Purchase multiple assets or make leasehold improvements with a single business loan.
Get the best of both worlds with a flexible business financing solution. The Hybrid Flex Loan is ideal for clients looking to purchase multiple assets and/or make leasehold improvements over a period of time1. It also provides the security of knowing you have a commitment of funds before purchasing the assets or making leasehold improvements.
Hybrid Flex Loans can be approved up to $1 million and have a draw period up to 12 months before they turn into a fixed-rate term loan for the remainder of the repayment period.
Purchase multiple assets during a 6- or 12-month draw period.
Interest-only payments during draw period keeps initial costs down.
Convenient for businesses that need time getting equipment and other assets up and running and generating a revenue stream before having to make principal payments.
Enjoy the stability of a fixed rate after the initial draw period.
There is no annual fee.
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Please note: Citizens Business Banking Products and Services are offered in the following states: Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia and Washington, D.C.
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1 Security interest may be required.
All accounts, loans, and services are subject to individual approval. See a banker for details.