We will determine the amount of your term loan by measuring your collateral of equipment, machinery, and real estate. We offer a variety of term loans:business, real estate, construction, and short-term. A term loan gives you fast access to cash for fixed assets such as new or used equipment, commercial vehicles, land, buildings, renovations or modernization of equipment or premises, including leasehold improvements.
A term loan will give you flexible repayment terms that accommodate your cash flow, and a fixed monthly repayment amount to help manage your debt load, while offering competitive fixed or floating interest rates.
Far East National Bank’s revolving lines of credit will allow you to borrow or pay back according to your needs. It helps you manage cash flow, grow your business, and access funds quickly. Our business lines of credit have benefited a wide range of manufacturers, wholesalers, distributors and retailers to meet their financial goals. FENB will offer you customized solutions to match your independent banking needs. We offer flexible payment options for you to choose, interest-only or principal interest.
You may use revolving lines of credit to finance any permanent working capital related to the continual purchasing of inventory and accounts receivable. A revolving line of credit can be connected to a checking account, allowing both automatic advancements and repayments, which minimizes interest expense.