Community Bank offers a number of different loan products specifically designed to meet the needs of your business. Whether you need equipment financing for machinery, working capital to help you with day-to-day operations or a loan for capital expenditures to enhance the long-term viability of your company, you can be assured that your credit needs will receive prompt, personal attention from our experienced staff.
Community Bank can provide loans guaranteed by the Small Business Administration (SBA) for new and established businesses. We also provide international trade financing to increase sales or acquisition of goods from abroad. We will work with you in preparing the necessary application materials, and we will let you know our credit decision promptly upon receiving your completed application.
Community Bank knows that as a business owner, you want to enjoy the fruits of your labor. One way we help you achieve your goals is through our Employee Stock Ownership Plan (ESOP) Lending program. The establishment of an ESOP is a viable option for the principals of many privately owned companies when they are contemplating divesting themselves of all, or a portion, of the company.
For more information about Community Bank Business Loans, contact your Relationship Manager, complete a contact form or call Community CentralSM at 1-800-788-9999 to be directed to the nearest Community Bank Business Center.
Tools to Build Your Future
Community Bank has always been committed to helping our customers capitalize on their real estate needs and opportunities. That’s why we offer a variety of Commercial Real Estate Loans in flexible amounts with competitive terms and rates.
Loan Product Types
Our Commercial Real Estate Group offers the following types of real estate loans:
- Interim Financing (for completed structures)
- Rehabilitation Loans
- Tenant Improvements
- Lines of Credit
Community Bank finances many different property types. Here are just a few examples:
- Multi-Family (5 units or more)
- Commercial Office
- Self-Storage Facilities
- Mixed Use
We offer a variety of terms depending on the loan type:
- Bridge Loans – up to 3-year maturities
- Mini-Perms – up to 10-year maturities. Longer terms will be considered on a case-by-case basis
Community Bank will advance up to 70% of the purchase price or the appraised value (as determined by the Bank) for most properties. Loans will also be subject to a minimum debt service coverage ratio (as determined by the Bank). Market and other factors may impact the maximum advance rate and/or minimum debt service coverage requirement on individual properties.
Community Bank offers both variable and fixed rates:
- Variable rates – based on Prime Rate or LIBOR
- Fixed rates – based on Treasury Note Rates and LIBOR Swap Rates
Loan fees are custom tailored to the individual transaction.
Community Bank offers competitive amortization terms on a case-by-case basis (usually 25 years but not to exceed the useful life of the property); 30-year amortization is allowed for Multi-Family properties.
We require a perfected first trust deed on the property to be financed.
We have just a few other requirements:
- All loans are subject to Community Bank’s customary due diligence, underwriting, credit approval, documentation
- The borrower covers all out-of-pocket expenses, including documentation, environmental reports, appraisals, etc.
Contact us with your questions: (626) 568-2024.
Community Bank has offered equipment and machinery financing since 1945 to manufacturers, distributors and contractors. We understand the machine tool business and are familiar with most equipment being purchased today. Because of our knowledge, we are able to provide the best loan terms at competitive rates.
Quick response time, flexible terms and competitive rates have allowed us to capture a significant share of the Southern California market. We know the business thoroughly, so we can offer fast loan approvals.
Secured loans are available for the purchase of new or used industrial equipment and machinery for your business.
Community Bank has significant specialty areas of lending experience, including machining, fabricating, injection molding, printing, transporting and earth-moving equipment.
Terms of up to 84 months are available, not to exceed the useful life of the equipment.
Community Bank will advance up to 85% of the purchase price, taxes and installation costs or the appraised value (as determined by the Bank). Market and other factors may impact the advance rate on individual pieces of equipment.
Community Bank offers both variable and fixed rates:
- Variable rates – based on Community’s Bank’s reference rate or LIBOR
- Fixed rates – based on the Bank’s cost of funds or Treasury Bill rate
Community Bank offers several types of working capital loans to help you with the ongoing operation of your business.
Lines of Credit
Lines of credit are designed to help finance your short-term borrowing needs, and to provide working capital to help smooth out temporary or seasonal cash flow fluctuations. Lines of credit allow you the flexibility to borrow against your line and repay without a fixed schedule. These lines have a variable interest rate, typically based on the Bank’s prime rate or LIBOR. We may also require collateral to secure your line of credit.
Accounts Receivable (A/R) Lines
These lines are secured by your account receivables and can give you much greater flexibility in managing your company’s cash flow. Community Bank offers advance rates of up to 80% of eligible receivables (as determined by the Bank). A/R lines have a variable interest rate.
We offer everything from letters of credit to foreign accounts receivable financing to export working capital facilities in order to help you with your trade-related transactions. Click here for more detailed information about Community Bank’s comprehensive international trade program.
Small Business Administration (SBA) loans are available to provide financing for your business. Loan proceeds can be used for equipment purchases, working capital, inventory acquisition or debt restructuring. Loans under this program are guaranteed by the federal government and have very specific qualification criteria. Community Bank is an SBA Preferred Lender, which allows for faster processing of your loan request. Click here for more detailed information about our SBA lending program.
Community Bank’s expertise and financial resources allow us to structure financing solutions to finance diverse business situations. Asset based lines of credit provide immediate funds for ongoing cash flow based on a percentage of the value of your company’s assets. Pledged assets used to secure lines of credit include commercial accounts receivable, inventory, business equipment and real estate.
Uses of Asset Based Lines of Credit
- Purchase larger amounts of inventory to utilize supplier discounts
- Provide working capital during the non-peak season
- Issue Letters of credit
- Manage your day-to-day operations
How an Asset Based Line of Credit Works
Community Bank structures a business revolving line of credit based on a percentage of qualifying asset classes. You may draw on your line of credit whenever needed and pay down to increase availability of funds for future use. The availability of credit on your line will increase with your sales, accounts receivable and inventory growth providing you additional cash flow as needed.
You only pay interest on the funds you’ve drawn. Asset based lines of credit are generally cost effective and competitive relative to other financial options. Overall it’s less expensive than a term loan.
Learn more about how Asset Based Financing can help your business. If you are already financing these assets, allow us the opportunity to talk to you and see if we can improve upon your present arrangement. Community Bank has the experience and lending experts to custom tailor an asset based Line of Credit around your company’s specific assets and financing needs.
Community Bank can help your business with the capital you need to grow and sustain your business. Whether through a term loan, a commercial real estate loan to finance the purchase of a new building, or a Small Business Administration (SBA) loan, Community Bank will work with you to improve your business.
Term loans are typically used for the acquisition of capital assets or to meet long-term working capital needs. These loans can be amortized over terms up to five years, with monthly payments of principal and interest. The assets of your company are used as collateral for term loans.
Construction/Real Estate Loans
Whether you intend to purchase, build or upgrade a building or property, chances are we can help you with the financing through our construction and real estate loan programs.
Small Business Administration (SBA) loans are available to provide long-term financing for your business. Loan proceeds can be used for business expansion, commercial real estate purchases or refinances, or debt restructuring. Loans under this program are guaranteed by the federal government and have very specific qualification criteria. Community Bank is a SBA Preferred Lender, which allows for faster processing of your loan request.
Community Bank’s comprehensive range of international banking services allows businesses to meet all of their import and export financing needs in one place. Community Bank provides businesses with direct access to international trade expertise to develop business solutions specifically tailored to your company’s needs and to assist with structuring both import and export trade transactions. Our competitively priced services are designed to accommodate your international requirements while safeguarding your interests.
For those times when you are called upon to provide security for open account purchases or bid on performance bonds for domestic or international contracts or other obligations, our specialists stand ready to provide the consultative expertise you need to structure standby letters of credit that will facilitate transactions while protecting your interests.
Community Bank offers foreign exchange services for your international trade requirements. We can assist you with both spot and forward contract requirements to hedge against currency exposure in most major currencies. We understand the risks associated with foreign-denominated trade transactions and can advise you on alternatives to protect you against currency fluctuations.
International Money Transfers
Community Bank can help you remit funds to a foreign country for either business or personal reasons. By means of international money transfers, we remit funds internationally in U.S. dollars or in foreign currencies. We help you select the service that will meet your requirements, while ensuring that the beneficiary in the foreign country receives payment as soon as possible.
Click the link below to gain access online to Community Bank Foreign Exchange.
Import Letters of Credit
Community Bank will provide import letters of credit in U.S. dollars and all major currencies. We provide prompt delivery of your letters of credit to the seller and make sure the documents comply with the terms of your letter of credit. Both sight (immediate payment) and usance (extended terms) letters of credit are offered.
Import Documentary Collections
For established supplier relationships, import collections provide an added dimension to your payment options that may decrease costs while controlling risks to acceptable levels. Community Bank’s service covers sight payments (Documents Against Payment – D/Ps) and term payments (Documents Against Acceptance – D/As).
Shipside Bonds/Air Releases
In cases when your goods arrive before the shipping documents, you do not need to wait to claim your goods. Community Bank can help by issuing a ship-side bond or air release on your behalf against which the goods will be released to you.
Import Lines of Credit
Our lending specialists will work with you to develop financing arrangements based on a thorough understanding of your company’s unique trade cycle and vendor relationships.
Export Letters of Credit
When you use export letters of credit to receive payment for your goods, Community Bank can help you comply with the terms and conditions and ensure that you receive payment as soon as possible. We will assist you in designing your letter of credit issuance instructions and evaluate terms before the letter of credit is issued. We can also help you accelerate the preparations for shipment by notifying you as soon as your letter of credit has arrived.
Transferable Letters of Credit
You can avail yourself of Community Bank’s long experience with transferable letters of credit, allowing you to utilize your buyer’s bank credit facility to your advantage. You can negotiate purchases from your supplier under transferred letter of credit terms and the transfer does not even require you to establish a credit facility with Community Bank.
Instruction to Pay Proceeds
As an alternative, when letters of credit issued in your favor are not transferable, you may be able to arrange for your supplier(s) to accept a designated amount of the proceeds drawn and paid under your letters of credit through Community Bank’s instruction to pay proceeds.
Export Documentary Collections
For established buyer relationships, documentary collections represent a payment alternative that may decrease costs while keeping risk of non-payment within acceptable levels. Community Bank provides prompt delivery of documents to the collecting bank and fast receipt of payment. Our services ensure that your documents are presented to the overseas buyer quickly and accurately.
We expedite receipt of payment by tracing documents promptly and regularly to ensure that funds are credited to you as soon as possible. We will also help you with special handling arrangements, allowing you to retain control of title documents while protecting your interest in the transaction. Community Bank’s service covers sight payments (Documents Against Payment – D/Ps) and term payments (Documents Against Acceptance – D/As).
Standby Letters of Credit
When the use of a standby letter of credit (domestic or international) may facilitate your business transaction, Community Bank can help you structure terms that meet your needs. We can issue standby letters of credit in all major currencies and structure drawing procedures to satisfy your objectives. Community Bank will arrange for your standby letters of credit to be delivered throughout the world accurately and in a timely manner.
In those situations when your foreign projects require a bank guaranty issued by a bank in the foreign country, Community Bank can facilitate the transaction by arranging for the issuance of your standby letter of credit to back a counter-guaranty issued by an acceptable foreign correspondent bank.
If you would like to learn more about Community Bank’s international trade services, call any of our Banking Center locations at 1-800-788-9999 or our International Banking group at 1-626-974-1232.