Commercial Loans & Credits

Loans allow you to grow, succeed, take that next step; they are the lifeblood of your business. New hires, new equipment, expanded marketing, newly constructed or renovated facilities—all of this becomes possible with commercial loans. And we have just the borrowing options for your particular business moment.

Provident Bank’s lenders are experienced, dedicated, skilled, and in tune with your needs. No matter if your financing requirements are large or small, we offer a high level of personal service, competitive rates, and a prompt response. That’s why there are no gatekeepers here. Instead, you’ll deal directly with local key decision makers who understand your immediate business landscape. From that position, they provide custom solutions with a quick turnaround—because we know you have to get right back to what’s important: doing business. Now that’s Commitment you can count onSM 

Commercial Loans 

Cash flow, working capital, wiggle room… the perennial thorn in every business owner’s side. Inevitably, you will have short or long-term borrowing needs. And when you do, we’ll be there to cover the gap—like welcome rain during a drought—with competitive fixed or floating interest rates and flexible repayment terms. To handle your needs more efficiently, Provident created two commercial lending groups. Business Banking deals with loans of $3 million or less and Middle Market with loans of $3 million or more. 

  • Lines of Credit: Every business experiences interruptions in cash flow. A line of credit gives you ready access to cash when you need it—to maintain operations, compensate for short falls and seasonal changes, and, on a larger, longer-term scale, to expand into new markets. Lines of credit may also be used as overdraft protection from $5,000 to $10,000 when linked to your Provident business checking account.
  • Term Loans: Flexible, individually-tailored term commercial loans can help finance capital expenditures— like new or used equipment, vehicles, real estate, or leasehold improvements—and consolidate debt without putting a chokehold on cash flow.  
  • Owner-Occupied Commercial Mortgages: Renting is like watching your money march straight out the door. Build equity, improve your bottom line, and solidify your reputation by buying or refinancing the building.

Small Business Loans 

An SBA loan, brought to you by Provident and the Small Business Administration, can help you start, buy, or grow a business. It offers flexible qualification requirements, long repayment terms up to 25 years, and high borrowing limits—from $200,000 to $5 million. Provident is also in the advantageous position of being an SBA Preferred Lender, which means we can directly approve your loan application without waiting for the Small Business Administration’s decision. This streamlined application process will get you the money you need faster! 

For smaller credit needs, Provident also offers Credit Score loans up to $100,000. They are designed for small businesses in operation for a minimum of 2 years with annual revenues of $5 million or less. In most cases, Credit Score loans can be approved in 24-48 hours.        

Commercial Mortgages 

Nothing says you’ve made it quite like owning a building that someone else inhabits. Rental income can prove to be a highly valuable alternative revenue stream. So when you’ve found the perfect commercial site, don’t wait. Our commercial mortgage lenders can make it happen—with personal service, quick turnaround, and a variety of terms at fixed and floating rates. We’ll help you purchase or refinance office space, retail buildings, industrial facilities, or warehouses and make property expansions or renovations.  

Construction Loans 

Get your hard hat! Expanding your real estate is always an effective way to take your business to the next level. So whether you’re building from the ground up or adding onto an existing property, let Provident be the foundation under your feet. From tract developments with multiple homes to condominium complexes, retail centers, and office buildings, we can take your project from concept to completion with commitment and flexible rates and terms.  

Investment Real Estate Lending 

Real estate is a sound investment for the business, but, unfortunately, obtaining a loan for income-generating property can be difficult. At Provident, we make things easy with flexible and affordable financing to purchase or refinance multi-family housing developments, industrial buildings, office spaces, mixed-use buildings, retail properties, and more. We offer loan amounts ranging from $100,000 to $1 million. And with competitive rates, various repayment options, terms up to 25 years, and an auto-debit feature linked to your Provident checking account, we’re sure our smart and savvy lenders can devise a real estate lending solution that works for you. 

Letters of Credit

Trade letters of credit help eliminate the obstacles involved in foreign trade. Provident can mitigate risk by facilitating the receipt and payment of goods on behalf of both parties. So, no matter where in the world you’re doing business, we’ll be there. 

Domestically, standby letters of credit guarantee payment so a product or service can be rendered in return. These protect a third-party, like a landlord or vendor, from any losses it would incur if your business failed to perform some obligation.