Commercial Loans

Lynnville Bank Commercial LoansThe success of your business is important to us!

The success of your business is our business. LNB Community 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. LNB Community 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. LNB Community Bank’sCommercial 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, LNB Community Bank can help make it happen.

Land Acquisition and Development Loans

LNB Community 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. LNB Community 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

LNB Community 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 LNB Community 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;

*Please note that additional information may be required to process your commercial loan request depending on your specific situation.

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 LNB Community 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.

Lending programs, including rates and terms, are subject to change without notice.
LNB Community Bank makes loans without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract).