Business Loan Rates

Auto Loans (Non Commercial)

Effective Date: Tuesday, August 21, 2018

Model Year Annual Percentage Rate* Comments
2016-2018 2.97% Term <= 36 months
2016-2018 3.39% Term<= 60 months
2016-2018 3.54% Term > 60 months & <= 72
2016-2018 4.06% Term > 72 months & <= 78 months max.(Loans $15,000+)
2016-2018 4.79% Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2008-2015 3.46% Term <= 60 months
2007 and older 4.64% Term<= 48 months

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $20,000 auto loan at 3.19% interest rate for 60 monthly payments of $362.87 with a $100 origination fee will have a 3.39% APR. 

Auto Loans (Commercial)

Effective Date: Tuesday, August 21, 2018

Model YearAnnual Percentage Rate*Comments
2013-20184.42%Term <= 60 months
2013-20184.59%Term > 60 months & <= 72
2013-20185.10%Term > 72 months & <= 78 months max.(Loans $15,000+)
2013-20185.84%Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2012-20084.42%Term <= 60 months
2007 and older5.43%Term <= 48 months

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $30,000 auto loan at 4.19% interest rate for 60 monthly payments of $555.91 with a $125 origination fee will have a 4.423% APR. 

Commercial Equipment

Effective Date: Tuesday, August 21, 2018

Annual Percentage Rate*Comments
6.34%96 month term (loans $40,000+)
5.88%84 month term (loans $30,000+)
5.40%72 month term (loans $20,000+)
4.92%60 month term (loans $15,000+)
4.47%48 month term (loans $10,000+)

*Discounted rate available with automatic payment plan using a Gate City Bank checking account. Offer not valid on Gate City Bank lines of credit. Other terms and conditions may apply. Loan Payment Example: a $25,000 commercial equipment loan at 4.65% interests rate for 60 monthly payments of $468.56 with a .50% origination fee will have a 4.924% APR.