Lines of credit can be used for many financing needs such as operational, seasonality, working capital, etc.  Rest assured that Liberty Bank will help you analyze your needs now and needs for future growth with the proper type of financing.

Another option is an Operating lines of credit based on a borrowing basis.  This is a useful instrument to help your small business meet cash needs, expand, or use for operating capital.

 Benefits:

Lines range from $5,000 and above

Competitive fixed or variable rates

Borrowing basis off of inventory and account receivables

Liberty Bank seeks to understand your business needs and creatively put together the right solution.  The 7(a) loan program is used for special purpose, rural, export, and expresses financing instruments.

In most cases the loan is used for the following purposes:

• Equipment
• FF&E
• Inventory
• Capital Injection
• Short-term working capital
• Seasonal finance
• Purchase existing businesses
• Other business purchases

Liberty Bank uses this program to help businesses receive funding.  Many businesses do not have collateral or do business on a cash basis.  This program helps these businesses obtain financing such as using lines of credit on a borrowing basis.  This is the beginning step for a business to become eligible for other financing instruments.

The SBA 504 program not only helps mitigate risks to lenders, but also helps provide businesses with the ability to obtain funding when conventional debt financing is not available.  Liberty Bank is a smaller bank and we are able to do 90% LTV on real estate purchases.

In Most cases a 504 loan includes the following:

• A loan secured by a private lender (any bank or credit union offering SBA loans) with a lien covering up to 50% of the total project cost.
• A lean secured by the Certified Development Company (CDC) for up to 40% of the total project cost.
• A contribution from the borrower of at least 10% of the total project cost.

 SBA Fund Use

• The 504 funds must be used for fixed assets. Fixed assets include the following.
• Purchase land or an existing building
• Capital improvements and upgrading
• Street, utilities, parking lots, and landscaping improvements
• Construction of new, renovating, modernizing, or converting facilities
• Purchase of long-term equipment

This program allows a small business to obtain financing with low rates.  The only additional cost is an SBA fee, which goes directly to SBA.

3 Months              0.25                      0.25                                       0.35                      0.35

6 Months              0.35                      0.35                                       0.45                       0.45

1 Year                  0.60                      0.60                                       0.65                       0.65

18 Months            0.70                      0.70                                      0.75                       0.75

2 Years                0.99                      1.00                                      1.09                       1.10

3 Years                1.19                      1.20                                       1.29                       1.30

4 Years                1.39                      1.40                                       1.49                      1.50

5 Years                1.64                      1.65                                     1.69                       1.70

APY refers to Annual Percentage Rate

Certificates of Deposit with terms of 3 months through 3 years

Enjoy the high interest rates with one of our CD’s.  Contact us for current rates.

• Minimum deposit $1,000.00

• Interest accrues daily and is paid quarterly

• Substantial penalties for early withdrawal

Are you looking to liberate yourself from the high risk of investing but still want those high returns?>  Our Freedom Money Market Accounts offer just that while remaining liquid.  In addition, there are NO MONTHLY FEES!

• Tier 1 – Balances $0 to $4,999 – 0.10% with an APY of 0.10%

• Balances $5,000 and greater – 0.20% with an APY of 0.20%

• Interest Accrues daily and is paid monthly

• A minimum opening balance of $100.00 is required

• Limit of 3 withdrawals per month – $20.00 per check thereafter

Premier Money Market

• Tier 1 – Balances $0 to $24,999 – 0.15% with an APY of 0.15%

• Tier 11 – Balances $25,000 to $49,999 – .25% with an APY of .25%

• Tier 111 – Balances $50,000 to $99,999 – .35% with an APY of .35%

• Tier IV – Balances $100,000 to $249,999 – .50% with an APY of 50%

• Tier V – Balances $250,000 and above – .60% with an APY of .60%

• A minimum opening balance of $100.00 is required

• Limit of 3 withdrawals per month – $20.00 per check thereafter