Short-Term Capital & Financial Services
Virtually any type of financial service is available in Pitt County, including international banking services. Fifteen financial institutions, including the five largest banks operating in North Carolina, have full service offices in Pitt County.
Major banks are capable of making interim or term loans on real estate in excess of $50 million for any single project. Terms (or maturity) may exceed 15 years depending upon the project and the financial condition of the borrower. Machinery and equipment can be financed from 5 to 10 years with some banks offering amortization schedules on 10 to 15 year bases. Working capital and land development loans are also available in addition to services such as leasing, cash management, trust, and commercial and international finance. Several banks are also active in the industrial revenue bond market and participate in SBA (504) loan packages.