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Business Loans Comparison Chart
Use the chart below to compare the different business loans offered by FNCB side by side. This will help you decide which one is the best fit for you:
| Type of Account | Purpose | Maturity | Collateral | Payment Terms |
|---|---|---|---|---|
| Term Loan | Various business purposes | 12 to 84 months | Secured | Principal and interest monthly |
| Time Loan | Working capital; bridge financing | Up to 24 months | Secured or unsecured | Interest monthly, principal at maturity |
| Line of Credit | Working capital | Revolving | Secured or unsecured | Interest monthly, principal on demand |
| Mortgage Loan | Commercial real estate acquisition/improvement; debt refinance | Up to 20 years | Commercial real estate | Principal and interest monthly |
| Construction Loan | Commercial real estate construction | Construction only; mini-permanent or permanent financing | Commercial real estate | Interest only monthly (during construction) / principal and interest monthly |
| Letter of Credit | Performance / payment assurance | Specific maturity | Secured or unsecured | Interest monthly, principal on demand (if drawn upon) |
| Letter of Credit | Inventory financing | Revolving | Secured | Interest monthly; principal repaid as vehicle is sold. |
| Municipal Financing | Real estate acquisition / improvement, tax anticipation financing, other general purposes | Varies based on type of financing | Generally secured by the full faith, credit and taxing authority of the public entity | Varies based on type of financing |
