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Borrowing Options

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Whether you need to purchase equipment, build a new facility, expand your operations or meet seasonal fluctuations in cash flow, Washington Trust can tailor a financing solution to meet your specific needs. From term, construction and SBA loans to commercial real estate mortgages, to lines of credit and leasing arrangements, Washington Trust offers a comprehensive suite of loan products, including multi-million dollar packages. All of our loans are backed by expert, personalized service. To speak with a lender about your financing needs, please call us at 401-348-1200 or 800-475-2265.

Term Loans

Term loans are an effective tool for financing equipment purchases, renovations, or expansions, allowing your company to amortize the principal and interest over an extended period of time.

Business Lines of Credit

Business Lines of Credit provide you with a flexible and convenient resource for financing accounts receivable and inventory, or to take advantage of business opportunities as they arise. If you have a seasonal business or experience fluctuating cash flow, a revolving line of credit can supplement your internally generated cash flow with bank financing as needed. Washington Trust offers a range of credit line options, allowing you to choose the terms that suit your business needs best.

Commercial Real Estate Loans

Washington Trust offers construction, intermediate term, and long-term takeout financing for both owner-occupied and investment property. We have an experienced and talented team of lenders who not only handle the standard credit requests, but are able to handle complex, multi-million dollar deals throughout New England as well.

Small Business Administration (SBA) Loans

Washington Trust's commitment to helping small businesses start up, prosper, and grow is reflected in our designation as a Small Business Administration (SBA) preferred lender. Contact us about customized solutions for small business lending.

Securities-Based Lending

With a Securities-Based Loan or Line of Credit* from Washington Trust, you can borrow money using marketable securities** held at Washington Trust or another financial institution as collateral. This gives you the ability to access liquidity while maintaining your portfolio’s current exposure to the market. You will continue to receive the benefit of any dividends, interest, or capital appreciation that may accrue in the account.

A Securities-Based Loan allows pledged securities such as stocks, bonds, mutual funds or Treasury bills to act as collateral for borrowed funds to:

  • Manage cash flow without liquidating assets
  • Cover near-term expenditures or major purchases
  • Mitigate tax consequences of asset sales
  • Take advantage of investment opportunities
  • Address cash-flow needs
  • Meet longer-term life goals, such as charitable giving, hobbies or education costs

Benefits of a Securities-Based Loan

  • Low interest rates
  • No pre-payment fee
  • Minimum monthly interest-only payments
  • Three-year committed credit facility
  • Quick funding
  • Non-recourse loan

Under the line of credit, the lendable value of each asset class is up to 90% for treasuries, 80% for qualified bonds, and 70% for qualified stocks.

What cannot be used as collateral:
401ks, IRAs, Money Market Accounts, CDs, and Annuities cannot be used as collateral for a Securities-Based Loan, however these can be converted into cash, then the securities may be purchased and used as collateral.

For more information, contact Joe Confessore, Senior Vice President and Team Leader, Commercial Banking, at jmconfessore@washtrust.com or 401-348-1439.

 

*The subject Securities-Based Loan will have a minimum loan amount of $250,000; a minimum $250 documentation fee; and a minimum $250 trust review fee, if applicable. **Non-deposit investment products are: Not deposits; Not FDIC insured; Not insured by any federal government agency; Not guaranteed by the Bank; and May go down in value.

 

Professionals Practice Banking

Customized financing for your practice.

For professional practices, including law firms, accounting firms, dental & medical offices
You have big plans for your practice, and Washington Trust can help. We have a package designed exclusively with you in mind, and it comes with the one-on-one personal service of a trusted advisor.

Borrowing Options

Washington Trust provides customized financing with the best terms and interest rates available, including:

  • Working capital lines of credit
  • Competitive, fixed-rate loans with preferred rates
  • Term loans up to 10 years, to maximize cash flow
  • Mortgages up to 25 years
  • Graduated payment programs for start-up loans

You need:

We Offer:

Practice Acquisition

  • Financing for new practices, acquisitions or partner buy-out

Expansion & Relocation

  • Customized expansion and relocation financing programs designed to accommodate the specific needs associated with practice upgrades
  • Financing for remodeling or expanding, purchasing additional equipment, moving to a new location, or upgrading technology & equipment
  • Leasehold improvement financing (renovation & build-out)

New Equipment

  • Equipment financing to upgrade your practice with new information technology equipment or new operatory equipment for medical and dental practices

Business Refinance

  • Refinancing of existing debt to improve existing cash flow
  • Loan consolidation to bundle your debt into one simple payment, often lowering your payment and improving cash flow, allowing you to allocate more funds to other endeavors, including retirement plan funding

Property Purchase

  • Commercial real estate financing to purchase the property where your practice is located, which grows the practice and builds equity
  • A full suite of products, including building and condominium purchases, new construction (ground up or building renovation), and existing debt refinancing
  • Up to 90% financing available, terms up to 25 years, Small Business Adminsitration (SBA) 7(a) and 504 loans

Washington Trust offers a full suite of business and personal deposit accounts, as well as wealth management services to fit the needs of you, your practice, your partners, and your clients. For more information, contact Washington Trust’s Commercial Banking Team at 800-475-2265.

The Washington Trust Company
NMLS#414726
© 2015 The Washington Trust Company | All Rights Reserved
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Maintenance

Online Banking & Mobile Banking

May 8, 2016
12:30 am to 4:30 am

Due to system maintenance, Online Banking & Mobile Banking will be unavailable on Sunday, May 8th between the hours of 12:30 am and 4:30 am