FGB has a variety of loans that will help you with your business. Just take a look below at a few of the loans we offer. To receive more information or to apply for any of these loans, please visit your local branch.
Everyone looks for a great price when they purchase a new or used vehicle but do they look for a great interest rate? Once you settle on your vehicle’s price your next step is to pay for it. First Guaranty Bank offers competitive loan rates on both new and used cars, trucks, SUV’s, crossovers and mini-vans from a dealer or individual of your choice. Applying for financing is fast and easy.
FGB offers three types of term loans:
Unsecured Loans - A loan for which you do not offer any collateral. This loan is great to consolidate your debt, take a dream vacation and more.
CD Secured Loans - A loan that uses your certificate of deposit as collateral. This loan gives you on-the-spot approval with one of the lowest interest rates available, all while you continue to earn interest on your CD.
Asset Secured Loans - A loan that is secured against your business assets such as real estate, equipment, inventory, accounts receivable, etc. This loan allows you a lower rate of interest and a flexible repayment period.
Real Estate Loans
The purchase of real estate is a sound decision. FGB has the experience and lending power to assist you with all your real estate ventures. From residential homes to investment-grade properties, FGB is your first and last stop for all your lending needs.
Interim Construction Loans
We are a leader in construction lending. With an expert knowledge of construction lending requirements, we have streamlined the loan process. Draw funds as needed to pay contractors and suppliers. When the building is completed, the loan is paid off with proceeds from permanent financing. Most construction loans are granted after permanent financing has been arranged.
Agricultural and Equipment Loans
The United States Department of Agriculture (USDA) and Farm Service Agency (FSA) Guaranteed Loan Program provides financial support for rural businesses. FGB understands the very important role the agricultural business plays in our state. This is why we specialize in loans made to farmers or to those engaged in the business of raising livestock, grain, or related products.
FGB makes loans available to the businesses in our communities through the Small Business Administration.
Louisiana Main Street Recovery Grant Program
This program is facilitated by the state of Louisiana and awards grants to Louisiana small businesses to assist in their recovery for the economic impacts of COVID-19.
Line of Credit
At FGB we understand the challenges of cash flow in a business. With our line of credit, your business has ready access to funds to help you meet any unexpected financial challenges that may arise.
Letter of Credit
Our letter of credit:
- Lets you conserve cash ordinarily used for security deposits
- Gives you a stronger negotiating positions