Business Loans & Leasing

This type of loan provides a set amount of money to purchase assets or meet another specific financing need. Repayment is based on a predetermined schedule or by making monthly principal and interest payments. A term loan can be secured or unsecured, and the interest rate is generally fixed for the life of the loan.

• Loan proceeds can be used for fixed asset acquisition, permanent working capital, refinance existing debt or other business purposes.
• Loan terms generally range from 12 to 84 months.
• Fixed rate or variable rate loans.
• Collateral consists of assets being purchased or other assets owned by borrower/guarantor.
• Regular monthly payments of principal and interest.

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This type of loan is generally used for short-term working capital or bridge financing. The interest rate may be fixed or variable, with interest generally paid on a monthly basis.

• Loan proceeds are generally used for short-term working capital or bridge financing.
• Loan terms do not exceed 24 months.
• Fixed rate or variable rate loans.
• Loans are either secured or unsecured.
• Interest is generally payable on a monthly basis.
• The outstanding principal balance is payable at maturity.

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With a line of credit, you can easily tap pre-approved funds when you need them without having to wait for bank approval. These funds can be used for a variety of business purposes, from meeting short-term working capital needs to purchasing inventory.

• Revolving, short-term working capital financing.
• Either secured or unsecured.
• Periodic renewal.
• Interest only payments due monthly.
• Periodic principal repayment.

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With a commercial mortgage, you can purchase, expand, improve or refinance owner-occupied commercial property.

• Loan proceeds are used for the acquisition or improvement of commercial real estate, or to refinance existing debt.
• Loan terms are available up to 20 years.
• Fixed rate or variable rate loans.
• Loans are secured by commercial real estate.
• Regular monthly payments of principal and interest.

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These loans can help finance the construction of new buildings, improvements to existing buildings, and land acquisition.

• Construction only, mini-permanent or permanent construction financing available.
• Loan proceeds can be used for the acquisition of land and the construction of a new structure or significant improvements to an existing structure.
• Loan term for construction only generally does not exceed 12 months.
• Permanent financing is available for terms up to 20 years.
• Fixed rate or variable rate loans.
• Loans are secured by commercial real estate.
• Interest only payments during the construction period, followed by regular monthly payments of principal and interest thereafter.

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FNCB is a full participant with the U.S. Small Business Administration to provide access to capital for borrowers seeking to achieve funding for any nearly any business purpose. Our experienced staff can assist navigate the process and craft a solution that works best for your business.

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A letter of credit is an assurance that your company has the financial resources to perform as agreed under contract.

• Stand-by letter of credit used to assure payment to a beneficiary in the event the borrower fails to pay or perform.
• Secured or unsecured
• Specific maturity, generally one year.
• Interest payments monthly if drawn upon; principal will be payable on demand.

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Public entities, municipalities and school districts often need financing for a wide range of different purposes.

• Financing is available for various purposes including real estate acquisition, equipment purchases and improvement, tax anticipation financing and other general purposes.
• Terms vary based on purpose.
• Generally secured by the full faith, credit and taxing authority of the public entity.
• Fixed rate and variable rate loans.
• Fixed rate lease for equipment purchase.

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