Exchange Bank Business Loans — Term Loans, Lines of Credit & Equipment Financing
Exchange Bank offers flexible business lending designed to match how companies actually operate. Whether you need a lump-sum term loan for a capital project, a revolving line of credit to smooth out cash flow, or equipment financing tied directly to the asset being purchased, our commercial lending team provides local underwriting decisions without the wait times common at national banks. Call (800) 397-3962 to speak with a business banker.
Exchange Bank provides three core business loan products: term loans ($25,000–$2M, 1–10 years), revolving lines of credit ($10,000–$500,000, 12–24 month draw periods), and equipment loans (up to 100% of equipment value, 2–7 years). Minimum credit score is generally 650. Businesses with 24+ months of operating history and documented revenue qualify for the broadest range of products. Decisions are made locally. Contact (800) 397-3962 for a same-day consultation.
Business Lending Products
Three Ways Exchange Bank Funds Your Business
Each product is built for a different financing need. Choosing the right structure reduces total interest cost and keeps cash flow predictable.
Fixed Capital for Defined Projects
An Exchange Bank term loan delivers a single disbursement at closing, repaid in equal monthly installments over an agreed term. This structure suits purchases or projects with a known cost: a property improvement, a fleet acquisition, a technology upgrade, or a buyout of a business partner. Because the payment amount never changes, budgeting is straightforward.
Terms range from 12 months to 10 years depending on the purpose and collateral. Loan amounts start at $25,000 and extend to $2 million for well-qualified borrowers. Interest rates are available as fixed or variable. Fixed rates provide payment certainty; variable rates — indexed to the prime rate plus a margin — may cost less over shorter terms when rate conditions are stable.
- Loan amounts: $25,000 – $2,000,000
- Terms: 12 months – 10 years
- Rate types: fixed or prime-indexed variable
- Collateral: real estate, equipment, or business assets
- Funding: typically 5–10 business days after approval
Flexible Access to Working Capital
A business line of credit from Exchange Bank gives you an approved borrowing limit you can draw from as needed. You pay interest only on the balance outstanding — not the entire limit. This makes lines of credit the preferred tool for managing accounts-receivable gaps, covering payroll during slow periods, or funding inventory ahead of a seasonal surge.
Credit limits range from $10,000 to $500,000. The initial draw period runs 12 to 24 months, during which you can borrow and repay repeatedly. At the end of the draw period, any outstanding balance converts to a repayment schedule. Annual review ensures your limit reflects current business performance.
- Credit limits: $10,000 – $500,000
- Draw period: 12 – 24 months, renewable annually
- Interest on drawn balance only
- Secured and unsecured options available
- Access funds via business checking transfer or dedicated draw account
Finance the Tools That Drive Revenue
Equipment loans from Exchange Bank let you acquire machinery, vehicles, technology, or medical devices without depleting working capital. The equipment itself serves as collateral, which simplifies the underwriting process and often allows for financing up to 100% of the purchase price. This means no large down payment pulling cash away from operations.
Loan terms align with the expected useful life of the equipment — typically 2 to 7 years. Payments are fixed, making depreciation planning straightforward. Exchange Bank works with both new and used equipment and can finance purchases from dealers or private sellers.
- Finance up to 100% of equipment value
- Terms: 2 – 7 years, matched to useful life
- New and used equipment eligible
- Fixed monthly payments throughout the term
- Funding within 3–7 business days for standard transactions
Side-by-Side Comparison
Exchange Bank Business Loan Products at a Glance
Use this table to compare loan structures before speaking with a business banker. Rates and terms reflect current guidelines and are subject to credit approval.
| Loan Type | Loan Amount Range | Term | APR Range | Collateral | Funding Time |
|---|---|---|---|---|---|
| Term Loan | $25,000 – $2,000,000 | 12 months – 10 years | 7.25% – 12.50% | Real estate, equipment, or business assets | 5 – 10 business days |
| Line of Credit | $10,000 – $500,000 | 12 – 24 month draw period | Prime + 1.50% – Prime + 4.00% | Unsecured or A/R, inventory | 3 – 7 business days |
| Equipment Loan | $10,000 – $1,000,000 | 2 – 7 years | 6.75% – 11.00% | Equipment being financed | 3 – 7 business days |
APR ranges are illustrative and subject to creditworthiness, loan term, and prevailing market rates. Contact Exchange Bank for a personalized rate quote.
Qualification Guidelines
What Exchange Bank Looks for in a Business Loan Application
Understanding the key factors before you apply helps you present a complete picture and reach a decision faster.
Personal Credit Score
A personal FICO score of 650 or higher is the starting point for most products. Scores above 700 typically access the widest range of terms and rates. Your business credit profile — Dun & Bradstreet, Experian Business, or FICO SBSS — is reviewed alongside the personal score for loans above $100,000.
Time in Business
Most Exchange Bank commercial loan products require a minimum of 24 months of continuous operation. Lenders will review two full years of business tax returns and may request current year-to-date financials. Businesses under 24 months may qualify through SBA-backed programs — see the SBA loans page for options.
Cash Flow & Revenue
Exchange Bank underwriters calculate debt-service coverage ratio (DSCR) — the ratio of net operating income to total debt obligations. A DSCR of 1.25 or higher is generally required. Annual revenue minimums vary by product: $100,000 for lines of credit, $250,000 for term loans above $250,000.
For federal small business lending guidelines and loan guarantee programs, visit sba.gov/funding-programs/loans.
FAQ
Business Loan Questions — Answered by Exchange Bank
Common questions from business owners exploring term loans, lines of credit, and equipment financing.
What credit score does Exchange Bank require for a business loan?
Exchange Bank typically requires a personal credit score of 650 or higher for business loans. Term loans above $500,000 and equipment loans for high-value assets generally require scores above 680. The bank also considers your business credit file, DSCR, and overall financial history. Scores below 650 may still qualify through SBA-backed programs — see the SBA loans page for details.
What types of collateral does Exchange Bank accept?
Exchange Bank accepts commercial real estate, business equipment and machinery, accounts receivable, inventory, and personal real estate as collateral. Equipment loans use the financed equipment as the primary collateral. Lines of credit under $100,000 may be unsecured for businesses with strong revenue and credit history. The bank takes a first-lien position on all secured collateral.
How long does my business need to be operating to qualify?
Most Exchange Bank business loan products require at least 24 months of operating history supported by two complete years of business tax returns. Businesses under 24 months may qualify for SBA 7(a) loans or SBA Microloans, which allow more flexible seasoning requirements. Startups with strong personal credit and a documented business plan should speak with a banker directly at (800) 397-3962.
What is the difference between a term loan and a line of credit?
A term loan provides a single lump sum at closing, repaid in fixed monthly installments — best for defined capital purchases like equipment, renovations, or acquisitions. A line of credit is a revolving facility: you draw what you need, repay it, and draw again. Lines of credit work best for managing cash flow, bridging receivables gaps, or funding variable expenses. The right choice depends on whether your financing need is a one-time event or an ongoing requirement.
How does the draw period work on a business line of credit?
During the draw period — typically 12 to 24 months — you can borrow up to your approved limit, repay, and borrow again as many times as needed. Interest accrues only on the outstanding balance. At the end of the draw period, any remaining balance converts to a fixed repayment schedule. Exchange Bank reviews line of credit accounts annually, and qualifying businesses can renew or increase their limit at that time.
Ready to Apply for an Exchange Bank Business Loan?
Speak with a local business banker today. Exchange Bank makes credit decisions in-house, so you get answers faster than at national institutions. FDIC insured. NMLS #480228.
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