Commercial Loans & Mortgages

For the business owner in need of funding for working capital, business expansion or equipment purchases, our business loans can be tailored to meet your needs. These loans are typically secured with business assets or personal assets but may be available on an unsecured basis. Rates and terms on fully secured loans are generally more favorable than unsecured loans and may be improved through credit enhancements, such as Small Business Administration (SBA) or Business Finance Authority (BFA) guarantees.  

Commercial Real Estate

Whether for the purchase of business real estate, construction of a new building or the refinancing of existing property, CGSB has competitive programs available for up to twenty years. Rates and terms on real estate loans are generally based upon the borrowers financial condition and the term to maturity of the request.  

Lines of Credit

For the business that has seasonal inventory build-up requirements or needs to support receivables, our commercial lines of credit are just the financing needed to get your company over a temporary cash flow shortage. The typical line is usually secured by receivables and/or inventory and requires 30 day out periods annually. Rates and renewal fees are based on collateral and financial condition. 

Letters of Credit 

If your business is in need of a letter of credit to complete a construction project, obtain a construction bond, purchase/lease equipment, or just to attend an auction, CGSB can help you. The letter of credit will usually be for less than one year, although longer terms are available, and would most likely be secured by equipment, real estate, or deposits with the Bank. The application process is similar to a normal business loan and fees are based on the size of the letter of credit.

Contact
Richard Manzi
Commercial Loan Officer
(603) 536-0001
ext. 506
NMLS#619802