Business Loan Rates

Auto Loans (Non Commercial)

Effective Date: Tuesday, November 20, 2018

Model Year Annual Percentage Rate* Comments
2016-2018 3.36% Term <= 36 months
2016-2018 3.54% Term<= 60 months
2016-2018 3.97% Term > 60 months & <= 72
2016-2018 4.46% Term > 72 months & <= 78 months max.(Loans $15,000+)
2016-2018 5.21% Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2008-2015 3.86% Term <= 60 months
2007 and older 5.07% 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 3.54% interest rate for 60 monthly payments of $366.01 with a $100 origination fee will have a 3.74% APR. 

Auto Loans (Commercial)

Effective Date: Tuesday, November 20, 2018

Model YearAnnual Percentage Rate*Comments
2013-20184.78%Term <= 60 months
2013-20184.95%Term > 60 months & <= 72
2013-20185.45%Term > 72 months & <= 78 months max.(Loans $15,000+)
2013-20186.20%Term > 78 months & <= 84 months max. (Loans $20,000+ AND credit score of 730+)
2012-20084.81%Term <= 60 months
2007 and older5.89%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 4.54% interest rate for 60 monthly payments of $562.17 with a $125 origination fee will have a 4.71% APR. 

Commercial Equipment

Effective Date: Tuesday, November 20, 2018

Annual Percentage Rate*Comments
6.73%96 month term (loans $40,000+)
6.24%84 month term (loans $30,000+)
5.75%72 month term (loans $20,000+)
5.28%60 month term (loans $15,000+)
4.82%48 month term (loans $10,000+)
4.39%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 5.00% interests rate for 60 monthly payments of $474.14  with a .50% origination fee will have a 5.28% APR.