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First National Bank of Cokato

First National Bank of Cokato

Commercial

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FNB Business Loan Offerings:

 
We offer a variety of business loans* to meet your cash flow needs. Whether you are looking for an operating line of credit, a term loan, or commercial mortgage we are here to help. At the First National Bank of Cokato we offer the following commercial loan programs:
 

Lines of Credit

  • Designed for borrowing needs of less than 1-year
  • Finance seasonal cash flow needs or working capital for receivable collection
  • Flexible arrangements for short-term needs
  • Gap financing while arranging a different loan
  • Pre-determined maximum amount which allows you to borrow as needed
  • Pay interest only on the amount you have outstanding
  • Easy access to funds - you can make advances in person, by phone, or in writing
  • Reserve Checking - a simpler line of credit linked to your business checking account
  

Term Loans

  • Designed for intermediate term borrowing needs of 1-10 years
  • Repayment based on your company's cash flow - payments can be set for monthly, quarterly, or annually
  • Used to finance permanent assets such as equipment, machinery, and furniture and fixtures
  

Commercial Mortgages

  • Expand or remodel existing facilities
  • Purchase of new property or business
  • Investment Property
  • Construction financing - short-term financing to complete a project and you pay only interest during the construction phase
  
Applying for a loan is fast and easy.
Call or stop by during normal business hours.
 
If you have any questions:
or call us at 320-286-2191
 
As always, we'd be glad to do business with you!
 

* Other terms and conditions apply. All accounts require approved credit. Contact us for further details.