Loans
CSB offers many great products and services for our community, find out more below!
Residential Mortgages Loans
Provide long-term home mortgages through partnership with Rocket Mortgage and in-house mortgage financing for W-2 employees, self-employed and asset-based borrowers.
Consumer Vehicle Loans
Provide financing to purchase new and used automobiles. The bank will finance up to 90% of purchase price and will provide repayment up to 72 months. Down payment and length of repayment will be based on the vehicle’s age and value.
Consumer Term Loans
Provide short term loans to satisfy personal capital needs. These loans require pledged collateral from the consumer with a satisfactory loan to value for the bank.
Business Vehicle Loans
Provide financing for business automobiles, trucks and specialty vehicles. The bank will finance up to 90% of purchase price and will provide repayment terms up to 72 months.
Business Equipment Loans
Provide financing to purchase new and used equipment. The bank will finance up to 90% of purchase price and will provide repayment terms up to 60 months.
Commercial Real Estate Loans
Provide financing for a variety of commercial real estate products including owner-occupied, multi-family, industrial, retail, office, self-storage and hospitality real estate. The bank will finance up to 80% of purchase price and will provide a payment amortization up to 25 years.
Home Builder Construction Loans
Provide financing to a residential home builder to construct either a pre-sold or speculative single-family home. The bank will finance up to 85% of hard cost.
Commercial Development Loans
Provide financing to experienced real estate developers to develop land and vertical infrastructure. The bank will finance up to 75% of the project cost.
Raw Land Loans
Provide financing to purchase raw land for either future development or long-term investment. The bank will finance up to 70% of purchase price on raw land and will provide a payment amortization up to 15 years.
SBA 7a Loans
Provide small business loans guaranteed by the SBA 7(a) Loan Program. The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. 7(a) loans can be used for:
- Acquiring, refinancing, or improving real estate and buildings
- Short- and long-term working capital
- Refinancing current business debt
- Purchasing and installation of machinery and equipment
- Purchasing furniture, fixtures, and supplies
- Changes of ownership (complete or partial)
- Multiple purpose loans, including any of the above
SBA 504 Loans
The 504 Loan Program provides long-term, fixed rate second lien financing for major fixed assets such as real estate and equipment that promote business growth and job creation. The bank will provide a first lien loan equal to 50% of the cost, and the 504 loan program will provide a second lien loan up to 40% of the cost which equates to a cumulative loan of 90% loan to cost.
504 loans are available through Certified Development Companies (CDCs), SBA’s community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by SBA. The maximum loan amount for a 504 loan is $5.5 million. For certain energy projects, the borrower can receive a 504 loan for up to $5.5 million per project, for up to three projects not to exceed $16.5 million total.
Online Banking
Keep track of account balances and transactions, internal account transfers, loan payments, bill pay, e-statements and access to Mobile Banking.