Business Loans
Asheville Savings Bank is Your Community Lender. Our lender’s main objective is to be your banker focused on your business. We have knowledgeable bankers who are committed to understanding your business to determine the lending program that is right. We make our loan decisions locally by our lending team that knows you and your business. Our bankers are actively involved within the communities in which you do business.
We offer lending programs designed to help business owners achieve their financial goals. From short-term cash flow to new equipment leasing, we’ve got you covered. And as your community lender, we make decisions quickly and efficiently and always look at more than just credit ratings.
Our financing products include:
- Term Loans
- Commercial Mortgages
- Lines of Credit
- Business Credit Cards
No matter what your business need s are, we can help. We are committed to finding the repayment option that works best for you. We can provide loans for a variety of business opportunities, including:
- Expansion of an existing facility.
- Acquisition of an existing business.
- Capital asset expansion.
- Facilities improvements.
- Purchase of equipment.
- Purchase of vehicles or trucks.
- Working capital lines of credit.
- Leasing of business assets.
Small Business Administration (SBA) Loan Programs
Small businesses are the lifeline of Western North Carolina. That’s why Asheville Savings Bank offers affordable SBA loans with low down payments and longer payment terms. SBA loans offer access to more funds at highly competitive, long-term fixed rates. As an approved lender for the SBA, we are experienced in helping our customers navigate the process to find the solutions that fit best. SBA loan programs include:
- 504 Certified Development Company (CDC)—
- This program offers long-term, fixed-rate financing for major fixed assets such as land, buildings and machinery. 504 CDC was designed primarily to create and maintain jobs in small-and medium-sized businesses.
- 7(a) Loan Guaranty Program.—
- This is one of SBA's primary lending programs. It provides loans to small businesses unable to secure financing at reasonable terms through normal lending channels. The SBA provides a limited guarantee on the loan extended by Asheville Savings Bank.
- SBA Express loan program—
- This program authorizes preferred lenders to use our own analysis and procedures process on certain loan amounts, creating a more streamlined and efficient process for the borrower.
Other resources include: