Whether you’re constructing a new building or looking for a revolving line of credit, Lake National Bank’s loan options are focused on helping you grow your business.
|Construction||Interim financing during the construction of a building or home. Typically, interest-only payments are due during the construction phase, and then the loan converts to a traditional principal and interest payment upon completion if it is not financed elsewhere.|
|Line of Credit||Draw funds from a line of credit for short-term working capital, to make payroll or pay vendors before receivables are collected. The line revolves and is required to be paid to $0 during the year.|
|Real Estate||Permanent financing for commercial real estate. Typically fixed rate financing with 20‑year amortization.|
|Fixed Assets||Permanent financing for equipment, machinery or vehicles. Typically fixed rate financing with a maximum eight-year amortization.|
|Small Business Administration (SBA)||Lake National Bank participates in many of the programs provided by the U.S. Small Business Administration. Please contact us and we can help you determine what program is best for you.|
|Credit Cards||Revolving lines of credit are available.|