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Government Guaranteed Loans | Institutional Deposits
Heritage Bank offers financing to companies that are pre-profit, highly leveraged, and/or under-capitalized with revenues in annual sales of $120,000 through $25,000,000. Also for companies that are experiencing expansive mode where sales growth outstrips working capital, a leveraged buyout,
acquisition, merger, recapitalization, spin-off, "turnaround" situation, taxing agency problems, or companies in debtor-in-possession bankruptcy. The types of financing include, but are not limited to, Working Capital, Lines of Credit secured by account receivables and inventory, Equipment Term loans,
and Traditional Factoring Facilities.
For more information, please contact the Capital Group at Heritage Commerce Corp at (800) 642-9119.
- A. Small Business Administration Loans:
Heritage Bank can help you take advantage of opportunities available to you as a small business operator through the Small Business Administration (SBA). Heritage Bank's SBA Lending team offers services including in-house approval within 5 to 10 days, competitive rates, flexible loan amounts up to $2,000,000, fully amortized loans. Heritage is a "Preferred Lender" of the Small Business Administration and its team has over 50 years of combined SBA lending experience.
The SBA Department at Heritage has recently been ranked number 4 in Northern California and number 25 in the nation. For more information, please contact the SBA Lending Department at Heritage Commerce Corp.
- B. Business and Industry Loans:
Heritage Bank offers USDA (United States Department of Agriculture) Rural Development's Business and Industry lending services. These services include loans available to businesses located in rural areas, in-house approval within 5 to 10 business days, flexible loan amounts up to $10,000,000, fully amortized loans, and up to 30 years maximum term. We have "Certified" status with special software provided by the USDA that enables us to streamline the application process, providing faster turn-around time for the borrower.
For more information, please contact SBA/RDA Lending Department at Heritage Commerce Corp.
Institutional Deposits are Certificates of Deposit that Heritage Bank offers to businesses. Institutional Deposits are only offered on the internet under National CD Rateline, which Heritage subscribes to and updates weekly. The Institutional Deposits offer terms of 6 months, 9 months, 1 year, and 18 months with a minimum deposit of $95,000. For more information, please contact Banking Services at Heritage Commerce Corp.
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