Offerings include: term loans, revolving lines of credit and letters of credit
Interest rates and terms vary dependent upon collateral, financial status of borrower, purpose, as well as other determining factors
Offerings include: commercial real estate purchases or acquisitions, commercial construction and development
Interest rates and terms vary dependent upon collateral, the financial status of borrower, purpose, as well as other determining factors
A letter of credit, or “credit letter” is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase and will issue an already agreed-upon Note to the borrower. Encore Bank offers both Stand-By and International Letters of Credit.
We offer four prominent Small Business Loan programs to help you manage the inflow and outflow of cash for your business.
May be secured or unsecured (depending on the situation)
Terms vary (generally 12 months reviewed on an annual basis)
The interest rate varies to fit your unique situation
