Community Bank of Broward

Community Bank of Broward - Products and Services:

Community Bank of Broward’s business services include checking, savings, and money market accounts, as well as certificates of deposit, online banking, debit cards, commercial mortgages, lines of credit, and term loans. Operating as an independent bank, Community Bank of Broward offers term loans for companies seeking to pursue alternative market strategies, improve their properties or leaseholds, introduce new products, acquire equipment, pay one-time expenses, consolidate their debts, or accumulate permanent working capital. Term loans for businesses, which often amortize with monthly payments on principal and may have fixed or variable interest rates, usually mature in one year or over a longer period. Their maturity usually coincides with the depreciable life of secured assets. Collateral may include inventory, accounts receivable, equipment, equity in real property, and investments. To qualify for a term loan, a company must demonstrate a three-year business history and positive cash flow. It must also provide a set purpose for the loan, which must be used to meet a legitimate, non-speculative business need.

Community Bank of Broward - Additional Details:

Community Bank of Broward offers a number of convenient locations throughout South Florida. The bank maintains eight branches in cities such as Hollywood, Dania Beach, Coral Springs, Hallandale Beach, and Fort Lauderdale. Community Bank of Broward provides high quality financial services and products to professionals, businesses, and private individuals. In addition to traditional banking products and services, the bank invests in relationships with its clients and stakeholders to optimize their investment returns and act as an ally in the continued growth and development of their financial goals.