Commercial Loans

Let us help you take your business to the next level. Our Commercial Mortgages are great for things like:

• Purchasing a new facility
• Expanding existing facilities
• Making other improvements to existing facilities
• Commercial mortgages are available for owner-occupied properties and/or leased investment properties

Contact us at 800-836-3711 and one of our Commercial Lending Specialists will meet with you to discuss your business’s borrowing needs.

Canal Bank’s lines of credit provide the flexibility and financial support you need to keep your business moving forward. Lines of credit can be structured to match the cycle of your business’s needs and the amount of each line is based on the level of your need and the financial condition of your business. Lines of credit may be used to support:

• Inventory purchases
• Collection of accounts receivable
• Other short-term working capital needs

Contact us at 800-836-3711 and one of our Commercial Lending Specialists will meet with you to discuss your business’s borrowing needs.

Do you have a specific project in mind that will take some extra cash to start? We can help. Canal Bank offers Term Loans designed for businesses with longer-term financing requirements. These are term loans for specific business purposes with specific amounts.

• A set repayment schedule and a specific maturity date, usually within five years of the original loan date
• We can structure a repayment schedule to accommodate your cash flow cycles
• Loan may be secured with many different types of collateral

Contact us at 800-836-3711 and one of our Commercial Lending Specialists will meet with you to discuss your business’s borrowing needs.

Did you know that in some cases, leasing business equipment may be more beneficial than purchasing it? That’s why we offer our Commercial Equipment Leasing Program, and we can help you decide which option is best for your business.

How it works: We hold title to the equipment, while your business makes lease payments for a specified period of time. At the conclusion of the lease, your business has the option to buy the equipment. And your business may be eligible for a tax benefit related to leasing. Please check with your tax advisor.

Contact us at 800-836-3711 and one of our Commercial Lending Specialists will meet with you to discuss your business’s borrowing needs.

Canal Bank participates in various loan programs for business financing, including but not limited to:

• Pursuit – loans for the construction, renovation, or purchase of real estate or purchase of equipment
• U.S. Small Business Administration (SBA) – a program that provides guarantees for business loans for working capital, equipment purchases, or the construction, renovation, or purchase of real estate

Contact us at 800-836-3711 and one of our Commercial Lending Specialists will meet with you to discuss your business’s borrowing needs.