Only you know what your business needs to succeed. Whether you are looking to upgrade your facilities or expand your operations, our business term loan is a great solution. The Dime Bank can help you finance those needs with competitive rates and terms that fit your budget. Talk to us about how to get started on the application process.
- Finance new or upgraded equipment
- Available to businesses in a wide range of industries
- Avoid costly lapsed periods in production
- Competitive rates
- Flexible terms
- Local service and decision-making
- Experienced lenders
- Dedicated personal service
Banking on Business Loan
The 2022 funding round for FHLBank Pittsburgh’s Banking On Business (BOB) product is now open and will remain open until all funding is exhausted. $6 million will be available to assist qualified small businesses on a first-come, first-served basis.
New in 2022, FHLBank will set aside $2 million of the $6 million BOB allocation for 2022 for minority- and women-owned small businesses by establishing a Special Purpose Credit Program. The set-aside is named the Banking On Business Inclusion and Equity fund (BOBIE). BOBIE is intended to meet the needs of underrepresented small businesses by offering expanded eligibility criteria to minority- and women-owned small business borrowers.
BOB can fill the financing gap between what a qualified small business (based on U.S. Small Business Administration size standards) needs and what The Dime Bank will lend.
BOB is a useful resource for qualified small businesses that otherwise would not meet traditional underwriting requirements. BOB offers unsecured secondary loans to be used in conjunction with financing from The Dime Bank.
A BOB loan can be used to fund a variety of needs, including, but not limited to:
- Leasehold improvements
- Machinery and equipment
- Real estate
- Working capital
Restrictions may apply. Contact your Dime Bank lender for full details.
FHLBank Pittsburgh products are governed by various agreements between FHLBank Pittsburgh and its members, as well as certain FHLBank Pittsburgh policies and applicable regulations. In the event of any inconsistencies between this document and such agreements, policies and regulations, the agreements, policies and regulations will be determinative.
Commercial Real Estate Loan
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