Small Business Loans & Lines of Credit
Now it’s even easier to get the working capital your business needs to grow and compete. With a Business Checkline from WSFS, you can qualify for a line of credit to help finance your short-term needs. This revolving line gives you the flexibility to borrow and repay as often as you need. We offer a competitive interest rate, interest-only payments and a three-year commitment period. In addition, you’ll have convenient check writing access and optional overdraft protection. The application is easy to complete and the approval process is fast.
Small Business Term Loan
Through term loans, WSFS provides a variety of financing options to purchase new equipment, vehicles or other fixed assets that your business needs to grow. We offer competitive fixed or variable interest rates and flexible loan structures. Repayment terms are flexible. Monthly payments can be automatically debited from your WSFS account for your convenience.
Business Line of Credit
WSFS lines of credit can help you meet short-term funding needs, such as increasing inventory, dealing with seasonal cash-flow issues or being able to take advantage of unplanned opportunities. These one-year lines of credit offer a variable rate of interest, as well as interest-only monthly payments, and can be revolving or non-revolving based on your needs.
WSFS Commercial Mortgages provide long-term financing for purchasing or refinancing owner-occupied commercial real estate. Our competitive rates can be fixed or variable, and we offer a number of flexible financing options. Your Relationship Manager will help you determine the best possible solution to meet your objective.
WSFS Bank, approved for the US Small Business Administration’s Preferred Lender Program (PLP), is able to handle your business loan request as though we are an extension of the SBA. We are able to act with authority to obligate the SBA for its guarantee of your business loan. This results in an expedited loan process, so your small business can get its needed funding much faster.