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Business and Commercial Loans

Founded with the principles of entrepreneurism and a genuine spirit to serve our customers, our commercial banking team exemplifies the meaning of a community bank.

At Bank of the James, it's our business to help your business grow. As your business grows, so do your financing requirements. Our local lenders work with their customers to understand their business goals and challenges, and tailor the financing to help them be successful in today's competitive market.

Business Installment Loans

We offer term loans to provide funding for a variety of business expenses. Business installment loans provide term funds at fixed or variable rates to support accelerated growth and expansion, acquisitions, equipment purchases and other improvements.

Operating Lines of Credit

We understand that timely, convenient access to credit is essential. A Bank of the James Line of Credit can provide flexible and quick access to funds to support inventory, receivables and to handle expenses during periods of reduced cash flow. Funds can be borrowed, repaid and borrowed again with interest paid monthly on the outstanding principal balance.

Commercial Real Estate Loans

Our skilled lenders can help you purchase or refinance commercial or industrial real estate with a Commercial Real Estate Loan. Bank of the James offers a variety of payment and amortization schedules to meet your needs.

Construction Loans

With a Bank of the James construction loan, building or renovating an office or facility is as simple and hassle-free as possible. There's typically one initial set of documents, one support team, one set of fees and one closing. Then when construction is complete, the loan automatically converts into a permanent term loan based on the original approval.

Business Expansion Loans

Look to Bank of the James for financing solutions to help in business acquisitions or other business expansion needs. Let us help you implement your long range plans.

Letters of Credit

Bank of the James can issue letters of credit for our valued business customers as a way to ensure sellers that they will get paid as long as they do what they've agreed to do.

Business Credit Cards

Manage your day to day business expenses more effectively. Use a business credit card for purchasing office supplies, entertaining clients or emergency expenses. Bank of the James can tailor your credit limits to fit your business needs.

Talk with a member of our Commercial Lending Team today to discuss your business credit needs. All loans and lines of credit are subject to credit approval and verification.

Our Commercial Lending Team

Main Street Office

Mike Syrek
(434) 455-7544

Katrina Rice
(434) 455-7551

Chip Umberger
(434) 455-7553

Allen Puckett
(434) 455-7522

Forest Office

Chris Taylor
(434) 455-1343

Randy Nexsen
(434) 455-1344
NMLS# 435210

Amherst Office

Garth Calhoun
(434) 946-9777
NMLS# 435200

Church Street

Patrick Richardson
(434) 455-8101

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