Term Loans


Explore our small business lending options for the scenario that best fits your needs. 

Business Loans: allows businesses to get a lump sum of money and repay with interest over a set period. Banks and alternative lenders vary loan amounts based on business loan type, borrower qualifications, and loan terms and conditions. 

  • Apply for a specific loan amount from $15,000 up to $250,000*
  • Terms up to 60 months*                                                                                                                                  
  • Requires UCC on Business Assets

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Equipment Loans: allow businesses to purchase or upgrade necessary equipment. The equipment acts as collateral for the loan, and the length of the loan often equals the expected lifespan of the equipment. Rates depend on equipment type and borrower qualifications.

  • Apply for a specific loan amount from $15,000 up to $500,000*
  • Terms up to 84 months*                                                                                                                             

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Commercial Vehicle Loans: allow businesses to purchase or refinance commercial vehicles.  The vehicle acts as collateral for the loan, and the length of the loan often equals the expected lifespan of the vehicle.  Rates depend on vehicle type and borrower qualifications. 

  • Apply for a specific loan amount from $15,000 up to $250,000*
  • Terms up to 72 months*                                                                                                             

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*Total combined business loans with Bank of Clarke cannot exceed $500,000.  

*Maximum terms available are subject to collateral condition and age.

*Loans are subject to credit approval.  Standard underwriting guidelines and credit policies apply.  

*Eligible business type: Operate a for-profit entity such as a sole proprietorship, partnership, corporation, or LLC. Business must be in operation for at least two years.

*If you would like to talk to a lender directly, CLICK HERE.

For questions specific to the online application email  [email protected].



Things to know before you apply                    

  • Basic information about the business and its operations including:
    1. Names and email addresses for all Business Owners/Guarantors with an ownership interest of at least 20% or more
  • Your personal information including:
    1. Street address, phone number, and Social Security Number
    2. Monthly Gross Income and Net Worth
  • Financial information including:
    1. Number of employees, Number of Years in Business, Business Annual Revenue 
    2. Details about your collateral, if applicable

What you’ll need to do

  • For small business loan requests, complete the registration using the individual’s name and email address – do not use the business entity information.
  • All parties must complete the application
    1. This online application will require each Owner(s) and Guarantor(s) to complete the application electronically. Each individual will be required to fill out their personal information and must accept terms and conditions to submit the online application.
    2. Remove any freeze placed on your credit report. 
    3. If you believe any Owner or Guarantor will not be comfortable with submitting an online application, please contact your local small business specialist.
    4. If you need additional assistance with the online application, please email [email protected].