Additional Capital to Power Your Company’s Success
A Promontory Local CreditSM loan is a convenient, affordable loan, made in collaboration with your bank, that can be tailored for your business.
Running a business means seizing opportunities. Expanding operations, making acquisitions, buying out a partner—they’re all part of growing your company. And sometimes, you need more capital than your bank can lend you on its own.
That’s where the Promontory Local Credit lending solution comes in. Promontory Local Credit loans are second lien loans that fill the gap between the financing you need and the capital your bank can provide.
With a Promontory Local Credit loan, borrowers can obtain tailored loan amounts, simple loan structures, and a seamless lending approach. Benefits of Promontory Local Credit loans include:
- Affordable Financing: The blended interest rate of your bank’s loan, together with a Promontory Local Credit loan, can be significantly less costly than alternatives.
- No Equity Requirement: Your business remains your business. When a Promontory Local Credit loan is repaid, there’s no further obligation. There is no requirement for board seats or involvement with the daily operations of your business.
- Simple Loan Terms and Sustainable Financing: Promontory Local Credit loans can carry the same term and amortization as your bank’s loan.
- Your Bank, Your Relationship: Enjoy the convenience of working with your local bank, and avoid duplicative documentation requests.
Learn more about Promontory Local Credit loans or contact us.
This is not a commitment to lend or a guarantee of financing. All loans are subject to receipt of a complete application, credit approval, and other conditions. Products offered are not consumer loans. Terms are illustrative only, may not be indicative of terms that may actually result, and are subject to change at any time. Loans may be subject to commitment and other fees, as applicable.