Business Loans and Lines
We understand no two businesses are alike. Whether you’re a professional practice, a corporation, or a startup, our local lenders work closely with you to develop financing that meets your needs and allows you to accomplish your goals. As the only local community bank headquartered in Harrisburg, you'll have access to our local lending decision makers, personal attention, and no red tape.
To apply for a business loan/line of credit, click on the apply button below OR you can also apply by filling out the PDF version of our Business Loan Application.
Please Note: We may require you to complete a comprehensive Personal Financial Statement to evaluate your Business Loan Application as well. Click here to download the Personal Financial Statement.
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Government-Guaranteed (SBA) Lending
Are you a small business? Small businesses are an integral part of the US economy, and the government wants to encourage them. In fact, the Small Business Administration (SBA) is a government agency specifically established to help small businesses succeed. The agency works to provide support and resources as well as loans to small businesses that might otherwise struggle to get financing from other sources. The SBA partners with financial institutions such as Centric Bank to offer financing to smaller companies.
Our SBA lenders are experienced guides to help you access cash and capital to purchase real estate, finance growth, acquire new equipment, and improve cash flow. SBA loans offer more collateral flexibility, longer term loans, no balloon payments to negotiate, and most carry no prepayment penalties. From SBA 7a loan requirements to qualified SBA 504 loan options to guidance on sba.gov eligibility forms, rely on Centric Bank for the expertise you need.
Commercial Real Estate
Commercial real estate is a crucial part of many businesses. Your business property can have a significant impact on your business. If your retail space or company relies heavily on walk-by traffic or in-person business, the right office or location can make a tremendous difference to your bottom line.
Even if you do part or much of your business online or over the phone, the right business space can improve productivity, personnel morale and business success. Business real estate can also provide your business with a crucial asset to improve your organization's financial well-being. With property, quite simply, you have more options for success.
You may need financing for several commercial real estate transactions, including:
- Purchasing your first office, retail or commercial space.
- Leasing a commercial space.
- Refinancing the loan on an existing piece of industrial or commercial real estate.
- Expanding your business and acquiring new property.
- Building or renovating business property.
Whether you’re acquiring, refinancing, expanding, developing, or building, the lenders at Centric Bank have the expertise you need to guide you through the process. To plan for your next project, contact a business lender today.
Lines and Letters of Credit
Giving you the flexibility to draw funds as needed, a business line or letter of credit enables your business to better manage cash flow while meeting your short-term working capital needs. Business loans and lines offer:
- Secured and unsecured working capital and inventory lines
- Asset acquisition lines
Business lines of credit and letters of credit can help you pay for working capital for business. As revolving types of financing, lines and letters of credit provide you with the flexibility your business demands. When you need it, financing is available in your line or letter of credit to pay for inventory, personnel, seasonal increases in business, and other needs. When business is doing well, you can use extra revenues to repay your credit line so it's available when it's needed again.
Commercial Term Loans
Business Term Loans have a fixed term with various maturities and a defined periodic payment. They provide funds for the purchase of equipment and other assets such as:
- Vehicle and equipment loans
- Working capital
- Seasonal time notes
Running your business costs money and you need cash or financing to pay for the products you need for your organization. Commercial term loans offer you financial support now so you can focus on growing your company.
Financing for Doctors and Professional Practices
Doctors and healthcare practices of all kinds have unique financing needs when compared with other industries. These businesses often have significant overhead costs, including large insurance premiums, higher personnel costs and extensive equipment budgets.
To succeed, healthcare practitioners and facilities need to be able to offer the latest medical equipment as well as the best possible personnel for their patients. All of that costs money, meaning doctors and healthcare practices may need unique forms of financing to help pay for these costs.
Centric Bank recognizes business loans for doctors shouldn't look like loans for any other business. We recognize the contributions our healthcare professionals make to our communities, in return, we offer personalized attention as well as custom-fit loans and financial products designed specifically for the healthcare industry through our Dr. Centric Bank subdivision.
To learn how a personalized banking relationship can benefit your practice, contact Centric Bank to set up an appointment.
- Up to 100% financing
- Practice acquisition
- Buy-ins and buy-outs
- Debt refinancing
- Real estate purchase, expansion, or renovation
- Equipment and working capital
Centric Bank is committed to helping our neighbors grow and thrive. For farmers and businesses involving food production, processing or manufacturing, we offer financial solutions for your business challenges:
- Get a jump on next planting season and take advantage of seasonal savings on fertilizer, seed and chemicals - A short-term revolving line of credit lets you buy the things you need now and pay it back over time while offering competitive rates.
- Get the new equipment you need today - We provide an array of loan and lease options while offering affordable rates and flexible repayment plans.
- Build or renovate facilities - From building new facilities to making needed renovations, we've got all your borrowing needs covered.
- Make a real estate purchase - We're your partner for affordable financing.
Industry Specific Banking
No matter what your business, Centric Bank has the team members and financial products you need for support. We recognize that the one-size-fits-all business mentality does not always work — simply because there is no one-size-fits-all company. We recognize these contrasting requirements and offer personalized attention as well as unique services for various industries. If you're interested, read more about our industry-specific banking.