We offer a variety of business loans to meet your cash flow needs. Whether you are looking for an operating line of credit, a term loan, or commercial mortgage we are here to help. At the First National Bank of Cokato we offer the following commercial loan programs:

Lines of Credit (*)

  • Designed for borrowing needs of less than 1-year
  • Finance seasonal cash flow needs or working capital for receivable collection
  • Flexible arrangements for short-term needs
  • Gap financing while arranging a different loan
  • Pre-determined maximum amount which allows you to borrow as needed
  • Pay interest only on the amount of credit you have outstanding
  • Easy access to funds - you can make advances in person, by phone, or in writing
  • Reserve Checking - a simpler line of credit linked to your business checking account

Term Loans (*)

  • Designed for intermediate term borrowing needs of 1-10 years
  • Repayment based on your company's cash flow - payments can be set for monthly, quarterly, or annually
  • Used to finance permanent assets such as equipment, machinery, and furniture and fixtures

Commercial Mortgages (*)

  • Expand or remodel existing facilities
  • Purchase of new property or business
  • Investment Property
  • Construction financing - short-term financing to complete a project and you pay only interest during the construction phase

Applying for a loan is fast and easy. You can either:
  • Apply now by completing the online application
  • Stop by during normal business hours

If you have any questions you can contact us via email at staff@fnbcokato.com or call us at (320) 286-2191. As always, we'd be glad to do business with you.

(*) Other terms and conditions apply. All accounts require approved credit. Contact us for further details.

 

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