Business Loans/Credit Products

Whether you are purchasing equipment, expanding, renovating or financing inventory in today’s competitive market, SCNB offers flexible loan plans which can be tailored to your business goals and allow you to conserve or better utilize working capital. Loan payments can be automatically deducted from your commercial checking account, thus saving you time.

Business Reserve^® Line of Credit
Short term loans
Intermediate & long term loans
Commercial Mortgages
Commercial Equity Line of Credit (CELOC)
Credit Card
Standby Letters of Credit
Government Sponsored Loans

BUSINESS RESERVE^® LINE OF CREDIT- Access your Business Reserve credit line when you need it for almost any purpose. The Business Reserve is a revolving line of credit. There are no prepayment penalties.

SHORT TERM LOANS - Working capital loans for the purchase of inventory or other short term financing needs. These loans are made available for specific amounts and purposes and are generally approved for less than one year.

INTERMEDIATE AND LONG TERM LOANS - Finance capital expenditures, renovate your office, expand a business line or purchase equipment. These loans offer a customized repayment schedule specifically tailored to meet your firm’s individual requirements.

COMMERCIAL MORTGAGES - SCNB offers mortgages for the purpose of purchasing, renovating, or refinancing new and existing commercial real estate properties located in Suffolk County, New York. SCNB offers both fixed and adjustable rates of interest. Commercial mortgages are secured with a first mortgage on the property purchased.

COMMERCIAL EQUITY LINE OF CREDIT (CELOC) - If you are like most businesses, your commercial building is probably your biggest asset. But did you know that you can use this asset to generate cash for you and your business?

SCNB’s CELOC provides you with many of the benefits that home equity loans have provided to homeowners for years. Now, you can take advantage of the equity you’ve built up in your commercial building with the CELOC. Use the money to increase working capital, make building improvements, purchase equipment or even purchase additional properties. Highlights include:

Lines from $100,000 - $2,990,000

5 year interest only draw period

Line balance converts to a 15 year amortization

Advance rates as high as 70%

Rates as low as Prime + 1%

CREDIT CARD - Give your business a lot of credit with SCNB's Productivity^SM Card for Business. Consolidate your business expenses on one card plus receive discounts and rebates on services you use everyday such as gas, travel, hotels and more. The comprehensive easy-to-understand monthly statements help you to better track and manage your expenses.

STANDBY LETTERS OF CREDIT - Facilitate the performance of domestic contracts made between you and third party beneficiaries with a credit guarantee from the Bank.

GOVERNMENT SPONSORED LOANS - SCNB is an approved lender to participate in the U.S. Government Small Business Administration Guaranteed Loan Program (SBA).

Member FDIC

For further information, simply call one or our branch locations or call one or our Regional Loan Offices located in Riverhead (631-208-2201), Bohemia (631-580-0273), Port Jefferson (631-642-1000) and Southampton (631-287-3104).

Member FDIC