Commercial Loan
Woori America Bank offers various types of commercial lending products to accommodate your needs and achieve your short or long-term financial goals. We can help you financing from business acquisition, modernization or other asset purchase.
|
|
Types of Commercial Loans
Commercial Loan
- Starting as low as $10,000
- Up to 5 years & Fully amortized up to 5 or 10 years, depending on loan amount
- P & I, Monthly
- Variable Interest Rate (Indexed to WSJ Prime Rate)
Equipment Loan
- Starting as low as $25,000
- Up to 5 years & Fully amortized up to 5 years
- P & I, Monthly
- Fixed or Variable Interest Rate (Indexed to WSJ Prime Rate)
Small Business Express Loan
- Starting as low as $10,000
- Up to 5 or 7 years depending on loan amount & Fully amortized up to 5 or 7 years, depending on loan amount
- P & I, Monthly
- Variable Interest Rate (Indexed to WSJ Prime Rate)
|
Have difficulties in choosing what suits your needs the best?
Take a quick glance of benefits of each product:
Use of Proceeds
|
|---|
|
Commercial Loan
|
- Working Capital, Business Purchase or Expansion, Business Asset Purchase, Debt Refinance
|
|
Equipment Loan
|
- New or used income producing equipment purchase or refinance
|
|
Small Business Express Loan
|
- Working Capital, Business Purchase or Expansion, Business Asset Purchase, Debt Refinance
|
Collateral Requirement
|
|---|
|
Commercial Loan
|
- Senior UCC on business assets
- Other collateral may be required depending on your qualification
|
|
Equipment Loan
|
- Senior UCC on equipment(s) financed
|
|
Small Business Express Loan
|
|
Others
|
|---|
|
Commercial Loan
|
- No Prepayment Penalty
- Auto debit from Woori America Bank Checking Account
- Other terms, conditions and restrictions may apply
|
|
Equipment Loan
|
|
Small Business Express Loan
|
|
Have a Question?
For more information, please call customer service at 1-888-MyWoori (699-6674) or contact us online.
Contact Us
|
|