Just preparing to push off the dock? Or ready for the next leg of your journey? Bay Gulf has all hands on deck to handle the Florida commercial loan needs of new and existing businesses, including sole proprietorships, LLCs, corporations, and partnerships. We offer several types of small business loans and commercial loans to meet your business loan needs.  We are also an approved Small Business Administration (SBA) lender so that we may provide you with even more flexible, affordable solutions for all your business loan and commercial loan needs.

 

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Business Loans - Lines of Credit

Purpose:  flexible commercial loans/lines of credit for short-term working capital, receivables, inventory financing, general cash-flow management, or unexpected opportunities

 

Loan amounts:  unsecured lines start at $1000; secured lines start at $5000 and can be secured by real estate, equipment, inventory, or accounts receivable

 

 

Other benefits:  your business line of credit can also serve as an overdraft source for your business checking account

 

 

 

Business Loans - Vehicles

Purpose:  qualified business vehicles

 

Loan amounts:  up to 100% financing

 

 

 

Business Term Loans

Purpose:  business loan financing for major purchases such as office equipment, machinery, inventory, or supplies

 

Payments:  automated monthly repayment schedule

  

 

 

Commercial Loans for Real Estate

Purpose: to expand or remodel your business, purchase a business property, or refinance an existing business property

 

Rates:  competitive fixed or variable interest rates

 

Terms:  up to 25 year amortization

   

 

 

Small Business Administration (SBA) Loans

• guaranteed by the U.S. Small Business Administration
• longer terms and lower down payments than many other financing options
• two loan types to choose from, depending upon your needs 

 

Small Business Loans - SBA 7(1) Loan

Purpose: for nearly all types of small business loans, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing business loan debt, equipment purchases, working capital, and inventory

  

Loan amounts:  $150,000 to $2 million

  

Down payment:  as little as 10%

  

Terms:  up to 25 year amortizations 

  

 

Small Business Loans - SBA 504 Loan

Purpose: for large loan amounts including bigger real estate purchases or construction projects

  

Down payment:  as little as 10%

  

Terms: up to 30 year amortizations

 

 

Bay Gulf's commercial loans are ideal for any small business, offering standard commercial loans, vehicle business loans, and even business loans for real estate.  Call Bay Gulf, your Tampa, Florida credit union, at 813.932.1301 to consult with a Business Services advisor, or, apply for a loan now.