Commercial Loans

Commercial Loans

First Tuskegee Bank is committed to providing the capital you need to successfully grow your business.  We offer a wide range of customizable commercial solutions to fit your business needs.  

Working Capital

  • Available to finance short-term cash flow needs.

Term Loans

  • Available for permanent working capital, equipment purchases, or inventory.

Small Business Administration (SBA) Loans

  • Government-guaranteed SBA loans for qualified small business projects for new and recent start-up businesses.

Commercial Real Estate Loans

  • Available to businesses to purchase or construct facilities for manufacturing, retail, warehouse, or office purposes.

Mortgages Loans

Conventional Fixed Rate Mortgages

This is a loan that features a fixed rate for the life of the loan.  These loans are available with the following terms: 10, 15, 20, 25 and 30 year loan term.  This loan is also available in Conforming and Non-Conforming loan amounts.

Balloon Mortgage Loans

This mortgage features a lowering rate with this rate being set for a set period, such as a 7-year Balloon Mortgage.  This allows for the rate to stay fixed for the first 7 years, and then the mortgage balance is due in a balloon payment.  This allows for a lower payment for the 7-year period.

Adjustable Rate Mortgage Loans (ARMs) 

This mortgage features simple interest with an adjustable rate term. These typically help those borrowers who anticipate only being in a home for a short period of time.

Federal Housing Administration Mortgage Loans (FHA) 

This mortgage is federally insured by The Department of Housing and Urban Development.  It is designed for First time homebuyers who require a small down payment and higher debt to income qualifications. This loan features the ability to finance your closing cost into the loan.

Non-Conforming (Jumbo) Mortgage Loans

This mortgage is designed for those borrowers needing to borrower more than $417,000.  These loans are available in Fixed Rate, Interest Only and ARM terms.

Affordable Housing/Low Income Program Mortgage Loans

First Tuskegee Bank works hard to ensure all borrowers receive the opportunity of homeownership.  We have many programs for low to moderate income borrowers.  Most loans offer little down payment and flexible credit requirements.