Commercial / Construction Loans & Lines of Credit
Commercial Loans
Welcome to McHenry Savings Bank's Commercial Loan Department. We offer a diverse selection of commercial loan products specifically designed to fit the needs of your business. A general description of those products is as follows:
Line of Credit A revolving line ideally used to even out fluctuations in cash flow.
Floor Plan Line of Credit Obtained for floor-planned inventory such as boats, autos, trailers, and RV's.
Term Note Obtained for specific needs. Usually on a pre-set repayment schedule.
Commercial Mortgage Obtained for the purchase or refinance of business property.
Commercial Sweep Account Provides for an automated sweep from a commercial line of credit to a business checking account when the account drops below a target balance.
Commercial Construction Loans Obtained to finance the construction of a new commercial building.
Realizing that all commercial loans are unique, we make every effort
to tailor our products to meet your specific needs.
All loans are subject to documentation requirements and our credit
approval process.
Construction Loans
Construction Loans for commercial buildings
Construction Line of Credit - A non-revolving, interest only loan used
to finance the construction of business purpose structures.
Realizing that all commercial loans are unique, we will make every effort to tailor our products to meet your specific needs.
All loans are subject to documentation requirements and our credit approval process.
Line of Credit
Line of Credit - A revolving line ideally used to even out fluctuations in cash flow.
Floor Plan Line of Credit - Used for floor-planned inventory such as boats, autos, trailers, and RV's.
Commercial Sweep Account - Provides for an automated sweep from a commercial line of credit to a business checking account when the account drops below a target balance.
Realizing that all commercial loans are unique, we make every effort to tailor our products to meet your specific needs.
All loans are subject to documentation requirements and our credit approval process.