Term Loan
A loan made to a business to: purchase inventory, equipment, improve or expand facilities, make acquisitions or obtain working capital. Interest may be fixed or variable, at terms up to 60 months. Loans will have a definite maturity with self-amortizing monthly or quarterly payments.

Features:
Term loans are for business use, other than the purchase of property. Business loans are intended for businesses that currently bank, or will begin banking at NVE. Loan term is set at time of approval and self-amortizing payments may be monthly or quarterly. Interest may be fixed or variable rate. Loan may be secured or unsecured. Personal guarantees of borrower or company principals are required.

Rates:
Rates and fees are negotiable, call extensions 2832 or 249 for further information. Borrowers are responsible for appraisal costs, collateral appraisal and closing attorney review fees.