Commercial Loans

Planters Bank offers a variety of Commercial Loans to fit your borrowing objectives. Lending decisions are made locally, and we will work with you to recommend the most appropriate loan type and payment terms. Explore the loan types we offer below and contact any Planters Bank office to connect with a Commercial Banker who will help you take the next steps toward securing the loan you need!

Small Business Loan Express

Receive the funds you need to cover short-term expenses or grow your business. Get approved for a loan or line of credit in any amount from $1,500 to $50,000.

Features:

Apply in Minutes – Approval in Seconds
Access Funds within 3 Business Days
Fixed-Rate Term Loan or Variable-Rate Line of Credit
Low Closing Fee
Exclusively for Planters Bank Checking Account Customers¹

Apply Online

Commercial Real Estate

Planters Bank is prepared to help you expand your commercial holdings, redevelop an existing building, build new ones, or procure a single building for your primary business. Our Commercial Lenders are here to help you!

Features:

Types of Loans:
- Building Acquisition, Expansion, and/or Improvements
- Land Acquisition, Site Preparation, and Infrastructure
- Commercial Construction
- Leasehold Build-Out or Renovations
- HVAC, Plumbing, Electrical, Roofing, or Energy Efficiency Improvements
Competitive Interest Rates with Flexible Repayment Terms
Short-Term, Long-Term, and Convertible Financing Options Available
Prompt Loan Processing, Review, and Approvals

Equipment Financing

Planters Bank’s experience covers the spectrum of Equipment Financing. Whether you need an individual piece of equipment or an entire equipment package, we’re here to help you get the most for your money.

Features:

Types of Loans:
- Furnishings, Fixtures, or Fixed Equipment
- Vehicles and other Rolling Stock
- Manufacturing or Technology-Related Equipment
- Specialized Equipment, Computer Hardware, or Critical Software
Competitive Interest Rates and Flexible Repayment Terms
Short-Term, Long-Term, and Convertible Financing Options Available
Prompt Loan Processing, Review, and Approvals

Operating Loans & Lines of Credit

Need money to get over a hump or the security of knowing money is there when you need it? We are prepared to help you evaluate your cash flow needs and provide money when and how it best serves your business.

Features:

Types of Loans:
- Working Capital
- Accounts Receivable
- Lines of Credit
- Letters of Credit
- Business Credit Card
- Establish and Maintain Inventory
- Setup, Equip, or Expand your Business
- Seasonal Employees (full-time or temporary)
- Tax Payments or Unexpected Expenses

Residential Development & Construction

When you need money to make a deal work, there is no better time to work out financial details than well in advance. Planning and preparation with your Commercial Lender can pay off in big ways in the Residential Development & Construction business.

Features:

Types of Loans:
- Land Acquisition and Development (A&D)
- Construction Loans for Speculative or Custom Homes
- Front-end Project Financing or Flexible Line of Credit
- Commercial and/or Residential Developments
- Lending Team Stays on Top of Project Progress for Prompt Progress Draws
- Single and/or Multi-Family Homes

SBA & USDA Loans

These loans are partially backed by the Federal Government, primarily in rural areas. Planters Bank has experienced Commercial Lenders to help you determine if you are eligible for this type of loan and work with you to take advantage of these loans.

Features:

Types of Loans:
- Small Business Administration (SBA) Loans
- U.S. Department of Agriculture (USDA) Loans
SBA Guarantees up to 85% of loans up to $150,000 or 75% of loans greater than $150,000
USDA Business Loans offer higher loan amounts, lower interest rates, and longer terms than conventional bank loans, ideal for small business owners, non-profits, and other organizations in rural areas
Assistance from an experienced, Local Business Banker who understands federal-backed lending programs

More on Federal-Backed Small Business Loans:

SBA 7(a) Loans:
- Available for Many Types of For-Profit Small Businesses
- Can Be Used for Multiple Purposes Including Business Start-up Costs, Property Acquisition or Renovation, Working Capital, Acquiring Fixed Assets, or Other Purposes
- Fixed Maturity Not Based on Collateral Requirements
- Structured as a Term Loan with Monthly Payments
SBA 504 Loans:
- Available for Many Types of For-Profit Small Businesses
- Can Be Used for Acquiring Long-Term Fixed Assets, Long-Life Equipment, Certain Working Capital Expenses, or Facility Improvements, Including Energy Efficiency
- Fixed Maturity of 20 Years for Real Estate or 10 Years for Equipment
- Structured as an Amortizing Loan without Balloon Payments
USDA Rural Development Loans:
- Available to For-Profit Businesses Operating in Rural Areas (Generally Population 50,000 or Less) Committed to Expanding Employment Opportunities
- Can Be Used for Multiple Purposes Including Business Property Acquisition or Renovation, Working Capital, Acquiring Fixed Assets, or Other Purposes
- Fixed Maturity up to 30 Years
- Structured as a Fully Amortizing Loan without Balloon Payments

Loan Payback Options

Features:

Single Purpose Installment Loan – with repayment ranging from Months to Years
Adjustable Rate – with up to 15-Year Amortization
Fixed Rate – with up to 30-Years Amortization

Commercial Loan Application Loan Calculators

¹Your Planters Bank Checking Account must be open for at least 90 days to be eligible.