Commercial lending here works the way it used to everywhere: local decision making, local servicing, and loans that stay with the bank. Here is how the process runs.
1. Determine your eligibility
Before beginning your application, make sure you meet the basic eligibility requirements. A quick call to a commercial lender settles this in minutes.
2. Prepare a business plan
A business plan sets milestones to measure success and positions you within your industry, and it gives your lender an accurate picture of where the business is headed.
3. Gather the documentation
Having documents ready is the fastest path to funding. The most commonly requested:
- Personal and business tax returns
- Personal financial statements
- Profit and loss statement
- Balance sheet
- Collateral information
4. Fill out your loan application
Your lender walks through it with you, at the branch.
5. Hear back from people who decided locally
Decisions are made by our own experienced commercial lenders, not sent away.
Planning the numbers first? Try the business loan, line of credit and working capital calculators.
Talk with a commercial lender
Contact your local branch in Greenville, Hermitage, or New Wilmington and a lender will help customize a loan for your business needs.
