Business is more than just a numbers game.
At First Hope Bank, it’s all about the relationship. We look beyond decimal points and percentages to find a solution that truly works for your business. First Hope brings a personal touch to commercial lending. Of course, numbers are important too – and you’ll love the fact that ours are always competitive.
Overview
- Competitive interest rates
- Local decision-making
- Personal service, every step of the way
- Wide range of financing options
- Flexible terms
Financing Options
Commercial Mortgages
Commercial Term Loans
Commercial Lines of Credit
Medical Lending
Commercial Mortgages
The financing you need for the acquisition, refinance, or construction of commercial real estate. Available financing on office buildings, shopping centers, industrial warehouses, or apartment complexes, to name a few.
Features and Benefits
- Purchase or refinance
- Property types include, but not limited to:
- Multi-family
- 1-4 family investment
- Mixed-use
- Industrial/warehouse
- Retail/office
- Owner-occupied or investment properties
- Fixed monthly payments of principal and interest
- Terms up to 25 years
- Loan amount up to a maximum of 75% of the property value
- Construction financing also available
Commercial Term Loans
Expand your operations while improving your business cash flow. It’s hard to do a good job without the right tools. Whether it’s replacing outdated equipment or investing in new technology, First Hope can structure a financing solution to fit your needs. We can help you remain current to remain competitive.
Features and Benefits
- Purchase of new or used equipment or building improvements
- Terms up to 7 years
- Loan amounts up to a maximum of 80% of the purchase price
Commercial Lines of Credit
Gain the flexibility you require with easy access to funds, whenever you need it. This is a perfect solution for short-term and seasonal needs. Don’t miss out on opportunities due to cash flow. Set up a commercial line of credit today!
Features and Benefits
- Short-term working capital
- Typically mature in one year (30-day clean-up periods may be required)
- Monthly interest-only payments
- Typically secured by accounts receivable, inventory, or real estate
Medical Lending
The financing your health care practice desires. Whether it’s to purchase the latest equipment, to expand your existing practice, to finance an acquisition or just much needed working capital, First Hope Bank has the solution that fits your needs. Get all this while benefiting from the personalized, top-notch service we’ve provided for over 100 years.
Features and Benefits
- Provide credit solutions to licensed healthcare professionals including, but not limited to:
- Physicians
- Dentists
- Optometrists
- Veterinarians
- Loan purposes include, but are not limited to:
- Practice acquisition
- Equipment financing
- Practice buy-ins and buy-outs
- Refinancing existing debt
- Purchasing of real estate for practice
- Financing may also be considered for ambulatory surgery centers, mental health facilities, senior daycare centers, funeral homes and more.
- Benefits of First Hope financing:
- Lenders with extensive medical lending experience
- Personalized service from start to finish
- Quick and efficient process from application to close
- Extremely competitive rates and fees
- Over 100-year history of providing incredible service to our customers and communities
- Full suite of deposit and treasury products to fit your banking needs
- Minimum of five years’ experience as a medical professional
Additional Financing Options Available
Contact Us
We can help you one-on-one find the right product for you and your business. Please visit one of our six convenient locations or contact us by emailing commercial@firsthope.com or calling 908-459-6036.
Get the financing you need to grow your business.
Now with the convenience of applying online for loans up to $100,000!
Please complete, acknowledge and sign all documentation. Upon submitting your loan application, a commercial lending professional will reach out to collect your complete loan package. To prevent any unnecessary delays in your application, please be prepared to provide the following documentation.
- Documentation Required for Commercial Loan Applications:
- Commercial loan application
- Personal Financial Statement for all Owners with greater than or equal to 20% ownership
- Business’ Bank Statements for the last 3 months on all Business accounts
- Copy of invoice, contract or proposal if loan is used to purchase equipment, vehicle or real estate
- Business Federal Tax Returns: last 3 years complete with all Schedules (CPA Audited or Reviewed statements may be substituted)
- Fiscal Year End Financial Statement (Business prepared): required if current tax return is not yet filed
- Year to Date Profit & Loss Statement (Business prepared): required if applying more than 6-months after Business’ fiscal year end
- Personal Federal Tax Returns: Last 3 years complete with all Schedules for all Owners with greater than 20% ownership interest. (Include all K-1 statements for businesses identified on Schedule E and all supporting statements attached to the return)
- Certificate of Formation/Incorporation
- By-Laws/Operating Agreement
- For Real Estate: rent roll, lease copies and purchase contract (if applicable)
- All loan payments require automatic debit from the Business/Borrower’s First Hope Bank checking account.
- Evidence of business and/or real estate property insurance coverage will be required to support loan request.
- Entity documentation will be required at deposit account opening and/or prior to loan closing.
- Subject to approval. Bank may request additional documentation and financial information deemed necessary.
