Rates

Business & Commercial Loan Rates

Keep your business moving forward with competitive loan rates

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Business & Commercial Loan Rates

Keep your business moving forward with competitive loan rates

All business and commercial loan rates depend on a number of factors, including the amount you borrow, financial strength of business, collateral, term of the loan, and your credit rating. Generally, rates are:

  • Lines of credit and construction loans:
    Wall Street Journal prime rate, plus 0-6%.
  • Adjustable-rate term loans:
    3-Year or 5-Year US Treasury Securities, plus 2-6%.
  • Variable rate term loans:
    Wall Street Journal prime rate, plus 0-6%.

Wall Street Journal Prime Rate

Rates as of 12/04/2022
Index Rate
Wall Street Journal Prime Rate 7.000%

Business Share Secured Loan Rates

Loan Type Rate Information
Business Share Secured Loans Rate is based on the share or certificate rate plus points between 2–4%, depending on the term of the loan.

Contact a Business Specialist

 

Term Loans Not Secured by Real Estate

Loan Type Rate Information
Business Term Loans Not Secured by Real Estate

Rates on inventory and security loans can be fixed or variable:

  • Fixed rate is based on Wall Street Journal prime rate plus points.
  • Variable rate is based on Wall Street Journal prime rate plus points.

Rate on equipment loans can be fixed, variable, or adjustable*:

  • Fixed rate is based on the 3-Year or 5-Year US Treasury Securities plus points.
  • Variable rate is based on Wall Street Journal prime rate plus points.

* Adjustment period is every 3 or 5 years

Contact a Business Specialist

 

Commercial Real Estate Rates

Loan Type Rate Information
Commercial Real Estate Loans

Rate can be fixed, variable or adjustable*:

  • Fixed and adjustable rate is based on the 3-Year or 5-Year US Treasury Securities.
  • Variable rate is based on Wall Street Journal prime rate plus points.


* Adjustment period is every 3 or 5 years

Contact a Business Specialist

 

Secured & Unsecured Lines of Credit Rates

Loan Type Rate Information
Secured Lines of Credit Rate is floating based on the Wall Street Journal prime rate plus points.
Unsecured Lines of Credit Rate is floating based on the Wall Street Journal prime rate plus points.

Contact a Business Specialist