business banking

ESB Bank offers a number of commercial checking accounts to businesses, community organizations and non-profit organizations. These accounts are designed to address the financial needs of any type and or size of business. Stop in at one of our branch offices and one of our Financial Services Managers will help to find the right account for your business or organization.

TERM LOANS	DESCRIPTION	BENEFITS
BUSINESS LOAN	Used to purchase equipment, vehicles or consolidate business debt	Terms up to 7 years Fixed or adjustable rate
COMMERCIAL REAL ESTATE LOAN	Used to purchase, improve or refinance properties with 5 or more residential units, mixed use properties and neighborhood shopping centers	20 year fixed rate loans Amortizations up to 25 years
EQUITY TERM LOAN	2nd lien mortgage on investment properties	Fixed rate for up to 10 years
PLUS "2" LOAN	Commercial mortgage loan that allows for 2 years of interest only payments followed by Principal & Interest installments	Fixed rate for up to 20 years Provides cash flow for renovations.
SPEC LOAN	Used to construct residential homes that are not under contract	2 year term Interest only payments
SBA (Small Business Administration) LOAN	Used for start-up businesses, relocation, or to purchase equipment	Terms up to 20 years depending on use of funds Fixed or variable rate
PUBLIC FINANCE	Offers loans to Local and County Governments, School Districts, Authorities and other regulated agencies	Prompt local decision making capabilities
LINES OF CREDIT	DESCRIPTION	BENEFITS
OVERDRAFT LINE OF CREDIT	Unsecured line of credit used to cover checks that would otherwise overdraw a checking account	No Fees Saves NSF charges
WORKING CAPITAL LINE OF CREDIT	Secured/unsecured line used as seasonal working capital or to take advantage of trade discounts	Interest only payments Improves cash flow
BUILDERS LINE OF CREDIT	Used to acquire lots and to construct spec and contract homes	Interest only payments Saves costs Expedites lot acquisition and start time
PROFESSIONAL REVOLVING TERM LOAN	Unsecured/secured Revolving Term Credit used to fund malpractice insurance, SEP Accounts, E&O Insurance, etc.	Fixed rate for 12 months priced at 2% above the 1-Year Treasury Index
LETTERS OF CREDIT	DESCRIPTION	BENEFITS
IRREVOCABLE LETTER OF CREDIT	Secured Cash guarantee to the beneficiary	One year term Cost based on contract amount covered by letter of credit

Commercial Lending Officers
Jack W. Donaldson, II Senior Vice President 800-533-4193 jdonaldson@esbbank.com	Ronald E. Pompeani Senior Vice President 800-533-4193 rpompeani@esbbank.com
Brian W. Hulme Vice President 800-533-4193 bhulme@esbbank.com	James D. Bish Assistant Vice President 800-533-4193 jbish@esbbank.com

Public Finance
Lou Frischkorn Vice President 724-775-8032 lfrischkorn@esbbank.com

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business banking