Business Loans
At Citizens National Bank, we know your time is valuable. You deserve a financial partner who can streamline the loan process for you, respond quickly to your requests, and tailor products and services to meet your specific needs. So, take a look at just a few of the options we can offer you.
Commercial Real Estate Loans
Whether you have an opportunity to acquire new commercial real estate or refinance property that you already own, Citizens National Bank is ready to help your business keep moving forward.
As a community bank, we want to do everything we can to help stimulate our local economies. We partner with local borrowers and developers on a wide variety of real estate development ventures, and we would love to hear about the next project on your horizon.
With a Commercial Real Estate Loan from Citizens National Bank, you can:
Acquire additional office space
Add a new retail location
Open a warehouse to store your inventory
Build a new facility
Develop a residential or commercial piece of property, and more.
You will also benefit from our:
Fixed or variable rates
Flexible terms
Quick approval process
Streamlined application process
At Citizens National, you will have one Relationship Banker who will serve as your central point of contact as your project progresses from start to finish and who is empowered to make decisions to help your business keep moving forward.
Contact the Relationship Banker nearest you to discuss how a Commercial Real Estate Loan can help take your business to a whole new level.
CARES Act - SBA Emergency Loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.
SBA Loans
With an SBA-approved loan, you can start or expand your business and take advantage of exceptional benefits such as lower rates and longer financing terms, as well as lower out-of-pocket expenses and lower closing costs.
At Citizens National Bank, we believe small-business owners are the backbone of our local communities. They provide jobs for the majority of our workforce and help stimulate our local, state, and national economy. That’s why we partner with the U.S. Small Business Administration to help small businesses get essential financing with affordable terms.
If you are interested in starting your own business, or expanding your current business, an SBA Loan may be a viable solution for you.
SBA Loans allow small businesses to:
Provide long-term working capital for operational expenses, accounts payable, and/or purchasing inventory
Provide short-term working capital for your business needs, including seasonal financing, contract performance, construction financing, and exporting
Obtain revolving funds based on the value of existing inventory and receivables, under special conditions
Purchase equipment, machinery, furniture, fixtures, supplies, or materials
Purchase real estate, including land and buildings
Construct a new building or renovate an existing building
Establish a new business or assist in the acquisition, operation, or expansion of an existing business
Refinance an existing business debt, under certain conditions
SBA Loans can often provide a means of achieving your business’s financial goals that might otherwise not be achievable through traditional bank financing.
Visit www.sba.gov to learn more about the SBA Loan program, or contact your nearest CNB Relationship Banker to see if an SBA loan would be a good fit for your business.
Operating Lines of Credit
A Line of Credit is an excellent tool for you to use in covering the short-term cash requirements in your business. You can draw funds only when you need them and pay interest only on the amount that you borrow.
Over the past 128 years, Citizens National Bank has helped sustain our local economies by helping business owners just like you to grow and prosper through lending money to fund their business needs. Many of our business customers have found that a CNB Line of Credit is a flexible and convenient way to meet their short-term funding needs.
With a CNB Line of Credit, you can:
Access your funds easily
Draw money only when you need it
Avoid getting credit approval each time you borrow
Pay interest only on what you borrow
Use your funds to:
Fund working-capital needs
Take advantage of trade discounts
Fund those seasonal inventory needs
And much more!
Our Relationship Bankers will be happy to provide you with a free review of your business’s financials. We specialize in helping businesses just like yours to operate more efficiently and become more profitable. That’s community banking at its best. That’s The Power of LocalSM
We invite you to contact your Relationship Banker to discuss how an Operating Line of Credit from Citizens National Bank can improve your cash flow and help steer your business in the right direction.
Term Loans
If you have big plans for your business, Citizens National Bank can customize a loan that’s right for you. We’ll help keep your business moving forward so your dreams for the future can become a reality.
When your business has opportunities on the horizon, you need a Relationship Banker who understands your business, and who can help you get the financing you need. Citizens National Bank has a variety of financing options to help you achieve your goals, and we are eager to help you find the solution that is best for you.
One way to finance the growth of your business is with a Term Loan, which is secured by the assets you are purchasing. This type of loan is also commonly referred to as an installment loan
With a Term Loan, you can:
Purchase new machinery, equipment, or vehicles
Refinance existing debt
Renovate your existing locations
Our Term Loans also feature a variety of options, including:
Fixed or variable rates
Flexible terms
Fixed monthly payments
Quick approval process
We will also be happy to provide you with a free review of your business’s financials. We specialize in helping businesses just like yours to operate more efficiently and become more profitable. That’s community banking at its best. That’s The Power of LocalSM .
Contact the Relationship Banker nearest you to discuss how a Term Loan from Citizens National Bank can help your business to keep moving forward.
