Business Loan Rates
Contact the Asheville Savings Bank location most convenient to you for more information on rates for:
Business Loans
Recognizing the value of our relationship with you. We offer a broad array of financing terms to meet the needs of our customers. Rates and terms vary based upon many factors, but your relationship with us is a very significant element to our pricing schedule. We offer improved pricing to relationship customers of our bank.
Value-Added Benefits
At our bank, we believe in quick and efficient answers for our customers. Our loans are approved right here, at home, by real people who understand how small businesses function.
Lending Product Examples
Broadly speaking, Asheville Savings Bank is actively looking to serve its customers with traditional financing structures including:
- Term Loans
- Commercial Mortgages
- Lines of Credit
- Business Credit Cards
Below you'll find a list that includes some specific kinds of loans we make, every day, to benefit our customers:
- Expansion of an existing plant or office facility.
- Purchase of income-producing real estate for investment purposes.
- 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.
Construction of new facilities.
Elan Visa Business Travel Card
This special Visa Card features one free travel point for every net purchase dollar charged. Earn up to 10,000 points a month. Exchange points for free tickets on any airline with no blackout dates or seating restrictions-all for a low $55 annual travel fee.
Elan Visa Business Card
You'll pay no annual membership fee as long as you make at least one purchase per year.
SBA Loan Programs
Asheville Savings Bank is an approved lender for the Small Business Administration. SBA loan programs frequently afford customers access to more funds at highly competitive, long-term fixed rates. We are experienced in helping our customers navigate the SBA loan process. While the Small Business Administration offers a wide number of lending programs, the Business Banking division of Asheville Savings Bank has direct experience with the following loan programs offered through SBA:
504 (Certified Development Company) Program. This program, commonly referred to as the "504 Program," makes long-term loans available for purchasing land & buildings, machinery & equipment, and for building, modernizing or renovating existing facilities and sites. Its most recognized benefits include (i) up to 90% financing and (ii) long-term (20-year) competitive fixed rate financing.
7(a) Loan Guaranty Program. This is one of SBA's primary lending programs. It provides loans to small businesses unable to secure financing on reasonable terms through normal lending channels. The SBA provides a limited guarantee on the loan extended by Asheville Savings Bank.
