Whether you’re looking for a business loan, lease or line of credit, look no further. Here at Covenant Bank, we’re committed to getting your business the funding that it needs. Give us a call today.
Are you planning to build, purchase or refinance existing properties? We offer construction financing, acquisition, refinancing and rehab loans. We work closely with real estate investors, community developers, and small business owners.
Are you expanding your operations? We have flexible financing terms for equipment leases, and long term loans for equipment purchases and inventory financing.
We believe every business owner should have a line of credit to help manage cash flow. Whether you need to temporarily cover payroll, purchase inventory or upfront costs for that new business deal, our revolving line of credit provides the extra cash to help meet your needs.
We believe schools, churches, ministries and community service organizations each play a vital role in education, re-building communities and helping families thrive. We know that taking your vision to the next level may require financing. We’re here to help with real estate and equipment financing and lines of credit to further your programs and services.
FDIC Insures Your Deposits Up To $250,000
On July 21, 2010 the maximum deposit insurance amount was raised to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. For additional information regarding FDIC’s deposit insurance coverage use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) and deposit insurance publications located on the FDIC’s website “Are My Deposits Insured?” In addition, you can call the FDIC at 1-877-ASK-FDIC (1-877-275-3342).
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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