Business and Commercial Lending

Northern Hancock Bank & Trust provides commercial loans to meet the growth needs of your business. Our experienced lending department will provide you with courteous and knowledgeable service to help achieve your goals.

Operating Lines of Credit

Business opportunities arise in any economic environment. That’s why it is important for business owners to have flexible, convenient access to cash for business needs. Whether you want to purchase inventory, manage temporary cash-flow needs or take advantage of other options that come your way, a revolving line of credit lets your company borrow, repay the debt, and borrow funds again as needed throughout the term of the loan. A revolving line of credit often is part of a larger financial strategy that our bankers can help you create.

A commercial operating line of credit is considered revolving short-term debt. A line is generally approved for a specific dollar limit and a one-year maturity. You may pay interest only on the funds advanced on the line of credit, with principal repaid from conversion of assets dictated by your company’s operating cycle.

Commercial Real Estate Lending

Often businesses need financing to acquire capital improvements or facilities to support their business activities. Commercial real estate loans are often the best vehicle to support these needs. Our lenders are very experienced in evaluating and designing commercial real estate loans that help manage business cash flow while ensuring the most economical repayment terms.

A commercial real estate loan is generally considered a long-term note with a maturity of one year or longer. The loan is amortized with periodic, generally monthly, payments of principal and interest with a variable or fixed rate of interest. If applicable, term loans are generally written with a maturity that coincides with the depreciable life of the asset being purchased. However, the structure of the loan is always dictated by the borrowing purpose with repayments based on the company’s individual operating cycle.

Business Term Loan

Building your business often requires a steady stream of working capital. A term loan from Northern Hancock Bank & Trust can give you the resources you need to finance expansion, add inventory, invest in new equipment or otherwise help your company grow. Our team can help you structure a loan with competitive rates and appropriate maturity.

A business term loan is generally considered a long-term note with a maturity of one year or longer. The loan is amortized with periodic, generally monthly, payments of principal and interest with a variable or fixed rate of interest. If applicable, term loans are generally written with a maturity that coincides with the depreciable life of the asset being purchased. However, the structure of the loan is always dictated by the borrowing purpose with repayments based on the company’s individual operating cycle.

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