Business Details
Your Trusted Partner for Commercial Banking Solutions
PenAir Credit Union has been dedicated to empowering businesses and individuals across Northwest Florida and South Alabama since our founding. Our commercial banking division specializes in tailored financial solutions, including commercial real estate loans up to $50 million, working capital lines, and treasury management services designed to enhance cash flow and reduce risk. With a team boasting decades of combined experience in banking and credit union operations, we prioritize personalized service, innovative financing, and proactive support to help businesses navigate challenges and achieve long-term growth. Our commitment to community development is exemplified by success stories like Culver's restaurant and Innisfree Hotels, where customized lending and expert guidance transformed entrepreneurial visions into thriving enterprises.We operate with transparency and accessibility, offering 24/7 digital banking while maintaining a human-centric approach through in-person and virtual appointments. Recognized for our flexibility during economic uncertainties, including government shutdown support programs, we remain steadfast in our mission to build enduring relationships through financial expertise and unwavering dedication to member success.
Services
Business Checking Account
Business Savings Account
Commercial Real Estate Loans
Business Loans
Treasury Management
Highlights and features
- We provide tailored financing solutions for commercial real estate and business expansion
- Our team offers expert guidance through complex financial processes
- We deliver flexible loan options with competitive rates and repayment terms
- We combine local market knowledge with innovative banking technology
- We maintain a proven track record of supporting businesses during economic challenges
What people say
Personalized service
Tailored financing
Expert guidance
Flexible loan options
Community commitment
Services
Commercial Real Estate Loans
PenAir offers commercial real estate loans up to $50 million for property purchases, refinancing, or construction projects. These loans help businesses secure facilities while preserving working capital. Our flexible terms and competitive rates support long-term investment in commercial properties across multiple industries.
Business Loans
We provide various business loan options including term loans, lines of credit, and equipment financing. These solutions help companies manage cash flow, acquire assets, and fund expansion initiatives. Our lending team works closely with clients to create customized repayment structures that align with business cycles.
Treasury Management
Our treasury management services optimize cash flow through ACH origination, remote deposit capture, and fraud prevention tools. Businesses gain better liquidity control with features like Positive Pay and multi-layered security protocols to protect financial operations.
Business Checking Account
PenAir's Business Checking Account offers no monthly service fees with essential features for business operations. The account includes digital banking access, ACH capabilities, and remote deposit functionality to streamline financial management for growing companies.
Business Savings Account
Our tiered business savings accounts provide competitive dividends based on balance levels. These accounts help companies grow working capital while maintaining liquidity. The Money Market Account option offers higher yields with a $2,500 minimum balance requirement.
People
Dave Gooch
VP, Commercial Banking
With over 25 years in banking and credit unions, Dave specializes in understanding business needs to create customized financial solutions for Northwest Florida and Eastern Alabama communities.
Rebekah Vassar
Market Executive
Rebekah serves as Market Executive for Panama City and Bay County, Florida, leveraging local market expertise to support business growth through strategic financial partnerships.
Lindsay Marzan
Commercial Lending Portfolio Supervisor
With nearly 10 years at PenAir, Lindsay transitioned from retail operations to commercial banking in 2022, bringing practical insights into business financial needs and solutions.
Shannon Humphrey
Treasury Management Specialist
Shannon joined PenAir in 2024 to expand treasury management services, applying her sales and problem-solving expertise to enhance business clients' financial operations.
Melissa Senter
Commercial Lending Coordinator
As a member of the commercial team since 2017, Melissa combines industry knowledge with personalized support to help businesses access appropriate financial solutions.
Questions
What commercial loan options does PenAir offer?
We provide commercial real estate loans up to $50 million, equipment financing, working capital lines, and term loans with customizable repayment terms.
How can businesses access treasury management services?
Contact our commercial banking team to implement ACH origination, remote deposit capture, and fraud prevention tools tailored to your cash flow needs.
What business deposit accounts are available?
We offer no-fee business checking, tiered savings accounts, and money market accounts with competitive dividends for commercial clients.
How does PenAir support business expansion?
Our experienced team creates customized financing solutions and provides expert guidance through every stage of business growth and development.
What areas does PenAir Commercial Banking serve?
We primarily serve Northwest Florida and South Alabama with financial solutions for mid-sized companies and commercial enterprises.
