Centennial Bank offers a full line of business and consumer loan products to suit your borrowing needs. The lending experts at Centennial Bank understand that each situation is unique and they are ready to review your personal or business banking requirements to develop a customized loan package. You will benefit from the innovative solutions, competitive rates of interest, flexible terms and timely decision making available at Centennial Bank.

Business Revolving Lines of Credit
Add flexibility and convenience to your business banking with a revolving line of credit. Whether you’re financing inventory, accounts receivable, or simply using your credit line to manage cash flow needs, a pre-approved revolving line of credit for your business is there when you need it. When not in use, you can pay down your line of credit or totally pay it off. Managing the cash flow needs of your business with a line of credit simply makes banking more efficient, and convenient.

Business Term Loan
A term loan offers your business mid to long term financing. Use a term loan to purchase vehicles, fixed assets or the equipment you need to expand and grow your business. The experienced business lenders at Centennial Bank always work hard to understand the borrowing needs of your company and to structure a loan package that matches the specific needs of your business operation.

Real Estate Loan
Purchase new property or refinance existing debt on commercial and residential owner and non-owner occupied properties with a real estate loan from Centennial Bank. Depending on the purpose of your investment, both long term and short term real estate financing is available. A customized financing package that suits the unique needs of your business will complement your entire banking relationship.

Construction Draw Loan
A construction draw loan provides your business with the funds to build commercial or residential properties. This type of loan is also ideal for financing land acquisition and development. Whether you are building your dream home or developing commercial property, talk to a Centennial Bank lender. We can help you achieve your goals.

Letter of Credit
Centennial Bank offers various Letters of Credit to suit your business needs. Use a Standby Letter of Credit to secure financial or performance obligations. Or, finance the sale and movement of goods with a Commercial Letter of Credit. Talk to a Centennial Bank business lender to determine if a Letter of Credit is the appropriate solution for your business banking requirements.

U.S. Small Business Administration (SBA) Loan
For the borrowing needs of small businesses, an SBA Loan may be ideal. An SBA-backed loan provides a guarantee to the bank that your loan will be repaid. The SBA 7(a) Loan Program offers financial assistance for businesses with special requirements. Proceeds of a SBA 7(a) loan may be used to establish a new business or to assist in the acquisition, operation, or expansion of an existing small business. The SBA 504 Program provides small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization. Speak to a Centennial Bank SBA lender about the borrowing needs of your small business.

2.20.12 Centennial Bank to open Boulder branch on Feb. 28. Read more.

Denver, CO (February 13, 2012) – Centennial Bank announces the addition of three new members to its staff, including Charles Holmes, David Mariea and Courtney Gimeno.

Business Advice: Improving Accounts Receivable

Every business owner wants to increase efficiency for their business, reduce costs and increase profits. By expediting the collection of a company’s receivables, Lockbox Services can meet these goals for your business!

By transferring the work of processing and depositing your daily accounts receivables to the bank, you will eliminate the need for staff to manage the deposit process and provide greater audit control. This also allows for deposits being made more expediently with faster collection of receivables, resulting in improved cash flow. There are many different forms of Lockbox Services available that will meet the needs of low to high volume businesses—yet all result in allowing a business owner to focus on what matters most, growing their business!

Click here to read “When Does a Lockbox Make Sense?” by Jill Heap, Chief Deposit Officer for Centennial Bank.