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Commercial Term Loans for fixed assets
Availability |
Businesses (limited liability companies, sole proprietorships, partnerships) |
Purpose |
To purchase fixed assets
To finance leasehold improvements |
Extent |
Negotiable on a case by case basis |
Term |
Negotiable |
Pricing |
Variable, charged monthly |
Benefits |
Longer term amortization provides the opportunity to match the loan payments to the useful life of the asset |
Commercial Term Loans for real estate
Availability |
Businesses (limited liability companies, sole proprietorships, partnerships) |
Purpose |
To construct, purchase, renovate or expand commercial real estate property for own use or for lease. To recapture equity in real estate property.
To restructure balance sheet |
Extent |
Negotiable on a case by case basis |
Term |
7 to 10 years |
Pricing |
Variable, charged monthly |
Overdraft Facility
Availability |
Businesses (limited liability companies, sole proprietorships, partnerships) |
Purpose |
To finance working capital needs
To finance seasonal cash flow needs
To finance growth |
Extent |
A maximum limit is agreed upon, according to borrower's needs and financial capacity |
Term |
One year renewable |
Benefits |
Flexible and revolving credit facility, managed by client. No fixed monthly payment; interest charged
monthly only on actual balance drawn |
Creditcards
Orco Bank issues regular and gold MasterCard cards and regular, gold and Platinum Visacards. The cards are denominated in USD and are accepted worldwide. Benefits include cash advances at ATM machines and financial institutions all over the world. Access to your credit card account information is now available 24 hours a day online via the category “my Credit card online”.
Letters of credit/Guarantees
At your request we can open letters of credit, provide collection services and other trade services. For example (standby) letters of credit, local and international payments, performance bonds and guarantees. The pricing is based on the Uniform Banking Tariffs.
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