Business Loans
Your business is vital to you, your family and this community. And, First Sentry is just as concerned that your business thrives. We have vested interest in the Huntington area and we have borrowing options to help get your business off the ground, or grow and prosper. Our aim is to help you achieve your goals.
A Wide Array of Options
- Business Term Loan - This is typically used for commercial real estate acquisitions, equipment purchases, permanent working capital, etc. The business term loan is tailored to meet your company's cash flow, and the interest rate can be fixed or variable.
- Business Line of Credit - The business line of credit is usually used for inventory needs and short-term cash needs caused by the gap created between customer billings and collections. You get cash when you need it, paying only the interest due each month. The funds become available again as you repay them.
- Small Business Administration (SBA Loan) - These loans are partially guaranteed by the government.
This allows First Sentry to offer more flexible loan terms like higher loan to value ratios and longer repayment terms. These loans are typically used to supplement a firm's working capital, or to provide funds to buy equipment or real estate.
