Asheville Savings Bank

Business Loans


We offer a wide array of lending products and services designed to help Asheville business owners achieve their financial goals. From short-term cash flow to new equipment leasing, we’ve got you covered. And as your local bank, 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 needs are, we can help, and we’re 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.
  • 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.

Business Credit Cards

A business credit card can take away many of the hassles of your day-to-day business expenses. Our options include:
  • Elan Visa Business Travel Card—Features one free travel point for every net purchase dollar charged, double points for travel and lodging purchases. Exchange points for gift certificates, merchandise or free tickets on any airline—with no blackout dates or seating restrictions—for one $55 annual travel fee.
  • Elan Visa Business Card—Pay no annual membership fee as long as you make at least one purchase per year.
  • Visa Extra Business Card—Pay no annual fee. Earn 1 point for every dollar and double points at $4,000 in a year. Earn up to 20 points per dollar on certain qualifying purchases and exchange points for a variety of merchandise or gift certificates.

Small Business Administration (SBA) Loan Programs

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.
FDIC