Business Construction Loans for the purpose of financing the
development of commercial real estate projects. Commercial construction
loans may be limited to those projects where Tri City National Bank is
providing the permanent mortgage or where take-out financing has been
Business Letters of Credit are used to guaranty payment to
municipalities for completion of real estate development loans as well as
to facilitate the shipment of goods, particularly in import and export
transactions. These letters of credit may be drawn against by the
beneficiary under predetermined circumstances and are issued for a
customer of good standing and secured by approved collateral.
Business Mortgage Loans may be considered for non-speculative
business purposes. Loans will be considered on both owner occupied and
investment/income producing properties, such as industrial and office
buildings and retail centers.
Lines of Credit and Short Term Loans normally finance seasonal
inventory and increases in accounts receivable, with repayment within your
business cycle up to a maximum of 12 months. An annual "at-rest" condition
is customary with lines of credit.
Secured Loans are granted when the bank takes collateral in the
form of equipment, real estate, marketable securities or Certificates of
Term Loans are typically written for 3 years to fully amortize
over the term of the loan. However, larger purchases can amortize over a
longer period, depending on the useful life of the fixed asset(s)
supporting the credit. Present and projected cash flow should support the
proposed and existing amortization requirements.