Small Business Loans from Colonial


Is your ultimate goal for 2018 to finally start your own business? Is it time to be your own boss and pursue your passion? Or maybe it’s time to take your growing business to the next level. Colonial can help. Colonial offers a number of business loan solutions for our customers. We’re all about your success, which is why our rates are competitive and our application process is easy. Below we have an overview of some of our popular business loan programs.We’re a few weeks into 2018 and hopefully you’re off to a great start. Unlike nearly 80 percent of the country, you’re still maintaining your New Year’s resolution and looking to do it big this year. That’s what the new year represents. A fresh start. A new beginning. The chance to gain momentum and make this year the best ever.

Is your ultimate goal for 2018 to finally start your own business? Is it time to be your own boss and pursue your passion? Or maybe it’s time to take your growing business to the next level. Colonial can help. Colonial offers a number of business loan solutions for our customers*. We’re all about your success, which is why our rates are competitive and our application process is easy. Below we have an overview of some of our popular business loan programs.

Business Line of Credit

You can purchase inventory, smooth out seasonal cash needs or cover unexpected business expenses with a business line of credit with Colonial.

  • $25,000 minimum loan amount
  • Credit is typically secured by your business assets
  • You only access funds when you need them
  • Monthly payments on interest-only lines are based on variable interest rate

Term Loans

Expand your offices, buy new equipment or even acquire a commercial vehicle with one of our term loans.

  • $5,000 minimum loan amount
  • Flexible repayment terms ranging from one to five years for equipment (terms depend on the useful life of the asset)
  • Loans are secured by your company’s fixed assets
  • Pay principal and interest in regular installments

Owner-Occupied Real Estate Loans

If you’re a business owner who is expanding to a new location, or improving or refinancing your current property, you can benefit from our owner-occupied real estate program.

  • Long-term financing with up to 25-year amortization
  • Fixed rates available for 5 years and 10 years
  • You must occupy more than 50% of the new space
  • Loans are subject to standard underwriting, processing and documentation requirements

U.S. Small Business Administration (SBA) Loans

The U.S. SBA offers several loan programs for small businesses in need of financing.

  • Boost working capital
  • Purchase or improve real estate
  • Finance new equipment, heavy machinery, specialized equipment or other fixed assets
  • Acquire a new business or franchise

U.S. Small Business Administration (SBA) 504 Loan Program

An SBA 504 loan works well for real estate and fixed asset purchases. This includes:

  • Business acquisitions or expansions
  • Construction
  • Partner buyout
  • Machinery and equipment

If this year is the year to finally start or expand your business, Colonial is here to help. Supporting local businesses is something that Colonial has taken a great deal of pride in for many years. For more information, visit the Business Loans section on our website. You can also print our loan application and loan checklist to get started, or speak with one of our business loan associates by calling 817.390.2291.

*Business loans only available in Texas.

 

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