Lending Solutions For Business Owners
No matter the size of your business, it’s important to work with a commercial lender who you can trust and who understands your unique needs. American Community Bank specializes in providing loans to business owners that can do everything from purchase inventory and maintain cash flow to purchase critical equipment for your business. Please contact us online or connect directly with our staff to discuss your business’ borrowing needs.
Our Commercial Loan Options
| Loan Type | What You Need to Know About This Loan |
|---|---|
Term Loans | These are traditional loans that can be used to purchase: Machinery or equipment Office technology such as computers, printers, monitors Commercial vehicles Loan amount is based on your business’ assets and your liquidity. Repayment terms are available for up to 7 years. |
Revolving Line of Credit | If your business experiences fluctuations in cash flow, a revolving line of credit can be the perfect option to help you maintain your operations. Draw on your line of credit as you need it. Once you have repaid what you’ve borrowed, it is available to use again. |
Letters of Credit | A letter of credit is issued by American Community Bank to a third party on behalf of one of our business customers. The letter of credit may provide performance assurance regarding specific matters described in the letter. Since the third party is allowed to draw upon the letter of credit during its term, it is treated as a loan. Letters of Credit are either stand-by or direct pay and may be used to enhance bond transactions. |
Contact Our Commercial Lenders
Rick Gard
Vice President, Commercial Lending
NMLS: 1841969
Location: Schererville Office
Phone: (219) 440-5990
Brian Specht
Senior Vice President & Credit Manager
NMLS: 791121
Location: Schererville Office
Phone: (219) 440-5990