Business Lending Options
Take a minute to review our summary of business lending options and see the many ways Bradford Bank can help businesses like yours.
Lines of Credit
Asset Based Line of Credit
Commercial Term Loans
Commercial Real Estate Loans
Not For Profit Financing
Lines of Credit
Business Needs
» Ready access to funds - credit is pre-approved
» Structure to match the conversion of assets to cash for repayment
» Source of liquidity that uses business assets as collateral
» Pre-approved borrowing limits from $ 100,000 to $ 4 million
» Approved and reviewed annually
» Minimal financial reporting required
» Interest only feature with principal payments as inventory and receivables are
converted to cash
Typical Application Requirements
» Application
» Personal financial statement
» 2 years' business / personal tax returns
» 3 years' business financial statements
Asset Based Line of Credit
Business Needs
» Ready funding for account receivables' growth
» Finance seasonal inventory purchases
» Business acquisitions, turnarounds and balance sheet restructuring
» Credit availability from $ 300,000 to $ 4 million
» Approved and reviewed annually
» Flexible borrowing base reporting
» Interest only feature with principal payments as inventory and receivables are
converted to cash
Typical Application Requirements
» Application
» Personal financial statement
» 2 years' business / personal tax returns
» 3 years' business financial statements
Commercial Term Loans
Business Needs
» Specific amount for a specific time
» Financing for intermediate or long-term assets; amortization to match the economic
life of the asset
» Acquisition or merger financing
» Flexible term amortization up to 7 years
» Financing up to 80% of cost on equipment
» Financing available for used equipment
» Equipment eligibility includes vehicles and heavy machinery
Typical Application Requirements
» Application
» Personal financial statement
» 2 years' business / personal tax returns
» 3 years' business financial statements
Commercial Real Estate Loans
Business Needs
» Financing to build, buy or refinance
» Specialty financing in acquisition, development, construction lending
» Repayment terms up to 10 years
» Amortization schedule up to 25 years
» Fixed or variable rate loans
» Automatic payment options
Typical Application Requirements
» Application
» Personal financial statement
» 2 years' business / personal tax returns
» Property appraisal
» Title option or title insurance
Not For Profit Financing
Business Needs
» Financing for projects
» Repayment terms of 1 to 3 years
» Amortization schedule up to 25 years
» Fixed or variable rate loans
Typical Application Requirements
» Application
» Business history, at least 5 years
» 2 years' business / personal tax returns
» Reviewed financial statements
» Property appraisal
