Commerce Bank of Temecula Valley is able to fully service the lending needs of its Customers. The Bank offers a variety of loans that will help its Customers realize their goals.
Lines of Credit
To give your business immediate access to cash whenever you need it, Commerce Bank’s revolving line of credit can be used to meet your short-term cash needs to pay payroll, fund seasonal inventory purchases, buy materials, or equipment, and support the growth in accounts receivable pending collection to support sales growth. From your pre-established line of credit, advances and repayments can be made at any time during the term of the line and funds can be accessed by phone or online. Interest is charged on the portion of the line you are using and interest is paid monthly with principal due at maturity.
Asset Based Line of Credit
Our Asset Based Line of Credit enables you to obtain cash based on a pre-determined formula against your company’s eligible accounts receivable so you can take advantage of vendor discounts, purchase inventory or support other seasonal cash needs. Supported by a monthly borrowing base you can access cash when you need it, pay interest only monthly based on competitive variable interest rate tied to the Wall Street Journal Prime Rate. SBA CAPlines are also available under this program.
You may need to replace or expand your fixed assets. By working with our seasoned lending staff, we will assist you in determining whether a revolving equipment line or equipment term loan is the best financing option for your business capital needs. Maturities can vary based on the useful life of the equipment. Extended maturities are available through our SBA 7a and 504 Program financing options.
Commercial Real Estate Loans
The Bank offers mini-perm loans on owner-occupied commercial properties to finance new or existing real estate, including industrial/warehouse buildings, office buildings, medical buildings, retail buildings or small multi-family buildings. We offer competitive rates for the purchase, refinance or expansion of existing facilities. Up to 75% loan-to-value (up to 90% LTV with our SBA options) and up to 25-year amortizations with various maturity programs available up to 10 years (longer with SBA options).
Finance the construction of owner-user commercial/industrial buildings, franchised restaurants, wineries and medical office buildings.
SBA 504 and 7(a) Loans
As a Small Business Administration (SBA) "Preferred Lender" and "SBA Express Lender," the Bank can provide flexible solutions for owner-user, long-term real estate and equipment purchases or refinancing, purchase furniture, fixtures, 7 inventory, refinance business debt, provide working capital, finance business acquisitions and partner buyouts, provide SBA approved franchise financing and provide lines of credit for working capital.