Commercial property loans are a specific class of financing that can be·used to purchase property for any type of business use. Commercial property is property that· is generating·some kind of income·for a business (and / or contributes to the success of the company).
Woodsfield Savings Bank offers commercial property loans that can be used·to expand your existing business and to refinance existing debt. Loans for commercial and rental properties are available at 2% above our current mortgage rates and business building loans can be 1, 3, and 5 year adjustable rate mortgages (ARM) with a maximum amortization of 15 years while rental properties are available with the option for a fixed or adjustable term.
Call us to see how these loan products can help improve your business today!