Commercial & Business Financing

Bank of Travelers Rest offers products to fund your business growth and help with cash flow.  Our team of experienced relationship bankers can help guide you through the loan process and get the credit your business needs. 

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Commercial Real Estate Loans

Whether you are planning to purchase an existing location or build a new location for expansion, our team of relationship bankers can assist you in finding the best structure to fit your needs.  Uses for commercial real estate loans include:

  • Owner Occupied Properties
  • Investment Properties
  • Construction to Permanent Financing
  • Equity Lines of Credit

Commercial Equipment Loans

Regardless whether the purchase is to replace existing equipment or to prepare for an expansion, Bank of Travelers Rest offers financing on both new and used equipment. Proceeds from a commercial equipment loan may be used for:

  • Commercial Vehicles
  • Construction Machinery
  • Business Machinery
  • Office Equipment and Machinery

Commercial Line of Credit

Our team of relationship bankers can help close the gaps in your cash flow by providing a commercial line of credit to address your cash cycle needs.  A commercial line of credit can help keep your business operating smoothly by providing the capital necessary for inventory purchases or for short-term working capital needs.

RediReserv

RediReserv is a line of credit providing overdraft protection for your account.1 The minimum line of credit is $3,000. Transfers are made in increments of $500. A $10 transfer fee is charged to the credited account when the RediReserv is accessed.2 There are no fees or interest charges unless RediReserv is used.  Once RediReserv advances, an Annual Percentage Rate of 18% will apply to the outstanding balance.3 To begin your RediReserv application, click the Start a Business RediReserv Application button below. 

Start a Business RediReserv Application

 


Disclosures

1. RediReserv is subject to credit approval.
2. This fee is charged to the checking account per RediReserv Transfer.  Only one fee is charged on the day the transfer occurs.
3. Daily Periodic Rate .04932%

 

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 In response to the economic impact of COVID19, on March 27, 2020, Bank of Travelers Rest suspended late fees for loans.   As we adjust to a new normal, late fees will be resuming on loans due on or after August 1, 2020.  If you have questions about loan late fees, please reach out to your lending officer.