FAQs
Our seasoned lenders take the time to get to know your business and its unique needs and goals. In doing so, our lenders can provide flexible, personalized loan terms to best fit your company’s structure and operations.
Specialty loans provide financing to businesses for a wide range of purposes when customization is required to best fit the organization's needs and goals. They are designed to be more flexible than traditional working capital lines of credit, term loans or loans backed by the SBA. These loans are a great fit for owner-managed family-held businesses, like the unique businesses that you will find in a typical historic downtown– think of these specialty loans as “main street” lending.
As an independent bank with big bank abilities, our local decision makers use specialty loans to meet the unique needs of your business. These loans work great for small to medium size businesses with a need in our communities such as manufacturers, wholesalers, distributors and service companies.
Each business loan is customized to the borrower so there are no cookie-cutter requirements. The most common items needs for a commercial real estate loan are a down payment, financial records, personal guaranty from the borrower, and any other items needed to complete the loan application process.
Each business loan is customized to the borrower so there are no cookie-cutter requirements. The most common items needs for a commercial equipment loan are a down payment, financial records, documentation of the equipment being purchased, and any other items needed to complete the loan application process.
The first steps to prepare your business loan application are to collect all of your financial records. This commonly includes tax returns for the last two years, a personal financial statement, and current business statements for existing businesses. It’s also helpful to prepare your business plan and/or a summary of how the loan funds will be used along with your availability to provide a down payment. Your lender at NEBAT will be able to provide you with a detailed list of all the documentation and information you’ll need to gather to get your business loan application started