The success of your business is our business. Lynnville National Bank takes the time to understand your business goals because we know that not every company needs the same loan. Our experienced Loan Officers have worked with many companies like yours. That’s why we offer a wide array of flexible lending services just right for you. We believe in working with you personally to find a loan package that meets your needs and our decision is delivered to you quickly and efficiently.
Term Loans
Term loans, usually three to seven years, are available for
several purposes, including the purchase of equipment, machinery, computers,
transportation
or when you need to improve your business facility to maintain your competitive
edge. Your Commercial Lender can help you choose the rates, terms, and
payment schedule that will allow you to keep your business up to speed
or to expand on your existing business.
Working Capital Lines of Credit
A line of credit can help your business
handle temporary cash flow needs to allow you the flexibility to grow and
prosper. When you need additional
cash to buy inventory, take advantage of trade discounts and seasonal
opportunities, or to meet increased operating costs, we can help. Such
credit is generally based on a company’s primary liquid assets such
as inventory or accounts receivable, are for a one year period, and require
updated financial statements annually. A working capital line of credit
is an easy and uncomplicated way to get the cash you need, when you need
it.
Commercial Real Estate Loans
Why lease when you can own? With a full term
commercial mortgage, you don’t have to worry about those balloon
payments. We can extend your financing for up to 20 years. We also offer
mortgages with a balloon
loan if you prefer the flexibility. Lynnville National
Bank offers fixed
or variable interest rates that can provide real financial advantages
to your business. Our refinancing program can help you lower your operating
costs.
We can help your business to expand into better facilities to accommodate your growth. Or, access the valuable equity you have built up in your present facility to fund improved operating conditions. The loan can be used to buy or refinance owner-occupied commercial property. Lynnville National Bank’s Commercial Construction loans can provide permanent financing while the property is being built. And once completed, you can begin making payments without going to another loan closing.
So whether you're interested in purchasing a building, refinancing your current property, or building new, Lynnville National Bank can help make it happen.
Land Acquisition and Development Loans
Lynnville National Bank provides
financing for the acquisition and site improvements of land for commercial
development. At LNB we offer:
- Project financing for income property developers and investors
- Lot development and unit construction loans for residential developers
Throughout Warrick County and the surrounding counties, we offer acquisition, construction, and bridge loans for construction projects. Lynnville National Bank is relationship-driven and our employees are committed to customer service. Our reputation is built on responsiveness, innovation, market knowledge, and on the strength of our client relationships.
Letters
of Credit
Lynnville National Bank can provide you with Standby Letters
of Credit to meet your company's needs. Your Commercial Lender will be
pleased to
discuss this product with you.
Hazard Insurance:
If your application is approved, you will need to provide Lynnville
National Bank with proof of hazard insurance. The amount of insurance
required
is determined by adding your current mortgage balance to the amount
of home equity financing for which you have been approved.
Flood Insurance:
If it is determined that your property is in a flood zone, you will be
required to carry flood insurance in an amount determined by federal
regulation.
To process your commercial loan request, we will need the following items:
- Previous three years’ tax returns for the Business;
- Corporate papers for the business, if applicable;
- Previous three years’ tax returns for the guarantors;
- Personal Financial Statements of guarantors;
.
Click here for a printable Financial Statement.
The
Financial Statement is
in Adobe Acrobat® (PDF) format
and requires Acrobat
Reader. If you do not have Acrobat Reader installed on your computer,
click on this icon for a free download.
If you have any questions about how a loan program at Lynnville National Bank can take you to the next level, please call (812) 922-3231 for our Lynnville Office or (812) 925-3326 for our Chandler Office.
