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.

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