Term Loans
Time Loans
SBA Loans
Development Loans
Lines of Credit
Commercial Mortgages
Construction Mortgages

Term Loans
A term loan is ideal for financing "long-term" assets such as machinery equipment, leasehold improvements, or to provide permanent working capital. Interest rates can be fixed or variable with terms up to seven years.

Time Loans
A great loan for your short-term financing needs that helps you out when you're in a pinch to finance a one-time expense which has a short-term source of repayment. Short-term loan financing is available for terms up to ninety days.

SBA Loans
Independently owned and managed businesses in need of funds for a specific purpose, such as working capital, renovations or the purchase of machinery or equipment, can improve their borrowing power by having the Small Business Administration guarantee part of their loan(s).

Development Loans
A development loan is a short-term loan (less than 5 years) to buy and/or develop a parcel of land into home building sites by constructing roads, sewer and water lines, and utilities. The loan is secured by a mortgage lien on land and improvements and is paid as lots are sold.

Lines of Credit
Allows your company to borrow against an established credit limit for short-term working capital. A line of credit can be secured or unsecured.

Commercial Mortgages
Long-term permanent financing (5 years or more) used to construct, purchase, or refurbish owner occupied or non-owner occupied commercial buildings. The loan is paid from either the owners' profits/income or from the collection of rent from the tenants. Typically, the bank will lend up to 80% of the property's appraised value or cost, whichever is less. The mortgage may carry a fixed or variable rate, depending upon the borrower's particular situation. Call us to find out how to get the financing you need when you need it!

Construction Mortgages
Short-term financing with the added feature of converting to a permanent loan upon completion of construction. The Elmira Savings Bank can help you finance the construction of multi-family units, commercial and industrial buildings or residential development. When starting a new construction project, start by talking to us first!!