Whether you need to purchase a new property, or refurbish or refinance properties you currently own, Seaway Bank and Trust Company has the tools and expertise to help you achieve your goals. With terms of up to 25 years, the loans are available for all types of commercial properties, including office complexes, mixed-use buildings, and multi-family apartments.
Need to build new or renovate an existing property for your growing business? We can help. Our construction loans provide funds to build new or renovate or remodel an existing commercial building for your business. It is typically a 2-year loan, and upon completion, the loan may be converted into a commercial mortgage.
An excellent option for the savvy small business owner, commercial term loans provide businesses with capital for essential items such as office improvements, machinery, or vehicles. Term loans are from 1 to 7 years and designed with a payment schedule that fits your specific cash-flow needs.
As a participating SBA lender, we have the ability to help new and emerging small businesses with start-up financing, asset expansion, and working capital, all with loans guaranteed up to 85% by the U.S. Small Business Administration. A range of programs is available, with loan amounts up to $5,000,000.
Lines of Credit
Manage your cash flow more effectively and meet your working capital needs with a line of credit you can access instantly. We offer competitive rates, with funds accessible by check or by transferring funds online or by telephone directly into your business checking account. These loans are typically used for interim financing, accounts receivable or inventory purchases.
Letters of Credit
Strengthen your position in the marketplace and obtain business that might otherwise be beyond your reach with a Letter of Credit from Seaway Bank and Trust Company. When you receive a Letter of Credit, Seaway issues a guarantee of payment to help you make purchases or transact business with others that you may have limited purchase experience or credit history with or to simply negotiate a better price.