Loans

Horizon offers many types of loans that can help your business succeed today and continue to grow for tomorrow.  The Business loan options include:

Lines of Credit

A line of credit provides your business with a revolving amount of cash to use for almost any business purpose.  This financing option gives you fast, easy access to a pre-determined amount of cash that you can continue to use without coming to the bank for each financing request.  And, lines of credit allow you more flexibility on when and how you repay the line - pay as little as interest only on the outstanding balance or pay off the entire line. 

Term Loans

Term loans are loans for a specified dollar amount with a pre-determined repayment schedule.  Term loans are great to finance equipment purchases and other long-term capital programs, or even to take advantage of business acquisitions.  With a predictable rate and repayment program, a term loan can provide great peace of mind when managing your business opportunities.

Government Supported Programs

Horizon can offer your business direct loan and guarantee loan programs from the Small Business Administration (SBA),U.S. Department of Agriculture and Indiana Capital Access Program.  These loans provide tremendous opportunities to businesses who may not otherwise qualify for a business loan, or those simply wanting to take advantage of the greater flexibility afforded to them by some these government supported programs.  And, as an SBA Approved Express lender, we are able to expedite your loan requests and make your financing request a reality much quicker than you might think.  Our relationship with the SBA also allows us to offer 504 loans providing long-term financing tools for economic development within the community.

Commercial Mortgages

If your business is brand new or looking to expand it's facilities, or perhaps you're looking to finance a real estate development and construction - then, a mortgage on your commercial property may be the best avenue for your funding needs.  Offering flexible terms and competitive interest rates, these loans that are secured by commercial real-estate are a great option and can be structured as a line of credit or term loan - whichever is best for your unique business opportunity.

Letters of Credit

There are times in your business that you need to provide a guarantee of payment to your vendors, such as, assuring a third party of payment on the performance of work or expediting the flow of goods from suppliers to end-users.  A letter of credit issued to your business by the bank can help you in these types of situations.  And, can often be a lower cost alternative to a performance bond.