Business Loans
Financing Tailored to Your Business Needs
Whether you want to purchase equipment; buy, build, or refinance your real estate; or secure a line of credit for working capital, Franklin Savings Bank (FSB) has business loan programs designed to meet a variety of needs. Since all loan decisions are made locally, you'll find the FSB commercial lending team fast and responsive to your needs.
Contact a member of Our Commercial Lending Team to learn more about our business financing opportunities.
Loan Forms
For your convenience, below are forms for you to print out, complete, and send to your FSB Loan Officer:
Lines of Credit
Funds can be made available to you for a pre-approved amount to meet your working capital needs. Business Lines of Credit have a maximum maturity date of two years with renewal options.
Equipment & Specialized Collateral Loans
Equipment being purchased for business use may be financed for a term that meets your needs -- up to seven years, based on the useful life of the equipment. For cash-secured loans, the term corresponds to the maturity date of the collateral. Refinancing options and new business vehicle loans are also available.
Commercial Real Estate Mortgages
Real Estate Loans are available for purchasing buildings that are commercially zoned or consist of five or more units. Commercial Real Estate mortgages include: refinancing options, renovations and new construction, and commercially-zoned raw and improved land. The maximum loan term for a commercial real estate mortgage is 25 years.
Letters of Credit
An Irrevocable Standby Letter of Credit may help facilitate your business transactions when your own credit may be unknown or not readily accepted. Like other Letters of Credit, Irrevocable Standby Letters of Credit provide FSB’s name and credit support for specific transactions. Irrevocable Standby Letters of Credit are used as monetary assurance that will fulfill the terms of your contract. They are structured specifically for your industry and are often used instead of cash deposits or as performance or bid bonds in domestic transactions.
Credit Enhancements
We will often partner with the Small Business Administration (SBA) and/or the Business Finance Authority (BFA) to facilitate your business financing needs.
Municipality Loans
Competitively priced Tax Anticipation Notes (TANs) and Bond Anticipation Notes (BANs) are available. FSB also offers low interest loans that will assist municipalities with refinancing and purchases.
Business Information & Assistance
Whether you're already in business or contemplating a new one, we hope you'll call on our Commercial Loan Officers for information on marketing, business plans, management, accounting and other areas of your business. We're here to help and, when appropriate, refer you to small business development centers.
HELPFUL INFORMATION
Investment Management services are offered through Fidelity Institutional Brokerage Group.
Securities are offered through Infinex Investments, Inc. Member FINRA/SIPC.
Fixed Insurance is offered through Consolidated Life Producers.
Services, securities and insurance offered through Independence Trust Company and Fidelity Institutional Brokerage Group, Infinex Investments, Inc. and Consolidated Life Producers are not FDIC-insured and are not deposits or obligations of, and are not guaranteed by any bank. For more information about a particular security, ask for a prospectus. Please read it carefully before making an investment.