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COMMERCIAL LOANS
Commercial financing is available for business purchase as well as refinance of existing financing. In addition, the business term loan is available for a variety of other business needs.
- Term of up to 7 years due with up to 10 years amortization.
- Rate is variable and based on the Prime Rate.
- Available to small and medium sized businesses in a variety of industries.
- Available for new business purchase.
- Existing Debt Refinance.
- Variety of other business needs.
- Eligibility will be determined by satisfaction of established Bank guidelines.
COMMERCIAL BUSINESS LINE OF CREDIT
Business Lines of Credit can be used for working capital as well as cash flow management for ongoing operational expenses, seasonal purchases, as well as purchase of business equipment. Lines of Credit are granted to businesses and are based on established credit criteria.
- 12 month term, revolving annually.
- Rate is variable and based on the Prime Rate.
- Renewals of lines of credit are based on satisfactory usage of the existing BLOC, and are determined on an annual basis.
- Eligibility will be determined by satisfaction of established Bank guidelines.
COMMERCIAL REAL ESTATE LOANS
Saehan Bank offers Commercial Real Estate Loans for the purpose of purchase or refinance of commercial real estate which are either owner occupied or for investment purpose.
- Term of up to 10 years due, 25 years amortization for 1st Deed of Trust.
- Rates are variable or fixed and based on the Prime Rate.
- Owner occupied or investment purpose purchase or refinance.
- Eligibility will be determined by satisfaction of established Bank and appraisal guidelines.
- Types of eligible Commercial Real Estate:
- Apartments
- Office Buildings
- Shopping Centers
- Offices/Warehouses
- General Purpose Industrial Buildings
- Motels/Hotels
- Medical Clinics
- Mixed Use
- Churches
- Other Single Purpose Buildings
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