Business people have unique needs and Old Point understands that. Perhaps you are in a period of growth and need capital project financing. Or maybe it’s an opportunity to purchase a competitor’s business. Frankly, there are too many reasons to list, but we are ready to listen to them all.
Our loan products are second to none and we have a wide variety of programs to meet any need. But it’s our customer service that sets us apart- just ask any business acquaintance who has worked with us.
With Old Point's flexible terms and pricing, you can purchase fixed assets like equipment with a modest down payment, keeping more of your capital free for other expenses.
With a limit set up in advance, a revolving credit line works like a credit card, helping you meet temporary cash flow needs without being burdened by monthly principal payments.
Old Point offers variable or fixed rate term loans for when you want to finance or invest in property for your business operations and spread repayment out over a period of up to 20 years.
You may be planning to invest in it or operate from it, but if you're starting from the ground up, Old Point can help you finance the construction.
Whether it's a car, truck, boat or backhoe, we offer financing for your commercial vehicle needs.
Maybe you're working on an international transaction or you're bound by a performance contract. In certain cases, Old Point can help you eliminate the need for large deposits and expedite your dealings by guaranteeing your performance to a third party.
If you've got funds due to you from a contract or tax return, but there's an asset you need to finance now, Old Point can offer a loan to help you in the meantime.
Old Point can provide start-up businesses - and established businesses, if needed - with the guidance they need to qualify for government support.
Old Point is a preferred SBA Lender
Whatever your needs, whatever your plans, we have a solution. Come talk to one of our business loan officers today!