Business Loans
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Northern National offers the full array of business loans to suit the needs
of a small business. Loan decisions are made promptly with our customer's
best interests in mind. At Northern National, we pride ourselves on our
business banking experience and knowledge.
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| Commercial Real Estate Loan | |
Whether you are purchasing a rental property, constructing a new business location or making improvements to your current location, Northern National can customize a commercial real estate loan for your particular situation. Our interest rates are competitive and our customer service is excellent.
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| Equipment and Small Business Loan | |
Our business lending staff can help you with any equipment purchases or refinances you wish to make. With appropriate loan terms and competitive rates, we can help you grow your business.
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| Lines of Credit | |
Northern National is experienced in offering revolving lines of credit to assist businesses with accounts receivable and inventory financing, as well as, seasonal cash flow. A line of credit can provide your business with the working capital it needs to keep your business running smoothly.
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| SBA and Community Development Loan | |
If you are starting a new business or expanding an existing one, our staff is knowledgeable about the many loan programs available to new or expanding businesses. Many loan programs have below market interest rates and favorable terms such as reduced down payments. Whatever your project, we can help you take advantage of loan programs such as SBA 7(a) Guaranty Loans, SBA 504 Program Loans, Community development Loans and low interest loans through the Minnesota Department of Tourism and Economic Development.
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