Apply for a business loan from Enterprise Bank of S. C.
• Talk to the local decision makers
• Hassle-free loan process
• Flexible payment schedules, up to 15 years on real estate
• Cash-back financing
• Freedom from unwanted surprises and delays
Mortgages
Commercial mortgages are available for acquisition, construction
and refinancing purposes. Construction loans typically run for twelve
months and can be converted to a term loan upon completion of the
project. Term loans generally are for five years with a ten to fifteen
year amortization.
Click Here for what to provide initially for
a Business Loan request
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Term Financing
Amortizing loans are available for various purposes, including
acquisitions, equipment financing, and permanent working capital. New
equipment financing is generally provided up to 80% of the purchase
price of the asset. These loans typically have a three to five-year
amortization.
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Commercial Lines of Credit
Working capital lines of credit are available on a revolving basis
and are annually renewable.
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Commercial Real Estate Loans
Enterprise Bank of SC can provide financing to purchase or
refinance your commercial real estate or provide loans for acquisition
or expansion of your business. Set up a meeting with one of our
Commercial Loan Officers today to discuss how we can help with your
business financial needs.
Click Here for the Commercial Real Estate Loans
Application Process
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Commercial Real Estate Refinance Loans
Application Process
1. Income Tax Returns for the past two years, including all
schedules (for each individual, corporation, or partnership involved
in borrowing) (If tax return is not yet completed for the most recent
year ended, provide W2 or year-end pay stub of individuals and
year-end financial statements for corporations or partnerships)
2. Copy of purchase contract for property to be acquired or
settlement statement if property is already owned.
3. History of the property, including age
4. Rent roll indicating each rented unit by square footage,
tenant, monthly lease income, and lease expiration date
5. List of vacant rentable units, including square footage.
6. Prior year and 12-month projections of Income and Expenses
for the property
7. Management plan for the property or copy of contract with
property management company.
8. Building plans
9. Copy of Articles of Incorporation or Partnership Agreement
of borrower, if applicable
10. Survey
11. To be ordered by lender
■ Appraisal
■ Phase I Environmental Report
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What to provide initially for Business loan
requests
■ Business financial statements for
the past two completed years
■ Business income tax returns for
the past two years
■ Current business financial
statements for the most recent interim period
since the end of last year
■ A list of all the loans of the
business with balances owed and monthly
payments
■ Personal income tax returns for
the past two years
■ Personal financial statement.
Some additional information may be required depending upon the purpose
of the loan and the type of collateral available.
For more information, call your local Enterprise Bank of SC office.
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