Business Loan Rates

Auto Loans (Non Commercial)

Effective Date: Wednesday, May 23, 2018

Model YearAnnual Percentage Rate*Comments
2016-20182.99%Term <= 60 months
2016-20183.16%Term > 60 months & <= 72
2016-20183.66%Term > 72 months & <= 78 months max.(Loans $15,000+)
2016-20184.39%Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2008-20153.02%Term <= 60 months
2007 and older4.24%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 2.79% interest rate for 60 monthly payments of $359.30 with a $100 origination fee will have a 2.99% APR. 

Auto Loans (Commercial)

Effective Date: Wednesday, May 23, 2018

Model YearAnnual Percentage Rate*Comments
2013-20183.96%Term <= 60 months
2013-20184.13%Term > 60 months & <= 72
2013-20184.62%Term > 72 months & <= 78 months max.(Loans $15,000+)
2013-20185.36%Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2012-20083.96%Term <= 60 months
2006 and older4.95%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 3.79% interest rate for 60 monthly payments of $551.90 with a $125 origination fee will have a 3.956% APR. 

Commercial Equipment

Effective Date: Wednesday, May 23, 2018

Annual Percentage Rate*Comments
5.65%84 month term (loans $30,000+)
5.17%72 month term (loans $20,000+)
4.71%60 month term (loans $15,000+)
4.25%48 month term (loans $10,000+)
3.83%36 month term (loans $5,000+)

*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 4.50% interests rate for 60 monthly payments of $466.08 with a .50% origination fee will have a 4.706% APR.