Small Business

Credit Solutions

Relax. You'll Get There.

At FNBL, we're committed to helping establish or grow small businesses in the region. So we look at business credit services from a different perspective than the larger banks do - your perspective.

We're willing to work closer with you and your existing financial and legal advisors so your team of professionals understands your needs and can customize programs to achieve your goals more effectively.

• Serving credit needs of $150,000 or less
• Local decision-making
• Streamlined process for quicker applications and approvals
• Ability to monitor and transfer funds by connecting your loan or line to your online banking account

Term Loans

• Ideal for financing expansion, business acquisition, permanent working capital, equipment purchases, facility renovation
• Typical term from 1 to 7 years
• Variable or fixed interest rate
• Secured by business assets
• Personal guarantees

Lines of Credit

A line of credit provides easy access to funds whenever you need them, and by using only what you need, you'll save money.

• Ideal for financing working capital, inventory and receivable needs, capital equipment needs
• Revolving or non-revolving
• Secured by business assets or unsecured
• Personal guarantees

Transaction Line of Credit (TLOC)

Manage your cash flow and avoid the expense of returned checks with an innovative TLOC from The First National Bank of Litchfield.

• Tied to your checking account and transaction-activated
• When funds are needed, all you need to do is write a check and payment advances
• TLOC sweeps available funds daily from your checking account to pay down your line of credit, saving you interest and paying it down faster
• Provides security/peace of mind
• Secured - for businesses that have vehicles, equipment, CDs, personal residence or commercial property to collateralize
• Unsecured - lines available for business owners with a strong, established credit history; no collateral needed
• Personal guarantees

Business Protection Line

Avoid the cost and inconvenience of over extending your checking account by linking it to a line of credit.

• Line of up to $5000 with no annual fee
• Exact amount of overdraft is transferred from your line of credit to your checking account
• Saves you money by helping you avoid insufficient funds fees
• For added ease and convenience, ability to monitor and make transfers online
• Personal guarantees

For more information, contact your local branch or :

David Oliver
VP, Commercial Lending & Small Business Services
doliver@fnbl.com
860-626-7708

Gina Scherbner
VP, Small Business Development Officer
gscherbner@fnbl.com
860-626-7717