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.
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.
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.
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.
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.
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.
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.
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:
For your security, do not send these documents to us through regular email. Please use a secure email service.
Bank of Ocean City is making every effort to assist our customers in this time of need and is actively attempting to participate in the Paycheck Protection Program.
Currently, like other financial institutions across the county, we are reviewing the US Treasury guidance that was released late yesterday and waiting on final guidance and details from the Small Business Administration. We will update you as soon as guidance on submission of applications is released. At that time we will begin accepting applications. The website will be updated as additional information becomes available.
Thank you for your patience during this challenging time for all of us.