Big plans require intelligent financing from sophisticated, trusted experts. Whether you're expanding your holdings, upgrading your property or looking for better terms on your current loan, you'll find various options at Cashmere Valley Bank. Our team understands the local marketplace and works closely with you to create a loan program that aligns with your budget and goal.
- Purchase, refinance or expand commercial property
- Competitive interest rates
- Various uses, including office space, retail, restaurant, industrial, agricultural and multifamily
- Available for owner-occupied and investment properties
- Explore SBA loan options through Cashmere Valley Bank for additional flexibility
FAQs
What do I need to provide in order to apply?
We will generally require a personal financial statement for the guarantor, 2-3 years of tax returns for the guarantor and property as well as the property’s current year Profit & Loss Statement as well as Balance Sheet, if applicable. Properties where current financials are unavailable may be required to provide lease agreements or other documentation depending on the situation. Any affiliated businesses may need to provide financials as well.
Am I required to maintain deposit accounts with CVB in order to obtain financing?
You are not required to maintain deposit accounts.
How much money am I required to bring in to qualify?
This will vary but will not be lower than 20% of the purchase price or appraised value.
How long does the loan process take from beginning to end?
The process will range based on a number of factors outside of the bank’s control, one example would be the time to obtain an appraisal on the property. Generally, the process ranges from 4-8 weeks.
Can I use the equity in my property to finance a business expansion?
Yes you can. Your business is unique and requires individual consideration. Contact your local commercial lender, and get the attention you deserve.
I have heard there are programs available but I don't know where to start.
We can help you with that. Contact your local commercial lender or visit our SBA page to learn more.
Cashmere Valley Bank is a full-service financial institution with 11 branches located in Central Washington.