Small Business Loans

While many banks focus on large, established companies, Citizens National Bank is different. We have built a reputation of supporting small firms because we're dedicated to helping our customers establish and expand their businesses. We understand the issues and challenges faced by small businesses every day and we look forward to helping your small business.

Business Operating Line of Credit

Businesses with cyclical natures periodically require funds to finance business expenses such as accounts receivable or inventory. Through our knowledge of you and your industry, we can develop loans to meet your cash needs. You have the security of our committed line of credit to provide you the funds you need when you need them. A revolving line of credit allows the flexibility to borrow up to a ceiling amount and pay back and borrow part or all of the loan as many times as you need before the maturity date of the loan. Access to your line of credit is as easy and convenient as writing a check on your Business Checking Account. You don't have to come to the bank, or even call. By writing a check on your account for more than your deposit balance, you authorize the bank to automatically advance the amount necessary for the check from your line of credit. You only pay interest on the funds you actually borrow for the time period the funds are used. And, loan terms are flexible. You and your Business Banking Officer set the maturity date for your note based on the time of year your note will most likely be paid off, based on your cash flow. In fact, you and your Business Banking Officer tailor every loan feature - advance agreement, interest rate term, and repayment plan - to specifically meet your needs. To apply for a Business Operating Loan or request more information, contact your Business Banking Officer, or email us.

Business Term Loan

Because buying fixed assets or rapidly expanding your business can be critical decisions in the future of your business, we want to meet with you and help you plan carefully. Our in-depth knowledge of you, your business and your industry helps us deliver premier quality personal service at the time you need us most. Business Term Loans are planned keeping in mind the payment frequency that meets your needs, the useful life and anticipated cash flow of the equipment or other assets being acquired, and the business growth plans. You choose the interest rate re-pricing frequency based on your business' sensitivity to interest rate changes - ranging from the lower cost of a variable rate to the security of a fixed rate. Whatever the purchase, you know you'll have reasonable terms and a solid plan to help make your final decisions. To apply for a Business Term Loan or request more information, contact your Business Banking Officer, or email us.

Commercial Real Estate Loan

When it's time to grow, our commercial real estate loan is a flexible and affordable way to make it possible. No one loan plan works for every business, so we design the term, the repayment plan, and the interest rate structure to fit your company's specific situation. However, some elements of each loan are the same:

• You choose the re-pricing frequency which suits your purpose best, anything from the lower cost, short term adjustable to the security of a five year adjustment frequency,
• You have the security of knowing that your loan has no balloon or required refinancing interval - the payment plan on the original note will repay the entire note, and
• You will always receive a prompt professional response.

To apply for a Commercial Real Estate Loan or request more information, contact your Business Banking Officer, or email us.

Special Small Business Lending Programs

Special situations call for special assistance. Citizens National Bank has been able to harness the value of government programs to help our small business customers reach their goals. Government guarantee programs generally allow the lender to make loans to proven customers on interest rates, repayment terms, or in amounts that their specific situation may not otherwise justify. They also provide the bank with additional repayment assurances enabling the bank to approve some loans to new or unproven customers. To learn more about these programs and find out if your business will qualify, contact your Business Banking Officer, email us or visit the program web site yourself.

• United States Department of Agriculture, Rural Business and Cooperative Service, Business and Industry Guaranteed Loan Program (USDA B&I)
• The United States Small Business Administration Guaranteed Loan Programs (SBA Small/Rural Lender Program, SBA 7(a) Guarantee, and SBA 504 Loans)

See our Business Loan Application Checklist to learn what you will need to start processing your CNB loan application.