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Business Commercial Loans FAQs

Term Loan FAQs
1. What is the best use of this loan?
2. What are the loan terms?
3. Is there any fee?
4. How can prospective clients apply for a TLTB?

Line Of Credit FAQs
5.What is the best use of this credit?
6. What are the loan terms?
7. Is there any fee?
8. How can prospective clients apply?

Commercial Real Estate Loans FAQs
9. What types of the commercial properties are eligible for commercial real estate loan?
10. How can Shinhan Bank America's commercial real estate loan help me?
11. What kind of interest rates and term does Shinhan Bank America offer me?


1. What is the best use of this loan?

TLTB allows companies to obtain lump sum funding for business expansion and growth, long-term working capital, expansion/modernization of current business, etc.

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2. What are the loan terms?

TLTB may be extended at variable interest rates and flexible maturity options of 2,3,4, 5-years with a maximum 10-year amortization schedule, allowing for predictable payment schedule.

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3. Is there any fee?

There is an origination fee of 1-2% of loan amount and a documentation fee of $300 to $500 varying on a case by case.

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4. How can prospective clients apply for a TLTB?

Apply in person at any of Shinhan Bank America branches or loan processing offices, conveniently located throughout NY, NJ, CA, GA and VA. Please click here for their locations.

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5.What is the best use of this credit?

Commercial line of credit allows your firm to meet short-term cash needs with various options. You can borrow only what you need and keep your interest payments low. Business line of credit allows your firm to meet short-term cash needs primarily for international trade business.

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6. What are the loan terms?

Typical loan term is one year or less for all lines of credit, renewable upon satisfactory performance.

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7. Is there any fee?

There is a documentation fee of $300 to $500 varying on a case by case basis, and up to 1% in origination fee. Stand by letter of credit is the bank’s unconditional guarantee and will cost the applicant a fee of up to 2%.

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8. How can prospective clients apply?

Apply in person at any one of Shinhan Bank America branches or loan processing offices, conveniently located throughout NY, NJ, CA, GA and VA. Click here for the locations.

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9. What types of the commercial properties are eligible for commercial real estate loan?

Property Types

  • Apartment complexes that contain more than four units
  • Office buildings
  • Retail strip centers
  • Shopping centers
  • Hotels and motels
  • Warehouses and Industrial buildings
  • Gas station, car wash, and other single purpose property

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10. How can Shinhan Bank America's commercial real estate loan help me?

Shinhan Bank America can help you purchase a commercial real estate or refinance your existing commercial real estate mortgage by providing you with a Commercial Real Estate Loan to suit your needs.

  • Purchase
  • Refinance
  • Improvement, expansion, downpayment to purchase other real estate, and so on.

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11. What kind of interest rates and term does Shinhan Bank America offer me?

We will offer competitive rates in variable rate, fixed rate or hybrid rate, whichever you prefer. Our loan may be amortized over up to 30 years with the maturity of up to 10 years.

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