.

SBA 504 Program
The SBA 504 term loan program offers Borrowers long term fixed rate financing at attractive rates on the SBA’s portion (40% of balance) of the loan.  Usually used to purchase land, building and equipment this is an attractive program for borrowers who prefer to preserve their cash, rather than inject a traditional down payment.