Whether you need funding for start-up or expansion, a loan can be the lifeblood of your business. We offer a number of commercial loan programs which can be tailored to your needs:
This type of loan allows you to borrow up to a predetermined limit any time during the commitment period. Interest applies only to the amount you borrow.
Your accounts receivable can be pledged as loan collateral. The financial condition of your business, together with the collectability of the receivables, are also considered.
Inventory loans can be made for a percentage of your total inventory cost, with the inventory pledged as collateral. You make payments as your inventory is sold.
With this type of loan, you can finance major equipment or building expansion purchases which can serve as collateral. The amount and period of repayment is determined by the equipment’s economic life, the resale market, the value of the building and land, and the financial condition of your company.
Similar to a line of credit, a construction loan is used to finance commercial construction projects. You draw funds as needed to pay contractors and suppliers. When the building is completed, the loan is paid off with proceeds from permanent financing. Most construction loans are granted after permanent financing has been arranged.
With each real estate financing opportunity, we strive to provide a committed source of capital that matches the funding objectives.
Hancock Bank owns a variety of real estate properties including residential, commercial and/or lot/land properties.
Click here for a complete list of properties for sale.
- A wide range of options and the dedicated service you need.
- More flexible options to help businesses that might not qualify for traditional loans.
Other Government loans
- Hancock Bank holds a "Preferred Lender" designation with the U.S. Small Business Administration (SBA)
- Hancock Bank also participates in other State and Federally guaranteed loan programs such as:
- USDA Rural Business Services
- State-supported programs
The bank provides stand-by and import Letters of Credit at competitive rates. Letters of Credit are structured in a variety of ways to accommodate the customer’s needs.
Distinctive, high-value financial products and services for business in the Oil and Gas industry, including reserve-based lending services, midstream and pipeline lending, and oil field services. Click here for more information.