Do big things for your small business with local financing
Purchase, refinance, or kick off a startup business with the competitive rates and unique terms of an SBA Loan.
Benefits You’ll Love
- Access special financing for qualified businesses
- Get a lower down payment and extended terms
- Explore a wide range of lending options
- Competitive rates to finance inventory, construction, and more
- Available for start-up businesses, as well as purchasing and refinancing existing businesses
- Government-assisted help for businesses that might otherwise have difficulty getting approved
- Special financing for qualifying businesses
- Competitive rates for a wide range of business needs:
- Commercial real estate purchase
- Construction
- Business acquisition or expansion
- Equipment/inventory purchase
- Working capital
- And more
- A wide range of lending options available
- Generally lower down payments and extended terms
- Additional considerations taken when deciding maturity*
- Experienced lenders with in-depth knowledge of the loan process
SBA offers a variety of loan programs for very specific purposes. Take some time to study the programs described in this section to see if you qualify to participate.
GENERAL SMALL BUSINESS LOANS: 7(A)
The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements.
MICROLOAN PROGRAM
SBA’s Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers.
REAL ESTATE & EQUIPMENT LOANS: CDC/504
This loan program provides financing for major fixed assets such as equipment or real estate.
DISASTER LOANS
SBA provides low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters.
Use this calculator to determine your projected earnings from our Rewards Star Checking account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Certificates of Deposit (CD)
Invest confidently knowing you'll receive a guaranteed rate of return with a Centennial Bank CD. We offer a wide range of CD products at competitive market rates. Whether you are looking to invest short-term or long-term, Centennial Bank has the right CD for you. Contact your local branch for current terms and rates.
Club Accounts
| Account | Balance | Interest Rate | APY |
|---|---|---|---|
| Christmas Club | 0 - $5,000 | 1.25% | 1.25% |
| Christmas Club | $5,000+ | 0.50% | 0.50% |
| Vacation Club | 0 - $5,000 | 1.25% | 1.26% |
| Vacation Club | $5,000+ | 0.50% | 0.50% |
Subject to terms and conditions of the bank. There is a minimum $10 deposit to open a club account. Rates effective November 1, 2024
Gold Star Checking Account
| Tier | Interest Rate | APY |
|---|---|---|
| $1,000.00 - $2,499.99 | 0.700% | 0.700% |
| $2,500.00+ | 0.800% | 0.800% |
Money Market Account
| Tier | Interest Rate | APY |
|---|---|---|
| $2,500.00 - $9,999.99 | 0.850% | 0.850% |
| $10,000.00 - $24,999.99 | 0.950% | 0.950% |
| $25,000.00 - $49,999.99 | 1.090% | 1.100% |
| $50,000.00 - $99,999.99 | 1.490% | 1.500% |
| $100,000.00 - $249,999.99 | 3.450% | 3.500% |
| $250,000+ | 4.170% | 4.250% |
Rewards Savings*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $25,000 | 0.9955% | 1.00% |
| $25,000+ | 0.5000% | 0.50% |
| Qualifications not met | 0.01% | 0.01% |
Qualifications
Qualifying for your Rewards Star or Rewards Star Cash Back rewards automatically qualifies you for the highest Rewards Savings rate, too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Rewards Star or Rewards Star Cash Back account during each Monthly Qualification Cycle:
- At least 1 ACH credit or ACH payment transaction
- At least 12 debit card purchases
It's no problem if you miss a qualification cycle. Both accounts are still free and earn our base interest rate. And you can get back to earning rewards the very next month you qualify.
Rewards Star*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $10,000 | 4.889% | 5.00% |
| $10,000+ | 0.50% | 0.50% |
| Qualifications not met | 0.01% | 0.01% |
Qualifications
Enrollments must be in place and all of the following transactions and activities must post and settle to your Rewards Star account during each Monthly Qualification Cycle:
- At least 1 ACH credit or ACH payment transaction
- At least 12 debit card purchases
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.
Savings Account
| Minimum Balance to Open | Interest Rate | APY |
|---|---|---|
| $25.00 | 0.50% | 0.50% |