Benefits of Elevations Business Lending
- Local, in-house underwriting and processing for market-leading turnaround times
- Partnership with your business banker to keep you informed at every step
- Competitive rate and fee structure
- Numerous term and structure options to fit the unique needs of your business
With one lending team under one roof, you can benefit from faster turnaround times and stronger communication.
Business Loan Options
-
Business Term Loans
Equip your business with the right loan to grow.
At Elevations, we work in your best interest to make sure you receive a loan with the right terms — whether it’s funding for equipment, machinery, or other assets, or even financing for energy-efficiency and renewable energy upgrades in your facilities. Our term loans offer flexible terms, competitive rates, and market-leading underwriting and approval times so that your business can keep moving along.
-
Commercial Real Estate Loans
Get your next real estate purchase off the ground.
Whether purchasing space for your business or refinancing your current one, we can help with commercial mortgages for both owner-occupied and investment real estate of all types. Owning your commercial space will always be one of the largest assets for your business, allowing you to build equity and take the most control of your space.
-
SBA 504 Loans
Long-term project financing made possible.
In certain situations, you may qualify for the US Small Business Administration’s 504 Loan Program. An SBA 504 loan allows you to take advantage of lower rates, longer terms, and minimal cash down on the purchase of certain long-term assets including owner-occupied commercial real estate, the renovation of your existing property, or the purchase of certain equipment and machinery.
-
Vehicle Loans
Apply nowPut your business in the driver’s seat.
We have affordable options that make it easy to buy your next business vehicle or refinance your current one. We offer loan amounts from $10,000 to $250,000, a maximum loan term of 84 months, and a maximum loan-to-value (LTV) of 100%.
Commonly Asked Questions
-
The first step you, a business owner, should take when assessing working capital needs is to call your banker and set up an appointment. Your banker is trained to ask specific questions and help guide you toward the best solutions for your business. While you may think a particular option is the best fit for you and your business, your banker may come to a different conclusion and offer you a perspective not yet considered.
-
Be prepared to provide your banker with at least two years of financial statements, as well as details on your personal financial health. In general, a good rule to keep in mind is your banker would rather have more information than less, so don’t worry about inundating him or her with documents.
-
AssetLine allows Elevations business members to access working capital how they choose, meaning they can advance funds via online banking or at an Elevations branch.
-
Elevations Business Energy Loans offer financing for energy efficiency and renewable energy upgrades. This program is available to Boulder County businesses through EnergySmart and to business customers of the City of Fort Collins utilities.
-
Elevations encourages businesses to visit Lendio's website to learn more about alternative loan options.
How can we help you?
Give us a call at (800) 429-7626 | Routing #307074580
Membership eligibility and one-time $5 membership fee required at account opening