Whether you are starting, growing or enhancing your business, Reading Co-operative Bank offers a variety of commercial banking services to meet your needs.

Reading Co-operative Bank provides amortizing loans for the purchase of business assets. Uses include equipment purchase, capital improvements, renovations, business purchase, or expansion.

We offer several business loan programs tailored to fit your needs:

• Lines of Credit
  (to fund working capital demand, inventory purchases and accounts receivable)
  
• Term Loans
• Land Mortgages
• Equipment Loans
• Commercial Mortgages
  (for owner occupancy or investment)
• Construction / Development Loans
  (residential subdivisions or commercial project)

Commercial Real Estate Loans

Reading Co-operative Bank provides purchase capital for mortgages on commercial and investment real estate. Commercial, construction, residential, and subdivision development loans are available.

SBA LowDoc Loans

Our preference is to fund loans directly through our Institution. However, in cases where a loan proposal may be under collateralized or a start up venture, the Bank through its established relationship with the US Small Business Administration (SBA) will opt to obtain a loan guaranty.

SBA LowDoc Loan is the simplified loan guaranty program provided for small business under $5 million in revenue requesting loan funds of $150,000 or less. Reading Co-operative Bank also participates in other local community based funding sources which are designed to assist residents and business.

We pride ourselves in our ability to offer our customers personal assistance before and after the loan has closed! Please do not hesitate to contact us.