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Term Loans

Obtain term financing and expand your operation by acquiring new or used machinery, equipment and other assets. With Inter National Bank’s term financing you can enjoy a fixed rate for the term of the loan, and the collateral can consist of the same asset we help you purchase!

Terms & Requirements

Terms

Available for amounts $350,000 and up (Special program available for loans under $350,000 )

Financing up to 80% of the value of the equipment or up to 100% of the value of the deposit

Competitive variable and fixed rates

Amortization periods should not exceed the useful life of the financed asset or five years, whichever is less.

Fixed monthly payments

 

Typical Requirements

Satisfactory Credit History

Existing business with 2 full years of business history

Any principal owning 20% and over of the borrowing company should guarantee the credit.

3 most recent years of business and personal tax returns (Borrower and Guarantors)

3 most recent years of business financial statements and interim business financial statements

Current Personal Financial Statements (Download a personal financial statement template here).

Current debt summary schedule for business and guarantor

For development and construction loans, plans and construction budget are required

Ready to Refinance?

At Inter National Bank, we are dedicated to providing you with easy to use financial tools that will help you manage your finances. Compare your refinancing options here.

Frequently Asked Questions

If you have a question or need help with your account, we are a click or short phone call away. Find answers to our most common questions below, or if you would like, contact us and we will be more than happy to assist you.

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