Business Banking

Small Business Lending


Small Business Financing Solutions for Local Businesses Like Yours

Credit Solutions to Help Small Businesses Grow
Small businesses are the backbone of the economy. As a community-centered organization, Burke & Herbert Bank has been helping small businesses for more than 165 years. Our small business loans and lines of credit were tailored specifically for the needs of small businesses. We offer attractive interest rates and terms, expert support and fast loan decisions – no more than three business days, we promise.1

Small Business Line of Credit

A line of credit offers a dependable source of cash when opportunity knocks, when your cash flow tightens, for peace of mind with overdraft protection, or when another need arises. Your credit line replenishes as you repay, so it's always there for you:

  • Lines of credit from $10,000 to $150,000 (unsecured) or up to $500,000 (secured) with a 24-month term
  • Variable interest rates based on Prime2
  • Interest-only payments
  • No annual fee
  • Easy access to your funds through Business Online Banking, Mobile Banking or by check

Small Business Term Loans

Term loans are ideal for purchasing equipment, vehicles and more:

  • Loans from $10,000 to $500,000 (secured), with terms of 18, 24, 36, 48, or 60 months
  • Attractive fixed interest rates based on Prime2

Owner-Occupied Real Estate Loans

Ready to purchase your office space? Our owner-occupied real estate loans3 offer flexible financing options:

  • Loans from $50,000 to $500,000 (secured)
  • Balloon loans with terms of 5 or 10 years with a 20-year amortization
  • Term loans of 10 or 15 years

Save Money With Preferred Rates
And, you can save money with an additional 0.25% discount when you choose automatic payments to your Small Business loan or line from your Burke & Herbert Bank business checking account.

Our Local Lending Experts Are Ready to Help Determine the Right Loan for You
To learn more, ask a Business Banker to contact you, visit your nearest branch or call us at 703-684-1655.

1. Loans and lines of credit are subject to credit approval. Three-business-day decision period begins upon receipt of complete application and required documents.
2. Rates are based on Prime plus a margin, which takes into consideration creditworthiness and size of loan/line of credit.
3. Owner-occupied real estate loans are available when the business occupies over 50% of the property.

 

Member FDIC    Equal Housing Lender