The Building Blocks of Business

It happens to countless business owners. They wake up one day and realize they’re at a crossroads. 

To grow the bottom line means they also have to find a way to grow capacity. And that usually means spending money. This could mean adding operating space, integrating new services or equipment or buying a new building or piece of property.

It can be scary knowing when to add on, buy a new building or invest in new services and equipment. Having an experienced lender who really cares about your success can make all the difference.

V.P. of Commercial Lending Melvin Harvey Jr., with the hammer given to him by a client.

For decades, the Bank of St. Francisville has helped its clients set a positive course for the future through affordable commercial loans. Our bankers understand their customers’ businesses. They’ve watched them grow over years (and in some cases, generations), they’ve patronized them, and they’ve seen the contributions they play in the community. These community connections provide unmatched insight when it comes to crafting the right lending package. Commercial construction loans, for example, are interest-only for 24 months, allowing borrowers the flexibility to complete projects before locking into a fixed rate.

“We want to see our customers thrive,” said Melvin Harvey, Jr. vice president of commercial lending. “It’s good for the whole community when that happens. We’re committed to this parish and its economic success.”

Melvin adds that the Bank of St. Francisville has a long tradition of helping family businesses grow across the generations. The Myrtles Plantation is one. Owners John and Teeta Moss worked with the bank to purchase the iconic landmark in 1992 and have continued to work with the bank as they have made key improvements, including the addition of multiple guest cottages. Now the couple, along with their son, Morgan, are planning to add a new restaurant, additional guest quarters and a culinary walking trail with fruit orchard and herb plots. Once again, the bank is serving as lender.

“We really like the idea of helping Morgan—the next generation of leadership—advance his family’s hopes and dreams for the property,” said Harvey. “We love hearing about new ideas and helping our clients succeed.”

For businesses of any size and sector, the Bank of St. Francisville serves as a trusted partner eager to support growth. Find out more about our commercial banking services here.

Call us at (225) 784-3162 or email Melvin to get started.

Further Reading