Commercial Loans

Middle Market - Commercial Clients
People’s United Bank’s comprehensive range of products and services - combined with our unique collaborative approach to commercial banking - has helped thousands of companies to improve their bottom line. We’re quite proud of our heritage of meeting our customers’ needs for over 160 years, and look forward to demonstrating how People's United can help your business grow.

The Commercial Lending Department of People’s United Bank serves qualified borrowers with an aggregate credit need in excess of $500,000 (for credit needs less than $500,000 see Small Business Loans and Credit Lines) . People's United Bank commercial loan officers know the best ways to accommodate your credit needs.

For information about Federal and State Loan Programs:

• Small Business Administration (SBA) Programs
• Connecticut Development Authority (CDA) Programs

Commercial Loans:

• International Services
• Lines of Credit
• Term Loans
• Demand Loans

Lines of Credit

• Capital Expenditure Line of Credit

Provides an availability of funds that are issued to finance capital acquisitions (typically machinery and equipment). Advances under capital expenditure lines of credit ordinarily convert to term loans and are retired over time on an amortization schedule that considers the useful life of the assets acquired with the loan proceeds as well as other factors.

• Revolving Line of Credit

Provides working capital for businesses that may not have the ability to pay down the facility to zero balance each year.

• Seasonal Line of Credit

Provides short-term working capital for businesses that have working capital requirements caused by recurring business patterns. This type of facility generally has a requirement to pay the loan down to a zero balance for an agreed upon period of time each year.

Term Loans
Business term loans are loans payable over a period of one to ten years and are generally paid in monthly or quarterly installments. Term loans are normally used to finance the purchase of fixed assets such as machinery, equipment, owner-occupied real estate or business acquisitions.

Demand Loans
These loans offer a single payment of principal without a fixed maturity date. Principal is due whenever the bank makes demand for payment.