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Local people. Local decisions. Local commitment. Local
investment.
At HomeTown Bank we believe the success of our customers leads
to a strong community, which benefits all of us. Our customer
deposits are invested directly into local businesses and real
estate loans that help our local economy. One of the key reasons
you should consider banking with us, is that local people who
understand you and your business make all of the decisions concerning
your needs. Decisions are made on more than just numbers. They're
made based on sound financial principles measured by local community
needs.
Consult with our experienced lenders to find financing options
as well as a variety of commercial services to fit your business
needs. Our lenders will quickly respond to your application, set
up flexible repayment schedules that work with your cash flow,
and offer you easy access to your credit. You can even transfer
funds by phone and, soon, on-line.
Commercial Properties
A commercial Real Estate loan from HomeTown Bank can be used
to refinance or purchase commercial property, construct a new
facility, or expand/remodel your current facilities. Whatever
your need, we can work with you.
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Terms and conditions that work with your personal
cash flow.
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Amortizations of up to 25 years.
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Interest rates fixed up to 5 years.
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Low closing costs.
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Competitive rates.
Equipment Loans
Let HomeTown Bank assist you with all of your business equipment
financing needs. Whether your business requires specialized equipment,
office equipment, or fixtures, let HomeTown Bank customize a loan
tailored for your business.
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Typical loan repayment terms of up to 60-month
amortizations.
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Flexible terms are available.
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Payments can be set up on a monthly, quarterly
or semi-annual basis.
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Competitive rates.
Working Capital
HomeTown Bank offers revolving lines of credit to help even out
your business cash flow. Let us help you finance inventory, accounts
receivables, help keep payables current, or manage payroll. This
gives you the opportunity to control your business finances your
way.
SBA Loans
HomeTown Bank participates with the U.S. Small Business Administration
(SBA) to fund the needs of small businesses when financing is
unavailable on reasonable terms through normal lending programs.
SBA loan programs that the HomeTown Bank participates in are the
SBA 504 Program, Basic 7(a), and SBA Express. 504 loans provide
long term, fixed rate financing for major fixed assets such as
land and buildings. The 7(a) Loan Program can be used to purchase
machinery and equipment, real estate property, inventory and/or
to purchase an existing business. SBA Express loans are typically
used for loans under $350,000.
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