Welcome to First South Bank

Loans & Lines of Credit

Commercial Real Estate Loans

  • Purchase, improvements and expansion of business facilities
  • Owner-occupied real estate
  • Income production investment real estate
  • Commercial Office space and/or multi-use space
  • Shopping Center Development
  • Apartment Complex
  • Warehouses
  • Raw Land purchase

Commercial Construction/ Acquisition and Development (A&D) Loans

  • Developing single-family and multi-family properties
  • Subdivision Development
  • Land Acquisition

Term Loans

  • Real Estate
  • Term working capital loan
  • Vehicle and equipment financing
  • Leasehold improvements

Lines of Credit

  • Available liquidity for business working capital cash flow needs
  • Revolving
  • Short term or seasonal needs
  • Unplanned expenses or business emergencies
  • Can be attached to Business Checking account for overdraft protection

Letters of Credit

  • A "guarantee of payment" to beneficiary
  • Real Estate-sometimes required by County, City or State during development phase
  • Purchase of specialized goods

Small Business Administration Loans (SBA)

  • 504 Certified Development Company Loan Program
    • long term, fixed rate financing for a fixed asset
    • Debenture Loans
  • 7(A) Loan Guaranty Program
    • the most widely known SBA loan

Merchant Services-Credit Card Processing