BusinessSolution Loans
Now more than ever you need easier access to finance the needs of your business. BOk's BusinessSolution Loans are designed to simplify your Business Banking needs.
Revolving Line of Credit
- Loan Amounts: Maximum - $2.5 million
Minimum - $5,000
- Repayment Terms: During revolving period there is no monthly minimum principal balance reduction required. Interest payment is required on a monthly basis.
- Rate: Variable
- Access: Minimum draw of $1,000
- Overdraft Feature: Line will automatically be advanced in increments of $1,000 when the balance of the checking amount tied to the credit facility enters an overdraft status.
Real Estate Equity Line of Credit
- Loan Amounts: Maximum - $2.5 million
Minimum - $25,000
- Repayment Terms: During revolving period there is no monthly minimum principal balance reduction required. Interest payment is required on a monthly basis.
- Rate: Variable
- Access: Minimum draw of $1,000
- Overdraft Feature: Line will automatically be advanced in increments of $1,000 when the balance of the checking account tied to the credit facility enters an overdraft status.
Equipment or Vehicle Term Loan
- Purpose: Purchase or refinance of new or used business equipment or vehicles.
- Loan Amounts: Maximum - $2.5 million
Minimum - $2,500
- Terms: Five to seven years
- Rate: Fixed or Variable
- Collateral: Secured with new or used business equipment or vehicles.
Real Estate Term Loan
- Purpose: Purchase or refinance of commercial property for occupancy by the business or lease to a second party or for other business purposes.
- Loan Amounts: Maximum - $2.5 million
Minimum: $25,000
- Terms: Five, seven or ten-year balloon note based upon a 20-year amortization.
- Rate: Fixed or Variable
- Collateral: Guarantor's primary residence or commercial real estate.
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Financial Position Update |
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>> For more information on our stable financial position, please click here.
To find out more information about BOK Financial, our parent company, please click here. |
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