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National Bank of Middlebury is one of the leading business lenders in its market. Its lenders offer business loans to meet all of your borrowing needs from business start-ups to purchasing an existing company. The lenders are knowledgeable, courteous, and eager to customize a loan relationship that will help you succeed.
Following is a list of the various business lending products offered by National Bank of Middlebury:
Commercial Term Loan
A commercial term loan provides the financing for business expansion, equipment purchases, and business acquisitions.
Commercial Real Estate Mortgage
This commercial real estate mortgage loan is for the purchase or refinance of business real estate.
Commercial Revolving Line of Credit
This loan provides the business owner with ready borrowed cash to help with cash flow needs. National Bank of Middlebury commits a specific amount that the borrower can draw upon and repay as necessary.
Commercial Real Estate Construction Mortgage
This commercial loan is designed for renovations or construction of buildings.
Commercial Land Loan
This is a commercial loan that will provide funds to purchase raw land for future business purposes.
Commercial Checking Overdraft Line of Credit
This loan will automatically pay overdrafts in a business customer’s checking account.
Commercial Letter of Credit
This is a credit instrument issued by National Bank of Middlebury guaranteeing payments on behalf of the customer to a third party. It can provide the borrower with the power of a bond, only using the bank as the underwriter.
Lending Partnerships for Commercial Borrowers
National Bank of Middlebury works in association with various local, state, and federal agencies to provide added enhancements to loan relationships. These agencies include the following:
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