Business Banking Loans at VisionBank

Vision Bank Loans

VisionBank is ready to help you bring your visions to life, whether it’s to improve your home or purchase a new vehicle; we’re here for you. VisionBank will help you decidee your best financing options.

Commercial Loans

VisionBank offers Loans and Financing to Develop Your Business, Your Way.

Business loans and other financing options from VisionBank provide the funds critical to your organization’s growth. Whether you’re starting a new business, or growing an existing one, we’ll find the best loan products and options for you. We understand business and how to finance it. Our bankers value relationships, and will take the time to get to know you and your business.

  • Business Loans
  • Business Acquisitions
  • Equipment Financing
  • Working Capital
  • Debt Refinancing

Commercial Lines of Credit

A business line of credit is a flexible financing option in which a lender extends a maximum amount of credit to a borrower from which the borrower can draw for access to cash to make purchases. VisionBank offers this working capital when you need it, so you can keep your business running smoothly, with a flexible line of credit.

Maintaining a line of credit in good standing may help build your business credit rating and position you for better loan terms if you seek future financing. Many small business experts suggest that first-time applicants should start a modest line of credit and pay off the debt quickly as a way of building a credit profile.

Keeping your small business finances running smoothly can often be a challenge in today’s fast-paced world. Depending on your specific business needs, a small business line of credit could be the simple solution you need to meet your goals for growth — at a pace that’s right for you.

Commercial Real Estate Loans

If your business is looking to buy, refinance or make improvements to commercial real estate, you’ll likely need to get a commercial real estate loan. These loans are very different from other types of small business loans, functioning more similarly to a residential mortgage. Most commercial real estate loans require that the property be owner-occupied, meaning that the business needs to physically reside in at least 51% of the building.

Traditional Commercial Mortgage

Traditional commercial real estate loans are used for a variety of properties, including office buildings, industrial buildings, multi-family units and retail centers. In most cases, the property will need to be owner-occupied. Like a residential mortgage, the commercial loan will be secured by the property being purchased. Beyond that, terms vary widely depending on the type of purchase and the specific needs of your business.

SBA 7(a) Loans

The Small Business Administration’s (SBA) flagship loan, the 7(a) loan, can be used to purchase land or buildings, construct new property, or renovate existing property, provided the real estate will be owner-occupied. Interest rates can be fixed, variable or a combination of the two. Repayment terms for 7(a) loans used for real estate can go up to 25 years. These loans are fully amortized, meaning each monthly payment will be the same until the loan is paid off.

SBA 504 Loans

Beyond the 7(a) program, the SBA offers loans specifically for owner-occupied real estate or long-term equipment purchases. These loans, called 504 loans, are actually composed of two different loans: one from a Certified Development Company (CDC) for up to 40% of the loan amount and one from VisionBank for 50% or more of the loan amount. You, as a borrower, will be responsible for putting at least 10% as a down payment. Interest rates on the CDC loans are based on U.S. Treasury rates and are fixed once you get the loan. Like the 7(a) loans, these loans are fully amortized.

Investment Property Loans

Investment property loans finance rehabilitation projects in which properties are fixed up and then either resold (“fix-and-flip” deals) or rented out. The loans financing these projects are usually short-term, and they’re sometimes called bridge loans. Investment properties can be residential or commercial, but they typically can’t be the investor’s primary residence.

VisionBank takes pride in the expertise of our staff.

Call 952-920-8400 or contact us today to talk with a Personal Banker.