June 19, 2013
We take great pride in the high level of communication and ongoing involvement we enjoy with our commercial customers. Northeast Bank’s Business Bankers are highly skilled in creating solutions for your business credit needs. At Northeast Bank, you always work with an experienced decision maker who will get to know you and your business. We make loan decisions quickly and efficiently. Northeast Bank offers a variety of flexible loan products at competitive interest rates.
Commercial term loans enable our customers to expand their businesses, implement needed capital improvement plans, and purchase equipment or other fixed assets. We offer flexible rates and terms, which allow us to structure your loan to meet your needs.
Revolving Credit Line
Northeast Bank offers commercial lines of credit to businesses to meet short-term cash needs. This competitively priced line is available to commercial customers who meet our current credit requirements.
Real Estate Loans
Northeast Bank offers a variety of commercial real estate loans. These include loans for the purchase or improvement of buildings. In most cases, these must be owner-occupied.
Small Business Association (SBA) and Minneapolis Community Planning and Economic Development Agency (CPED) Loans
Northeast Bank enjoys a close working relationship with the SBA, CPED, and other community development groups. Your Business Banker will help you to determine if your business would benefit by using any of these programs and will also work with you to apply for loans through these agencies.
Northeast Bank offers equipment leasing that will allow you to get the equipment you need now, without tying up valuable credit lines. You may also be able to finance existing equipment to ease cash flow.