Business Loans

Elite Federal Banking Group offers a variety of loans for all types of businesses to help you purchase capital goods, expand your business or consolidate business debt. We offer a personalized approach and take the time to understand your financial needs. All Elite Federal Banking Group lending decisions are made locally.

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Business Installment Loan

  • Available either secured or unsecured
  • Loan approval generally within one business day
  • Competitive interest rates
  • Convenient payment options
  • No pre-payment penalties

Business Purpose Vehicle Loan

  • Loan approval generally within one business day
  • Various repayment terms available depending on loan type
  • Competitive interest rates
  • Convenient payment options
  • No pre-payment penalties

Business Line of Credit

  • Competitive interest rates
  • You control the use of the loan proceeds
  • Use your line of credit to purchase inventory, meet short-term cash needs or as an emergency fund

Small Business Administration Loans (SBA)

The U.S. Small Business Administration offers several loan programs for small businesses seeking financing, providing an ideal way to grow and expand your company.

Elite Federal Banking Group is a preferred SBA lender.

SBA Loan Features

  • Boost working capital
  • Purchase or improve real estate
  • Finance new equipment, heavy machinery, specialized equipment or other fixed assets
  • Acquire a new business or franchise
  • Finance permanent working capital

To learn more about SBA loans, contact us or visit U.S. Small Business Administration website.

Real Estate & Construction

Elite Federal Banking Group has experienced and local loan officers that will take the time to understand your needs and maximize your company’s strengths. All lending decisions are made locally.

  • Perfect for the purchase and development of investment and owner occupied commercial real estate
  • Commercial mortgages for retail, office, industrial and multi-family properties
  • Land acquisition and development through construction.

All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Initial decision is subject to you meeting specific underwriting requirements and final approval will be based upon you satisfying those requirements.

 

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