SBA 504 Loans

by LuRhea | December 9, 2011 5:59 pm

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.

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Source URL: http://libertybankofutah.com/sba-504-loans/

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CD Rates

by LuRhea | December 1, 2011 11:57 pm

Term                    Rate                      APY                                      Rate                      APY

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

 

Source URL: http://libertybankofutah.com/cd-rates-4/

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Privacy Policy

by LuRhea | November 18, 2011 9:57 pm

 

FACTS	WHAT DOES LIBERTY BANK DO WITH YOUR PERSONAL INFORMATION?
Why?	Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?	The types of personal information we collect and share depend on the product or service you have with us. This information can include: Social Security number and income Account balances and payment history Credit history and credit scores      When you are no longer our customer, we continue to share your information as described in this notice.
How?	All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons LIBERTY BANK chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information	Does LIBERTY BANK share?	Can you limit this sharing?
For our everyday business purposes—such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus	YES	NO
For our marketing purposes—to offer our products and services to you	NO	We don’t share
For joint marketing with other financial companies	NO	We don’t share
For our affiliates’ everyday business purposes—information about your transactions and experiences	NO	We don’t share
For our affiliates’ everyday business purposes—information about your creditworthiness	NO	We don’t share
For our affiliates to market to you	NO	We don’t share
For non-affiliates to market to you	NO	We don’t share

 

Questions?

Call 801-355-7411or go to www.libertybankofutah.com.

 

What we do
How does LIBERTY BANK collect my personal information?	We collect your personal information, for example, when you Open an account Make deposits or withdrawals from your account Pay your bills or apply for a loan Provide account information or give us your contact information        We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?	Federal law gives you the right to limit only Sharing for affiliates’ everyday business purposes—information about your creditworthiness Affiliates from using your information to market to you Sharing for non-affiliates to market to you       State laws and individual companies may give you additional rights to limit sharing.
Definitions
Affiliates	Companies related by common ownership or control. They can be financial and nonfinancial companies.  Liberty Bank does not share with our affiliates.
Non-affiliates	Companies not related by common ownership or control. They can be financial and nonfinancial companies.  Liberty Bank does not share information with non-affiliates so they can market to you.
Joint marketing	A formal agreement between nonaffiliated financial companies that together market financial products or services to you.  Liberty Bank does not jointly market.

 

 

Source URL: http://libertybankofutah.com/privacy-policy/

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CD

by | November 8, 2011 7:15 pm

Certificate of Deposit Rates at 1.20% APY for 36 Months

 

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

Source URL: http://libertybankofutah.com/cd/

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Money_Market_Account

by | November 8, 2011 7:14 pm

Freedom Money Market Account

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

 

Source URL: http://libertybankofutah.com/money_market_account/

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SBA_Loan

by | November 8, 2011 7:13 pm

Source URL: http://libertybankofutah.com/sba_loan/

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Commercial_Loan

by | November 8, 2011 7:13 pm

Source URL: http://libertybankofutah.com/commercial_loan/

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Home_Equity_Loan

by | November 8, 2011 7:12 pm

Source URL: http://libertybankofutah.com/home_equity_loan-2/

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