Thursday, April 24, 2014
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Business Banking
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Business Loans

First Financial Bank offers a full line of business loans that can be customized for your needs, whether you're financing a new company truck, upgrading your equipment, expanding your product line, needing a line of credit or building a new facility. You will find us helpful and knowledgeable. We also specialize in agriculture loans and SBA loans.

Working Capital Loans

Working capital loans are available to finance short-term credit needs due to accounts receivable and inventory build-up, seasonal factors, etc. Working capital loans are offered on a revolving and non-revolving basis, and the typical term is one year or less.

Agriculture Loans

Agriculture loans are made for the purchase, feeding, and care of livestock. Loans for equipment purchases and livestock operations are also available. Loan terms vary and are based on the purpose of the loan and the collateral pledged.

Equipment Loans

Equipment loans are made for most business purposes, including plant equipment, rolling stock, computer hardware and software, etc. Loan terms for equipment are set according to the economic life of the equipment. Generally, they do not exceed five years.

Floor Plan Loans

Floor plan loans can be advantageous for businesses that carry durable goods inventory such as automobiles, appliances, diesel trucks, boats, recreational vehicles, trailers, heavy equipment, etc. A floor plan loan can assist you in financing big ticket inventory [to preserve capital] and to keep an attractive selection of inventory available for your customers.

Commercial Real Estate Loans

Commercial real estate loans are available for businesses that need to purchase, construct, or add-on to a facility for manufacturing, retail, warehouse, or office purposes. Interim construction loans and permanent real estate loans with attractive rates and terms are available.

Residential Construction Loans

Construction loans are available for the purpose of building single-family residences. These loans generally do not exceed 85% of the appraised market value or 90% of the builder's cost. Loan proceeds are funded in stages corresponding to percentage of work completed, and construction progress is monitored through monthly site inspections. Since the loan is funded as the project proceeds, the builder borrows funds to cover costs as they are incurred and lowers the cost of borrowing. This method of borrowing also assures funds are available to complete the project.

Letters Of Credit

Letters of credit are available to businesses seeking a bank guarantee of payment to suppliers, governmental agencies, other creditors, etc. Letters of credit terms and conditions determine the fee charged by the bank to the customer.

First Financial Bank  | Member FDIC. Equal Housing Lender. © 2014 - First Financial Bankshares, All Rights Reserved