Commercial Banking
You’re looking for a bank that understands the challenges you face as a business owner and operator. A bank that’s been in your shoes and knows what it takes to survive and thrive.
In today’s fast paced world, you need to move quickly. You need a banking partner that can keep up. All of our products are built on a responsive, digitally-enabled platform that eliminates the clunky processes that slow down decision making.
Banking Designed to Make Your Life Easier
Take advantage of business opportunities that come your way with our fast and flexible solutions for business owners and operators:
- Built for Speed: We offer customized solutions you need at the speed you need them
- Technology-Enabled: Our integrated technology platform enables us to work faster and remotely
- Relevant & Right-Sized Financing: We reflect the entrepreneurs we serve
- Pier-to-Peer Experience: We meet you where you are
Right-Sized Financing
For companies with revenue greater than $10 million, enterprising value of $15 million or more, or an EBITDA greater than $2 million, we offer a multitude of financing options to meet your capital needs.
- Asset-based Loans for fast growth, leveraged or turnaround companies
- Term Loans for large inventory or equipment purchases, or debt consolidation
- Revolving Lines of Credit for those businesses that experience cash flow peaks and valleys
- Capital Call Lines for private equity and venture capital companies
- Acquisition Financing for stable businesses looking to expand through business purchase(s)
- Real Estate Loans including business owner-occupied real estate loans. For more on our Commercial Real Estate products click here
Longer Term Financing with SBA Loans
SBA loan programs have features that a conventional loan may not have and provide the financing support you need through a longer period with fixed rates.
A few key features & benefits include:
- Long-term, fixed rate financing: up to 25 years for real estate and up to 10 years for other loans
- Higher LTV for real estate projects: up to 90% vs. 65% LTV for traditional real estate loans
- Full amortization and no balloon payments
- Quick turnaround and certainty in execution with Piermont’s fully digitalized platform and team of experienced lenders
Piermont Bank offers two SBA programs, 7(a) and 504. Learn More
Innovation Banking
We enable innovation by serving venture capital and private equity investors with Fintech portfolios.
- Product Expertise: we have a deep understanding of the venture capital and private equity industries and offer financing options tailored to investors’ needs
- Operational Efficiency: we address all inquiries within the next business day and are able to make credit decisions in three days (vs. weeks for traditional banks)
We offer investors:
- Capital Call Lines of Credit
- Subscription Lines of Credit
- Senior-secured Portfolio Financing
- Other financing options to fund capital commitments or operational needs
Common Sense Banking
From basic business banking to specialty business banking and cash management to state-of-the-art online banking, our products are built for with your growth in mind.
Looking for creative banking products? Pay for what you use with our subscription-based PiermontSimple program.
A Pier-to-Peer Experience
Piermont was founded with the notion that a bank should reflect your business needs and meet you where you are. Here are just some of the ways we’ve met our customers’ needs through our commercial banking offerings:
$4 million
- Loan TypeAsset-based lending
- LocationSanta Fe Springs, California
- Light manufacturing companyPiermont financed an asset-based revolving line of credit based on a restructured formula to maximize the efficiencies of borrower’s current assets, including accounts receivable and inventories, allowing the borrower to have more capital available based on existing and future business.
$4.3 million
- Loan Type Revolving line of credit
- LocationQueens, New York
- A certified women business enterprise electric companyPiermont provided a financing package to support future business growth that included a revolving line of credit, a non-revolving line, as well as a term loan based on the borrower’s assets.
$8 million
- Loan Type Line of Credit
- LocationNew York, New York
- VC backed digital-to-consumer product company Piermont creatively structured a line of credit based on borrower assets. This significantly lowered the client’s cost of and mitigated further equity stake erosion by avoiding equity investment.
$4 million
- Loan TypeCapital Call Line
- LocationPalo Alto, California
Piermont structured a capital call line that allowed the borrower client to have greater liquidity and additional leverage at a lower capital cost.
$3 million
- Loan TypeLine of Credit & Cash Management
- LocationNew York, New York
- New York City-based RetailerPiermont took a holistic approach to the client’s lending and cash management needs and offered a solution to help client create efficiencies and reduce cost.
$1 Million
- Loan TypeRevolving line of credit
- LocationNew York, New York
- Fintech CompanyPiermont provided a line of credit for a FinTech start-up to fund its operation, and it enables the company to lower its cost of financing..
For some transactions, there may be a lending partner where Piermont serves as a lead bank.
What Our Clients Say
