PenAir Commercial Banking Builds Momentum Across the Southeast in Q2
At PenAir Credit Union, we believe strong businesses help build stronger communities. That’s why our Commercial Banking team is proud to partner with business members across Florida, Alabama, and Virginia with financing solutions designed to support growth, expansion, and long-term success.
The second quarter brought meaningful momentum for PenAir Commercial Banking, including new member relationships, expanded market reach, and larger, more complex commercial transactions. Each project reflects our commitment to building lasting relationships and helping businesses move forward with confidence.
Financing That Helps Businesses Grow
- Birmingham, AL: $2.3 million commercial real estate term loan for a new member relationship
- Mobile, AL: $1.1 million commercial real estate term loan
- Pensacola, FL: $4.3 million term loan for a new member relationship
- South Florida: $7.8 million term loan for a new member relationship
- Self-storage development: $9.0 million construction loan supporting a new commercial development project
From commercial real estate and construction lending to SBA lending, business acquisition financing, equipment loans, lines of credit, and working capital solutions, PenAir is here to help businesses at every stage. Beyond these larger transactions, our team continues to support small business lending needs every day, helping local businesses purchase vehicles, invest in equipment, manage cash flow, and seize new opportunities.
Growing Our Team to Serve Growing Markets
As our commercial banking presence grows, so does our commitment to exceptional service. PenAir recently welcomed Todd Seagle, who brings more than 25 years of commercial banking experience to the team. Todd will focus on serving business members throughout Okaloosa, Walton, and Bay Counties, helping strengthen existing relationships while expanding PenAir’s reach in these growing communities.
Investing in Business Members and the Communities We Serve
This momentum supports PenAir’s continued growth across the Southeast while staying rooted in what matters most: service, respect, and Communerosity. By expanding into new markets, diversifying our commercial portfolio, and welcoming new business members, PenAir is helping fuel economic opportunity throughout the communities we call home.
We’re proud of the progress our team has made and excited for what’s ahead. Whether a business is preparing for its next expansion, purchasing property, investing in equipment, or planning for future growth, PenAir Commercial Banking is ready to help with personalized solutions and a team that works side by side with our members.