Business Loans
Owning a business is complex. Our lenders will partner with you to figure out your goals and needs. We’ll be with you every step of the way, with competitive rates, flexible terms and personal service, even after your loan has closed.
Business Loans
Owning a business is complex. Our lenders will partner with you to figure out your goals and needs. We’ll be with you every step of the way, with competitive rates, flexible terms and personal service, even after your loan has closed.
Why Borrow from First National Bank?
Even in the same industry, different businesses aren’t the same, nor are their needs, and our lenders get that. We’ve got many loan options, a few are listed below. As a community bank, we don’t have a one-size-fits-all loan option. We get to know you and your business and tailor a loan to meet your needs.
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Why Borrow from First National Bank?
Even in the same industry, different businesses aren’t the same, nor are their needs, and our lenders get that. We’ve got many loan options, a few are listed below. As a community bank, we don’t have a one-size-fits-all loan option. We get to know you and your business and tailor a loan to meet your needs.
Business Lending Options
When your business borrows from First National Bank, options include (but aren’t limited to):
| Product | Term Business Loans | Equipment Loans | Real Estate Loans | Line of Credit |
|---|---|---|---|---|
| Loan Use | Purchase business, refinance debt, expansion, other | Purchase and/or refinance equipment | Purchase and/or refinance real estate; wide variety of options | Operating needs, cash flow timing |
| Term | Typically 2-5 years depending on collateral type | Typically up to 5 years | Typically up to 20 years | Typically 1 year with option to renew |
| Payment Type | Typically monthly principal and interest | Typically monthly principal and interest | Typically monthly principal and interest | Typically accrued interest due monthly with principal balance due at maturity |
| Collateral | Typically assets being purchased; other assets may be used | Equipment being purchased or refinanced; equipment already owned | Real estate being purchased; other real estate already owned | Varies; real estate or equipment are most common |
| Term Business Loans | Purchase business, refinance debt, expansion, other |
|---|---|
| Equipment Loans | Purchase and/or refinance equipment |
| Real Estate Loans | Purchase and/or refinance real estate; wide variety of options |
| Line of Credit | Operating needs, cash flow timing |
| Term Business Loans | Typically 2-5 years depending on collateral type |
|---|---|
| Equipment Loans | Typically up to 5 years |
| Real Estate Loans | Typically up to 20 years |
| Line of Credit | Typically 1 year with option to renew |
| Term Business Loans | Typically monthly principal and interest |
|---|---|
| Equipment Loans | Typically monthly principal and interest |
| Real Estate Loans | Typically monthly principal and interest |
| Line of Credit | Typically accrued interest due monthly with principal balance due at maturity |
| Term Business Loans | Typically assets being purchased; other assets may be used |
|---|---|
| Equipment Loans | Equipment being purchased or refinanced; equipment already owned |
| Real Estate Loans | Real estate being purchased; other real estate already owned |
| Line of Credit | Varies; real estate or equipment are most common |
Business Lending Options
When your business borrows from First National Bank, options include (but aren’t limited to):
| Loan Use | Term | Payment Type | Collateral | |
|---|---|---|---|---|
| Term Business Loans | Purchase business, refinance debt, expansion, other | Typically 2-5 years depending on collateral type | Typically monthly principal and interest | Typically assets being purchased; other assets may be used |
| Equipment Loans | Purchase and/or refinance equipment | Typically up to 5 years | Typically monthly principal and interest | Equipment being purchased or refinanced; equipment already owned |
| Real Estate Loans | Purchase and/or refinance real estate; wide variety of options | Typically up to 20 years | Typically monthly principal and interest | Real estate being purchased; other real estate already owned |
| Line of Credit | Operating needs, cash flow timing | Typically 1 year with option to renew | Typically accrued interest due monthly with principal balance due at maturity | Varies; real estate or equipment are most common |
| Loan Use | Purchase business, refinance debt, expansion, other |
|---|---|
| Term | Typically 2-5 years depending on collateral type |
| Payment Type | Typically monthly principal and interest |
| Collateral | Typically assets being purchased; other assets may be used |
| Loan Use | Purchase and/or refinance equipment |
|---|---|
| Term | Typically up to 5 years |
| Payment Type | Typically monthly principal and interest |
| Collateral | Equipment being purchased or refinanced; equipment already owned |
| Loan Use | Purchase and/or refinance real estate; wide variety of options |
|---|---|
| Term | Typically up to 20 years |
| Payment Type | Typically monthly principal and interest |
| Collateral | Real estate being purchased; other real estate already owned |
| Loan Use | Operating needs, cash flow timing |
|---|---|
| Term | Typically 1 year with option to renew |
| Payment Type | Typically accrued interest due monthly with principal balance due at maturity |
| Collateral | Varies; real estate or equipment are most common |
Ready to Get Started?
Our team of lending experts is here to help! Just fill out the online form to begin.
Your Business Lending Team
Trevor Kline
Associate Commercial Lender
NMLS #2693492
Bluffton and Lima Branches
Ben Moser
Senior Commercial Lender
NMLS #2054173
Bluffton, Ottawa and Pandora Branches
Joe Mayberry
Commercial Lender
NMLS #1955956
Findlay Branches
Brent Dawson
Commercial Lender
NMLS #629453
Lima Branches
Trevor Kline
Associate Commercial Lender
NMLS #2693492
Bluffton and Lima Branches
Ben Moser
Senior Commercial Lender
NMLS #2054173
Bluffton, Ottawa and Pandora Branches
Ben Moser
Senior Commercial Lender
NMLS #2054173
Bluffton, Ottawa and Pandora Branches
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