Commercial Loans

Commercial-LoansCommercial Loans

For over 100 years Bank of Ocean City has been making loans to local businesses and fueling the growth of our community.  Our commitment to supporting local business is deeply rooted in the Bank’s lending practices and quick response time.  Our staff of Certified Business Bankers can help you and your business succeed and adapt to the ever changing commercial market.

We realize there is no “one size fits all” loan structure. That is why our loan officers at Bank of Ocean City seek to understand your business and its needs so they can provide a loan with repayment terms that work best for your business.  Come in and see how we can customize a loan to fit your business needs.

Every business needs capital to operate and grow.  Whether you are thinking about expanding your business or developing a commercial property; our loan officers welcome the opportunity to discuss your financing needs.

Have a financing need? Explore Bank of Ocean City’s Business Loan options and then give us a call!  Below is a partial listing of our commercial loan products.

Commercial Real Estate

We offer commercial mortgages on real estate, both improved and unimproved, to fit your business needs.  With our ability to deliver quick lending decisions, we will not delay your real estate acquisition or refinancing transaction.  Our real estate lenders have the strong industry knowledge and market expertise to structure a loan that best meets your needs. 

Commercial Mortgage

We offer commercial mortgages customized to meet your business needs.  With our ability to deliver quick lending decisions, we will not delay your real estate acquisition or refinancing transaction.  Additionally, we finance both investment and owner-occupied real estate.

Investment Property

We offer commercial mortgages on investment property.  With our ability to deliver quick lending decisions, we will not delay your real estate acquisition or refinancing transaction.  Flexible repayment options are available, especially to help with a seasonal environment.

Line of Credit

We offer lines of credit designed to fund short term working capital needs, seasonal purchases, inventory, and receivables. We work closely with you to understand the unique cash flow cycle of your business and help determine the best fit.

Letter of Credit

We offer letters of credit to businesses that need a surety or performance bond.  Bank of Ocean City will work with you to structure a letter of credit to meet your company’s specific needs.

Commercial Construction

We offer construction loans that fit your development needs.  Whether it be a simple construction loan or a land acquisition/redevelopment project, Bank of Ocean City has the loan to fit your needs. 

Equipment Financing

We offer equipment financing and can offer flexible repayment options.  By financing, your working capital remains available for other business opportunities.  Match the term to the life of your asset, and your repayment schedule can be structured to fit your cash flow. 

Custom Lending Product

Bank of Ocean City understands the seasonal environment of a resort town and its communities.  We offer flexible lending products that accommodate nontraditional repayment terms for businesses that do not enjoy steady year round cash flow.  Let Bank of Ocean City create a custom loan to fit your business needs and cash flow.

Starting the Business Lending Process

It’s important to work with an experienced, local banker who you can work with you throughout the loan process. As a community bank, our loan officers are here to help your business succeed and assist you every step of the way.  The success of your business is a priority at Bank of Ocean City!

Here is a list of items that will be needed to get the loan process started:

  • Two years of business tax returns, including all schedules if available.
  • Two years of personal tax returns
  • Personal Financial Statement; completed, signed and dated.

For your security, do not send these documents to us through regular email. Please use a secure email service.
Every borrower is unique, please contact us for a customized solution to begin the business lending process.

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Paycheck Protection Program (PPP)


We have received hundreds of calls regarding the Paycheck Protection Program (PPP) of the CARES Act that was recently passed by Congress. Bank of Ocean City is making every effort to participate in the program and working diligently to get processes in place to handle the large volume of requests expected from our existing customers.

We are now an approved lender, but with limited access to the SBA programs needed to process the applications. Please keep in mind that the banking industry is being asked to carry out a government program. The government has provided very limited guidance on the program and no funding to assist banks with the program. Despite these hurdles, Bank of Ocean City is committed to helping every customer, to the best of our abilities.

We cannot guarantee we will be able to assist every customer before the money for the program runs out. This is a heavy burden for us to carry.

Below are the program details, application, document checklist and sample spreadsheet.  

Click Here for an Overview of the Paycheck Protection Program

Click Here for the Paycheck Protection Program Application

Click Here for the Paycheck Protection Program Check List

Click Here for a Paycheck Protection Program Loan Amount Calculation Spreadsheet

We are committed to ensuring the safety of your financial information and would like to remind you that confidential information should not be included when communicating via e-mail. If your intent is to return the completed Paycheck Protection Program packet by email please contact your Business Banker prior to doing so. We will initiate a secure email to you which should be used for your reply in attaching the completed packet.

We will process the applications as quickly as possible and to the best of our abilities. Thank you for your patience and understanding as we have worked our way through this difficult situation.


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