For many companies, commercial business loans are a key to growth. They provide an immediate infusion of funds that can be used for a wide variety of purposes: one-time expenditures (like fixed-asset purchases), permanent working capital, expansion or acquisition, or taking advantage of growth opportunities. FNCB offers a wide range of flexible and customized business financing options � click the links below to learn more.
Click here to see a comparison chart of the Business Loans that we offer.
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.
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.