Commercial Equity Line of Credit (CELOC)
SCNB commercial equity line of credit allows you to put the equity you’ve built in your commercial property to work for your business.
- Lines from $100,000 - $2,990,000
- Advance rates as high as 70%
- Revolving 5-year interest only draw period
- Converts to fully amortizing 15-year mortgage after year 5
- Rates as low as Prime + 1%**
**Prime is defined as the highest Prime Rate published in the Wall Street Journal.