Business Loans

BusLoan

We Offer A Wide Range of Options To Meet Your Needs

As a business owner, when an opportunity presents itself to you or your business, you need a bank that can make a timely decision and understand your goals. Whether you are starting a new business, purchasing one that already exists, or would like Jackson County Bank to restructure your present business financing, we can provide the flexibility and responsive banking services your company needs.

As the largest commercial lender in Jackson County, we have the experience necessary to handle a variety of loan types for area businesses. We understand the financial issues your business faces, and we offer you the financing solutions so your business can continue to grow. With numerous and flexible financing options, we are able to come up with creative, workable loan packages for any size business.

Purchase or Refinance

We can provide the funds you need to purchase commercial real estate, investment property and land. Jackson County Bank’s real estate loans let you finance commercial real estate up to 20 years, with fully amortizing and balloon payment options.

Equipment Purchase/Equipment/Vehicles

Whether you are purchasing a new computer system, replacing an aging vehicle, or just don’t want to lease that new copier again, a Jackson County Bank equipment loan may be your answer.

Lines of Credit

Draw funds whenever you need working capital, seasonal or cyclical cash flow, emergency funds, or other short term financing—and only make payments when you use the line.

SBA Loans

Jackson County Bank offers long-term loans guaranteed by the U.S. Small Business Administration. SBA provides a number of financial assistance programs for small businesses. They have been specifically designed to meet a business’s key financing needs. SBA does not make direct loans, it works with lenders which generally will make the loan with SBA guaranteeing the lender that the loan will be repaid. SBA guaranteed loans may not be available if the borrower has access to other financing on reasonable terms.

The SBA 504 loan is designed for business owners who want a long-term fixed rate loan to purchase, expand or construct owner-occupied real estate or purchase major, long-term (i.e. 10 year or longer usage projection) equipment. Businesses must meet SBA guidelines. The 504 loan project is generally funded from three sources: Jackson County Bank, the SBA, and equity from the borrower. There is also a requirement to meet certain local economic objectives, such as revitalization and redevelopment, income generation or business development.

Local Community Development Corporations

Working with Local Community Development Corporations allows Jackson County Bank to creatively tailor a financing package to fit your specific borrowing needs. Benefits include lower down payments, smaller monthly payments, and below market interest rates. We have several funds we work with in Jackson County and the surrounding area:

Business Capital Fund
Jackson County Revolving Loan Fund
City Revolving Loan Fund

Application/Required Documentation

  • Company Organizational Documents (Articles of Incorporation, Partnership Agreements, By-laws, etc.)
  • Past Two Years Financial Statements (Balance Sheet & Profit and Loss Statement)
  • Past Two Years Tax Returns (Corporate or Personal)
  • Personal Financial Statement (each borrower/owner)

This list of general documentation is provided so that our first meeting to consider your business loan will be as productive as we can make it. This list is not intended to represent a complete list of the financial information we may require.

Business Credit Cards

Jackson County Bank wants to see you and your business succeed. With worldwide acceptance and flexible repayment options, the Élan Visa Business Card is a smart way for businesses to pay for everything from travel to office supplies, cellular phone charges and select utility bills, to vehicle maintenance, cleaning supplies and internet purchasing.  Get more info on credit cards now.

 

 

Commercial Loans

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