Colonial's Medical Professional Loan Program offers two flexible options:
| TERM LOANS | STRUCTURE |
|---|---|
| Minimum Amount | $50,000 |
| Maximum Amount | $2,500,000 |
| Interest Rate Option 1 | WSJ Prime minus 0.26% fixed at closing |
| Interest Rate Option 2 | WSJ Prime plus 0.25% fixed at closing |
| Amortization & Maturity for Rate Option 1 | Fully amortizing up to 5 years |
| Amortization & Maturity for Rate Option 2 | Fully amortizing up to 10 years |
| Collateral | Assignment of Life Insurance Policy and other collateral as appropriate |
| LINE OF CREDIT | STRUCTURE |
|---|---|
| Minimum Amount | $50,000 |
| Maximum Amount | $1,000,000 |
| Interest Rate | WSJ Floating |
| Amortization/Payments/Maturity | Interest Only Monthly/Two Year Maturity |
| Collateral | Assignment of Life Insurance Policy |
You can apply online, or reach out to one of our Commercial Banking experts who will be happy to answer any questions you might have.
*Use your existing life insurance policy as collateral for a loan and potentially access lower interest rates. However, be aware that if you die while still owing on the loan, a portion of your death benefit will be used to pay off the debt before any remaining amount goes to your beneficiaries.
“My family has banked with Colonial since the '70s. You are a member of the family here. The mammoth banks cannot compete with Colonial's personalized service. They ALWAYS make sure they know you and your specific needs. I will never switch. Highly recommend!!”
Barbara C.
“I may be living in Houston now but my money stays in Colleyville and has for the last 45 years! You are like family to me.”
Don B.
“All the ladies at Colonial in Colleyville are friendly, caring, and service friendly. I highly recommend this bank!”
Ruth E.
“It is so refreshing to be a customer of a business that is so concerned with customer service. From someone answering the phone and not getting a phone tree, to being greeted at the front door, to employees truly there for you. I highly recommend Colonial Savings.”
Susan D.
“I have been with Colonial Savings since 1999. They have always looked for ways to serve my banking needs with professional and courteous associates. Definitely a 5 star organization!”
Jeffrey P.
“Great service on banking and loans as well. I have been a customer for 30 years and have always been treated with courtesy and respect. Top notch service!!! I highly recommend.”
Thomas H.
