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Real estate term loans are available for purposes such as real estate purchases, construction, development, and business expansion.
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Installment term loans are available for purposes such as purchasing equipment, machinery, financing for expansion or leasehold improvements. Term loans are available up to five years and are generally secured by the assets that are being financed.
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By establishing a line of credit at Bank of Botetourt, funds are available at you discretion. You may borrow against your line of credit for working capital and short-term needs.
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Bank of Botetourt offers letters of credit for purposes such as performance bonds, erosion and sediment control bonds, and other guarantees that may be required of commercial customers.
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