Your Business, Your Terms. Explore Commercial Loans Tailored To Your Vision.

Whether laying the foundation of a new venture or scaling up an existing one, obtaining the right financing is crucial. At Crews Bank & Trust, we strive to meet the needs of our communities and since 1929 we’ve been doing just that. 

In this blog, we’ll break down the basics of different commercial loans to provide the knowledge you need before making your next business decision.

Commercial Real Estate Loans

Use for: Commercial Real Estate 

• Industrial Office / Warehouse Flexspace
• Offices
• Healthcare
• Multi-Unit Properties
• Income Producing Properties

When it comes to expanding your business’ physical footprint or investing in property, commercial real estate loans are a vital tool.

A commercial real estate loan is a type of financing that businesses use to purchase, renovate, or refinance real estate that is used for the borrower’s business operation, or property that generates income. Unlike residential loans, commercial loans are granted to business entities and involve larger amounts, custom terms, and require underwriting that is tailored specifically to the loan’s purpose and nature of the planned repayment. This can include operational cash flows, cash flow cycle analysis, property cash flows and credit profiles of the sponsors of the principals involved.

Here at Crews, we know that the interest rate environment is elevated, causing some business owners to pause future growth and expansion. Our goal is to make it easy to get the property you’ve been eyeing with our Buy Now, Refi Later program. Secure the property that will grow your business now with the knowledge that if interest rates recede you can reset the interest rate of your loan easily for a very low cost of $500*! Unlike many banks, Crews Bank & Trust invests with your business for the long term. We’ve made this process as easily as possible; there will be no new appraisal, environmental, or title work in order to execute your rate reset.

*Terms and conditions apply, see here for all the details.

Term Loans

Use for: Equipment

• Vehicles
• Industrial Equipment
• Leasehold Improvement

Term loans are a way to ensure your business has the equipment it needs without depleting your cash reserves. A term loan is a lump sum of capital that a bank lends to a borrower under specific repayment terms. These loans are typically used for acquiring fixed assets the business needs to generate income and sustain growth. The repayment schedule is fixed in terms of amount and duration, which usually ranges from one to ten years, depending on the nature of the asset and purpose.

Business Lines of Credit

Use for: Cash Flow

• Business Expansion
• Working Capital 
• Fast Access to Funds for Acquisitions

A lack of working capital is often the biggest constraint to a business’ ability to expand or grow their customer base and top line revenue. A business line of credit is a revolving fund that businesses can draw from as needed, rather than receiving a lump sum like a term loan. It provides a predetermined credit limit that you can access immediately. Unlike traditional loans, you only pay interest on the amount you use, making it an efficient tool for managing cash flow fluctuations and seasonality.

Specialized Loans

Use for: Particular Borrower Needs

• HOAs
• COAs
• Non-profits

A specialized loan is a financial product created to serve the specific needs of certain businesses or organizations that might not be addressed by traditional financing options. These loans consider the challenges and documentation requirements faced by entities such as HOAs, COAs, and non-profits. By tailoring financial solutions, Crews Bank & Trust ensures that these groups receive the support necessary to manage their capital effectively.

How to Qualify for a Commercial Loan

Securing a commercial loan is a significant step toward advancing your business or expansion goals. At Crews Bank & Trust we have local commercial bankers that can guide you through the process from the beginning to the end, and we strive to make the process as easy as possible.

Tips for Improving Your Chances of a Fast Approval

Commercial business loans are crucial to advance your business forward—and a rejection can set you back significantly. Here are some tips to strengthen your application and boost your chances of approval:

1. Organize Financial Documentation: Keep your financial documents accurate and up to date. Well-organized records will speed up the underwriting process and will expedite the transaction significantly.
2. Forecast the Future: Preparing a business plan for your expansion or the nature of your request will give you a head start in the process. One of our Commercial Bankers can assist you with the thought process of building a business or expansion plan.
3. Consult with a CPA: A CPA can provide insights into improving your financial competency and help tailor your financing request to the terms that best fit your needs.

Why Choose Crews Bank & Trust for Your Commercial Loan?

We opened our doors in 1929 and have a history of being guided by steadfast banking principles. Our experienced team brings a wealth of knowledge and a personalized approach to each client relationship. This expertise ensures that we understand the unique challenges and opportunities within various industries, allowing us to craft lending solutions that are not just effective but also adaptable to your business's evolving needs.

Choosing Crews means gaining access to a suite of unique benefits and services designed to support your business growth:

• Customized Loan Options: Whether you need a short-term working capital loan or long-term financing for major expansions, we offer a range of products tailored to meet your specific requirements.
• Competitive Rates and Flexible Terms: We understand the importance of affordability and flexibility in financial planning, which is why we provide competitive interest rates and terms that can be adjusted to match your cash flow patterns.
• Streamlined Application Process: Our application process is designed to be as straightforward and efficient as possible, minimizing delays so you can focus on your business rather than on lengthy paperwork.
• Dedicated Support: You’ll be assigned a Banker that is local and accessible. Our Bankers are effective, communicative and direct. You’ll be able to call or text their mobile phones and get a response – from a live local intelligent human being – not a machine.

With Crews Bank & Trust, you're not just making a transaction; you're partnering with a financial ally committed to your business' success.