Position Your Business for Success with Our Business Loans
Running a business means being flexible. Overhead costs change. Businesses grow and need new spaces or locations. You need to remain flexible to leverage changing conditions to fuel the growth of your business. You need a business partner that helps you remain flexible, and that's exactly what you get when you choose to work with The Citizens Bank. We've designed our business loan options to work for you no matter your circumstances. Contact our team today or visit your local branch to learn more about our options.
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Business Loan Options Include:
| Loan Type | What This Loan Is | Best Suited For |
|---|---|---|
| Construction Loans | Construction loans provide short‑term financing for building or renovating commercial or residential properties. Funds are typically disbursed in stages as construction milestones are completed, rather than as a single lump sum. | Builders, developers, or property owners planning new construction or major renovations who need financing aligned with project timelines. |
| Real Estate Loans | Real estate loans are used to purchase, refinance, or improve commercial or agricultural property. These loans usually offer longer repayment terms and are secured by the property itself. | Businesses, investors, or farmers looking to acquire property, expand facilities, or refinance existing real estate. |
| Equipment Loans | Equipment loans help finance the purchase of new or used machinery, vehicles, or technology. The equipment itself typically serves as collateral, allowing businesses to preserve working capital. | Businesses or agricultural operations needing to upgrade or replace equipment without paying the full cost upfront. |
| Lines of Credit | A line of credit provides revolving access to funds for day‑to‑day expenses. Borrowers can draw from the line as needed and only pay interest on the amount used. | Businesses or farms with seasonal or fluctuating cash flow that need flexible financing for payroll, inventory, or operating costs. |
| Letters of Credit | Letters of credit are financial guarantees issued by a bank on behalf of a borrower, assuring payment to a third party if certain conditions are met. They are commonly used in trade, contracts, or large transactions. | Businesses engaged in domestic or international trade, construction projects, or contracts that require payment guarantees. |
Agriculture Lines of Credit | An agriculture line of credit provides revolving access to funds to cover short‑term or seasonal expenses. Borrowers can draw funds as needed and repay the balance as income comes in, paying interest only on the amount used. | Farms or businesses with fluctuating cash flow that need ongoing access to working capital for inputs, payroll, inventory, or unexpected expenses. |