If you’re looking for a new opportunity to grow your business and reach your goals, we can help! Our loan decisions are made in-house for affordable rates and local one-on-one service.
As a local bank, we have you covered. We offer Business Loans with fixed rates up to 15 years and no prepayment penalties, giving you flexibility during the repayment process. Call today to inquire and one of our Business Loan Officers will help answer all your loan questions.
Commercial Real Estate
| Rate | |
|---|---|
| 20 year amortization with 5 year balloon payment** |
6.75% |
| Terms over 5 years up to 10 years full amortization |
7.00% |
| 15 year term fixed rate | 7.25% |
Agricultural and Commercial Loans (non-real estate)
| Rate | |
|---|---|
| With terms up to one year | 7.50% |
| Terms over one year up to 5 years full amortization |
7.50% |
**Balloon payment is a payment where the remaining balance of the loan falls due in full. The New Albin Savings Bank typically offers to extend this balloon payment at the time it falls due at the then going rate and terms. However, the New Albin Savings Bank is not obligated to extend any balloon payment and may not offer to do so.
All rates are subject to change without notice.
