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Commercial Lines of Credit

Colonial American Bank offers various types of revolving lines of credit to finance short term working capital needs. With a commercial line of credit, we will provide you a revolving line of credit, whereby your business can borrow, repay and re-borrow up to a set credit limit. A CAB revolving line of credit offers the following benefits:

  • Establishes a maximum credit facility to better control the cash needs of your individual business cash flow cycle
  • Flexible repayment terms with interest only, monthly payments
  • Competitive interest rates
  • Local, experienced lenders available to assist you in your decision making

For more information or current rates, please contact Lisa Borghese at 732-784-6796 or Scott McLaughlin at 732-784-6802 or email at lborghese@colonialamericanbank.com or smclaughlin@colonialamericanbank.com

Commercial Term Loans

A CAB term loan can be customized to meet the needs of your business and can be used to finance various capital needs, such as; equipment acquisition, new machinery, vehicles and permanent working capital for your growing business. With a CAB term loan, we can fund a percentage of the useful life of the asset being purchased with the asset being used as collateral for the loan, or the loan can be secured with alternate collateral. A CAB term loan offers the following benefits:

  • You can better manage your cash flow by financing a capital improvement over a longer term payout with terms ranging from 3 to 10 years
  • Interest rates can be approved on either a competitive variable rate or fixed rate basis
  • Local, experienced lenders are available to assist you in your decision making

For more information, or current rates, please contact Lisa Borghese at 732-784-6796 or Scott McLaughlin at 732-784-6802 or email at lborghese@colonialamericanbank.com or smclaughlin@colonialamericanbank.com

Commercial Mortgages

CAB offers commercial mortgage financing on both owner occupied and investment properties. CAB’s commercial mortgage loans can be used to fund the purchase of commercial properties or to refinance current mortgage debt and can be customized to meet your individual requirements. A CAB commercial mortgage loan offers the following benefits:

  • Flexible repayment terms up to 25 years
  • Competitive variable and fixed interest rates
  • Local, experienced lender are available to assist you in your decision making

For more information, or current rates, please contact Lisa Borghese at 732-784-6796 or Scott McLaughlin at 732-784-6802 or email at lborghese@colonialamericanbank.com or smclaughlin@colonialamericanbank.com

Commercial Construction Loans

A CAB construction loan can be used for either commercial or residential properties. These loans can be used to fund the purchase of properties that require immediate renovation and/or construction needs with the option, at completion, to convert these loans into permanent mortgages. A CAB construction loan offers the following benefits:

  • Construction facilities extending up to a maximum of 2 years
  • Can be used for construction and/or renovation of office buildings, medical buildings, industrial and manufacturing facilities
  • Can be used by residential home developers for land development purposes
  • Local, experienced lenders are available to assist you in your decision making

For more information, or current rates, please contact Lisa Borghese at 732-784-6796 or Scott McLaughlin at 732-784-6802 or email at lborghese@colonialamericanbank.com or smclaughlin@colonialamericanbank.com

Medical Banking

Colonial American Bank’s Medical Lending Department specializes in the financing needs of medical practitioners. The medical community benefits from loans to facilitate various financing requirements. Our Medical Lending Department will provide finance for the following:

  • Fund the acquisition, construction and permanent loan for office facilities
  • Fund the fit-out and/or upgrade of existing office space, equipment and computer upgrades
  • Fund the acquisition or merger of another medical practice
  • Fund malpractice insurance premiums
  • Local, experienced lenders are available to assist you in your decision making.

For more information, or current rates, please contact Lisa Borghese at 732-784-6796 or Scott McLaughlin at 732-784-6802 or email at lborghese@colonialamericanbank.com or smclaughlin@colonialamericanbank.com

Click here to download Commercial Loan application and complete the form.

Click here to download the Personal Financial Statement and complete the form.

Call one of our loan specialists or drop off the completed application at any branch location.