Short-Term Capital & Financial Services

Short-Term Capital & Financial Services

Virtually any type of financial service offered in New York, London, Tokyo, or Dusseldorf is available in Pitt County, including international banking services. The statewide banking system and modern computer technology allows banks in almost every community to have access to sophisticated and specialized talent and services not usually available outside traditional financial centers. The five largest banks operating in North Carolina all have offices in Pitt County.

Several of North Carolina’s major banks maintain regional offices in Greenville. These banks have branches throughout the state, offer national bank card services, and operate foreign offices in Tokyo, London, Hong Kong, as well as locations in several Caribbean nations. Correspondent relationships also exist with major banks in Canada, France, Switzerland, Germany, and the Middle East.

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 several 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 exhibit a willingness to participate in SBA (504) loan packages.

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