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Download a Commercial Loan Application..
Pilgrim Bank offers a wide variety of Commercial Loan products
that are defined as an extension of
credit to a sole-proprietorship, a partnership or a Corporation.
The purpose of these loan types is limited to business or professional
use. If your needs do not fit into one of the following categories,
the lending staff at Pilgrim Bank will work diligently to tailor
one of our products to meet your specific needs. In addition, Pilgrim
Bank works closely with such entities as the Small Business Administration,
U.S. Department of Agriculture and the State of Texas to further
expand our product line and help us meet your lending needs.
Click on the types of loans below for more information
Commercial Real Estate Lending
Pilgrim Bank provides funding for the purchase, development and improvement
of Commercial Real Estate. This loan type can be structured as
an advancing line of credit for the purpose of funding the construction
costs of a new facility. Alternatively, if your need is to purchase
or simply refinance the project, loan terms can be set for this
financing.
Commercial Real Estate Lending (Poultry Houses)
Unique to this region, Pilgrim Bank provides funding for the purchase
or construction of poultry production houses.
Commercial Equipment Lending
Pilgrim Bank provides funding
for the purchase of equipment used for commercial purposes. This loan type
is structured on an amortization schedule based on the useful life of the
subject equipment.
Commercial Working Capital Lending
Pilgrim
Bank provides funding to be used for working capital during the
accounts receivable collection period or for the purchase of inventory.
This loan type may be structured as a revolving line of credit
or put on an amortization schedule requiring regular payments of
principal and interest.
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