Our team of seasoned Corporate Bankers can assist you with corporate banking services to help your business grow and succeed in today’s competitive marketplace. As a relationship-driven organization, U.S. Century Bank’s goal is to provide local business owners with the tools you need today, when they count most.
We offer you the credit solutions that will keep your business healthy, growing and operating smoothly. Whether it’s for purchasing new equipment, improving your cash flow, or expanding your facility, we have the right type of loan for your business needs.
U.S. Century offers Asset-Based Loans for medium and large-sized businesses. Loans are secured by current assets with up to 80% loan to value. These loans are usually helpful to finance account receivables and inventory, which will assist your cash flow needs. Asset-Based Loans are typically structured as a revolving line of credit without a schedule repayment and on an interest-only basis. We advance funds based on a percentage of the accounts receivable and inventory and, when such assets convert to cash, the advances are repaid accordingly. You can borrow, repay and re-borrow as needed over the life of the loan facility.
Lines of Credit
U.S. Century is committed to helping you grow your business. Our secured lines of credit can give your business the additional flexibility it needs by allowing you to finance short-term cash needs to purchase inventory or equipment or even to use it as working capital. Establishing a business line of credit reduces the time you spend on day-to-day cash flow and allows you to focus on your business.
Do you need to modernize your plant, finance a major new purchase of equipment, refinance debt or need permanent working capital? Our Term Loans can finance fixed assets, the purchase of new machinery or other capital equipment, as well as debt-restructure. U.S. Century’s business term loans with up to five-year maturities provide you with the funding you need to expand your business and even take advantage of new technology.
Letters of Credit
U.S. Century issues a variety of letters of credit from Commercial, Import/Export to Standby that allows you to purchase goods on credit or guarantee the performance of a contract.
Contact our experienced team of Corporate Bankers today at (305) 715-5229 to obtain the essential banking solutions for your business.