3. LENDING SERVICES
As a business owner, you’re always looking for new opportunities to expand your business. Aspire Bank has the flexible financing options for everything from acquiring a business to purchasing a new building, equipment or funding seasonal working capital. Whatever stage your business is in, the specialist teams at Aspire Bank can help you choose the correct business loans, leasing options or real estate financing to fit your needs.
Commercial Line of Credit
A commercial line of credit is a cost‐effective approach if your business needs on‐going credit to fund seasonal working capital and accounts receivables or manage inventory. With a commercial line of credit, your business can handle unexpected cash needs and take advantage of vendor discounts by having access to cash when you need it.
Aspire Bank offers:
Revolving line of credit
It allows your business to borrow, repay, and borrow again up to the original amount committed by Aspire Bank, throughout the life of the loan.
Non-revolving line of credit
It allows your business to borrow an amount either in a lump sum or an amount disbursed over a period of time. Each time you make a payment, credit availability reduces by that paid amount.
- Flexible revolving credit lines, with annual renewals,* secured by general business assets
- Quick, easy access to funds online, by phone, or in a branch.
- Advances are simple and convenient. We offer automated line sweeps to draw from.
- Competitive variable rates of interest
- Pay no interest until you draw funds.
*Multi‐year lines of credit are available at an additional cost, subject to underwriting.
Aspire Bank offers a variety of term loans to help your business purchase capital goods and equipment, fund a change in ownership or consolidate debt. Our expert lenders will structure this new financing vehicle in accord with existing debt obligations and your historical and projected cash flows.
- Acquire machinery, equipment or other assets with fixed monthly payments.
- Increase your working capital to help you grow your business.
- Strengthen your competitive position by obtaining the equipment and assets you need to operate more efficiently.
Commercial Real Estate Financing
Successful commercial real estate firms need a reliable banking partner with a solid capital base that can promptly deliver quality solutions through fluctuating economic cycles. At Aspire Bank, we have the capabilities and stability you need to successfully execute on your next big opportunity.
Our commercial real estate team offers the local expertise necessary to address the unique demands of private developers and investors and our banking model allows us to respond quickly and efficiently to your requests. We offer flexible financing programs for office, industrial, retail and apartment buildings.