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Business Loans

Business & Commercial Loans

Clay County Savings Bank strives to offer a variety of business and commercial loans to meet the diverse needs of our community. Every business opportunity is one of a kind, which is why our bank evaluates commercial loans on a case-by-case basis. Clay County Savings Bank will consider lending on:

  • Commercial Real Estate (Development, Strip Malls, Churches, Apartment Complexes, Warehouse/Office Building)
  • Accounts Receivable
  • Inventory Loans
  • Furniture, Fixtures and Equipment
  • Dealer Floor Plan
  • Unsecured

Clay County Savings Bank will evaluate each loan based on the primary source of repayment, the credit quality of the borrower, the adequacy of collateral and the overall risk of the type of loan being requested. Bring your business plan in today and let Clay County Savings Bank establish a loan to meet your individual business needs.

Investment Property Loans

Clay County Savings Bank offers loans secured by non-owner occupied property (“rental property”).  Current programs available are ARMs and 15-Year or less Fixed-Rate.

Clay County Savings Bank currently does not offer a fixed-rate program on non-owner occupied property for a term greater than 15 years.  Interest rates on loans on non-owner occupied property are typically 1 percentage point higher than the available program for owner-occupied property and a require a 1% origination fee.

For ARMs, caps are 2/6 and margin is 3% over the weekly average yield on U.S. Treasury securities adjusted to a constant maturity of one year.

Small Business Loans

Ready to start a small business or expand your current company? A Small Business Administration (SBA) Loan may be just what you need, and Clay County Savings Bank is ready to be your loan partner.

Our bank is an approved SBA Lender, and our list of SBA loan products includes:

Basic 7(a) Loan Program: Designed for eligible borrowers in starting, acquiring and expanding a small business. This type of loan is the most basic and the most used within SBA’s business loan programs.

SBA Express: Designed when time is of the essence. Lending decisions are processed within 36 hours, providing you the opportunity to act quickly when business opportunities arise.

Patriot Express:  Designed exclusively for veterans, active-duty military, reservist or National Guard members or a spouse. Loan decisions are expedited with lending decisions made locally.

For more information on SBA loans, visit the U.S. Small Business Administration online . Our experienced loan officers are available anytime to answer your questions and help you navigate the SBA lending process to launch or grow your company. For more information, contact us online or call (816) 781-4500.