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Our goal is to help your business or farm be successful. The business environment of today demands wise decisions, insightful action, and a plan to take advantage of opportunities. Successfully managing sales, staff, production, delivery, marketing and service issues are critical to profits and the everyday operation of your company.
Maximizing the growth of your business requires short-term money, long-term money, money for equipment, working capital, and funds for the purchase of property and acquisitions. Northumberland National Bank would like to help. Our commercial account officers are focused on one main thing—giving you the guidance your business needs to thrive.
First, we listen. We learn about your needs, requirements, and your long-term goals. We will structure a package of services that meets all your needs in the most economical way.
Then, we move quickly. In business, time is money. When you decide you need capital equipment, to make acquisitions, or to set up a Credit Card Merchant Account, we respond quickly.
Our commitment to being Central Pennsylvania’s best community bank can be seen in everything we do. That’s why we’ve structured a wide range of business banking services; services we know most companies want and need.
Commercial Mortgages are secured by real estate. These long-term loans are based on the property’s current market value.
We finance farms including poultry, layer, and hog operations. We also finance equipment and seasonal needs for agricultural customers.
Short-Term Loans are usually less than one year in length. They can be used to support an increase in a company’s current assets caused by specific circumstances, including purchases of additional inventory or the need to finance an unusually high volume of accounts receivable.
Term Loans are used to finance the purchase of fixed assets other than real estate.
Permanent Working Capital Loans
Permanent Working Capital Loans are used when a company’s cash disbursements exceed its ability to generate cash internally. It is usually repaid from cash flow and structured with a one- to five-year maturity.
Residential Investment Loans
An in-house 5/1 Adjustable Rate Mortgage is used to finance rental properties. The initial rate is fixed for the first five years and may adjust annually thereafter. This loan program can be amortized for up to 20 years. Biweekly automatic payments are available from a NNB checking or savings account.
Seasonal Lines of Credit
Seasonal Lines of Credit are used to finance an increase in a business’s current assets due to seasonal increases in sales volume.
Letters of Credit
Letters of Credit are extended as stand-by financing for purposes generally related to bonding for contract completion or inventory purchase.
Government Lending Programs
We will work with Economic Development Agencies like SEDA COG to tailor a mix of government loan programs and conventional bank financing to meet the needs of your business.