Business Loans & Credit
Inventory expansion, new construction, acquiring new equipment – a successful business is always growing, and that creates a need for more capital. At Southern Community, we work with you to identify your needs and supply the funds to help you grow. And because our decisions are made locally, we can provide the individualized, customer-based service you want – and deserve.
Business Lending
Southern Community can provide loans of virtually any size to businesses of virtually any size, including 7(a) and 504 business loans structured by Small Business Administration requirements and a variety of government-backed agricultural and rural loans for farmers and agribusiness.Business Credit Cards
Our Business Advantage Card provides a revolving, unsecured line of credit from $500 to $25,000, and also lets you earn Visa® reward points.Commercial Finance Services
We understand there are times when good companies with strong management, a sound business plan and a stable customer base can find themselves in need of cash. We can help, with specialized financing options based on the assets your company holds.
Asset-Based LendingRecourse Factoring
- Use your assets to secure a line of credit for expansion, product development, etc.
- Assets can include accounts receivable, inventory, machinery and equipment, or real estate
- Southern Community purchases your company's accounts receivable, providing immediate capital to your company
Construction Lending
At Southern Community, we have a dedicated Construction Lending department that focuses on the needs of builders and developers. We provide flexible and specialized financing including pre-approved lines of credit for construction, building loans, permanent mortgage financing and acquisition and development loans.
Loans and lines of credit are subject to credit approval.