Achieve your business goals with loan solutions from Plumas Bank. Decisions are made locally which result in a quick turnaround and provides you with fast access to your money. We welcome the opportunity to sit down face-to-face and discuss any and all business loan options available to you.
IMPORTANT INFORMATION ABOUT OPENING A LEGAL ENTITY ACCOUNT
Effective May 11, 2018, new rules under the Bank Secrecy Act will aid the government in the fight against crimes such as terrorism, money laundering, tax evasion, fraud, and other national security threats.
EACH time an account is opened for a covered Legal Entity, we are required to ask you for identifying information (name, address, date of birth, social security number (as well as identification documents) for each individual that has beneficial ownership (25% or more) and one individual that has significant managerial control of the Legal Entity.
If you are opening an account on behalf of a Legal Entity, you will be required to provide the appropriate documentation and to certify that this information is true and accurate to the best of your knowledge.
We support all efforts to protect and maintain the security of our clients and our country. We appreciate your cooperation in assisting us to comply with this federal regulation.
- Business Loans
For business customers who want a lump sum loan for a specific business purpose, (i.e. to expand business, to add inventory to increase sales potential, to consolidate debt to increase cash flow, etc.).
Benefits: Secured or unsecured (lower rate for secured loan); up to 5-year term; single payment or term loan; fixed or variable rate
- Agricultural Loans
For business customers who need financing for livestock, crops, agricultural land, buildings, or equipment.
Benefits: Special terms and conditions to fit your needs; custom loan package; local support; experienced agricultural loan advice; long term commitment to your success.
- Small Business Administration (SBA) Loans
Looking to start a new business or expand your existing one? Interested in buying new equipment, commercial real estate or financing working capital? Plumas Bank has Preferred Lender status with the United States Small Business Administration. Let our award winning SBA team find the right lending solution to help your business succeed! Click here for more information on small business lending.
- Standby Letter of Credit
For business customers who need their local bank's backing for a development or other business project. Loans are made on a secured basis.
Benefits: Terms up to 12 months; low document fees and points.
- Accounts Receivable Financing
For business customers who need to speed up cash flow from commercial accounts. You get paid in days, not weeks or months.
Benefits: Frees up cash for reinvestment in your business.
- Business Exxpress Loans
A variety of exceptional loans, expressly for the business owner: Business Exxpress Overdraft Protection, Business Exxpress Line of Credit, and Business Exxpress Term Loans.
Benefits: Available exclusively to sole proprietors, partnerships, corporations, and limited liability companies in Northeastern California. If you have owned a profitable business for at least three years, you may be eligible. It's easy to apply, under certain conditions financial statements may not be required for loans up to $50,000. Certain restrictions apply.
Fees: Nominal set up fees or documentation fees and annual fees for each Business Exxpress loan. Contact your Plumas Bank loan officer for details.
- Business Line Plus-Line of Credit
For business customers who need a revolving line of credit for seasonal or other business expenses.
Benefits: Cash whenever you need it; low 1/2 point fee; 3-year term; lines from $10,000 - $250,000; secured or unsecured; no need to reapply every year; only pay interest on money you use
Fees: Variable rates based on Plumas Bank Prime Rate