New Tripoli Bank offers a wide variety of business loans, to meet all of your business financing needs. No matter what your business size, our Loan Officers have the expertise to discuss how our various credit products can help you attain your goals. Together we can make our community grow. Remember, all of our loan decisions are made locally by people who live and work in your community.
Our business loans offer competitive rates and flexible repayment options. The interest rate is based on many factors. Rates are commensurate with the level of risk involved in each individual credit.
To apply for a business loan, please complete our Business Loan Application and a Personal Financial Statement Page 1 ( Page 2). You can bring your application and additional documents to one of our offices, or mail or fax your application to us. Our loan contact us webpage provides all of our contact information. We have also provided a Business Loan Checklist which details the additional information and documentation you will need to complete your application.
Commercial Real Estate
Our Commercial Real Estate loans include long term financing for the acquisition or construction of commercial real estate, investment properties, or industrial/manufacturing facilities. We provide both fixed and variable rate financing with terms of 10 years and amortization periods between 15 and 20 years. The maximum loan-to-value is 80% of the cost or appraised value of the property.
Term Loans
New Tripoli Bank can meet your borrowing needs for purchases of vehicles, equipment, leasehold improvements, or fixed assets through our term loans. A term loan is a loan for a stated period of time - generally from 3 to 10 years, depending on the purpose of the loan and the useful life of the asset being purchased.
Interest Only - Demand Loans
Partner with New Tripoli Bank for your temporary financing needs. With an interest only - demand loan, financing is provided up to one year to satisfy a specific borrowing need. Interest only payments are generally paid monthly and the balance is due in full at maturity.
Commercial Lines of Credit
Our Commercial Lines of Credit can be a secured or unsecured revolving line of credit that allows an established business to borrow, repay, and borrow again for a variety of short term financial needs. You can easily access funds and the line can be used for your business's short-term working capital needs. A pre-approved amount is made available for up to one year. The line will be reviewed for renewal on an annual basis. Interest is paid monthly and the interest rate is adjusted daily based on changes to the Wall Street Journal Prime Rate plus a spread determined at approval. Additional principal payments can be made at any time, without penalty.
Our business loans offer competitive rates and flexible repayment options. The interest rate is based on many factors. Rates are commensurate with the level of risk involved in each individual credit.
To apply for a business loan, please complete our Business Loan Application and a Personal Financial Statement Page 1 ( Page 2). You can bring your application and additional documents to one of our offices, or mail or fax your application to us. Our loan contact us webpage provides all of our contact information. We have also provided a Business Loan Checklist which details the additional information and documentation you will need to complete your application.
Commercial Real Estate
Our Commercial Real Estate loans include long term financing for the acquisition or construction of commercial real estate, investment properties, or industrial/manufacturing facilities. We provide both fixed and variable rate financing with terms of 10 years and amortization periods between 15 and 20 years. The maximum loan-to-value is 80% of the cost or appraised value of the property.
Term Loans
New Tripoli Bank can meet your borrowing needs for purchases of vehicles, equipment, leasehold improvements, or fixed assets through our term loans. A term loan is a loan for a stated period of time - generally from 3 to 10 years, depending on the purpose of the loan and the useful life of the asset being purchased.
Interest Only - Demand Loans
Partner with New Tripoli Bank for your temporary financing needs. With an interest only - demand loan, financing is provided up to one year to satisfy a specific borrowing need. Interest only payments are generally paid monthly and the balance is due in full at maturity.
Commercial Lines of Credit
Our Commercial Lines of Credit can be a secured or unsecured revolving line of credit that allows an established business to borrow, repay, and borrow again for a variety of short term financial needs. You can easily access funds and the line can be used for your business's short-term working capital needs. A pre-approved amount is made available for up to one year. The line will be reviewed for renewal on an annual basis. Interest is paid monthly and the interest rate is adjusted daily based on changes to the Wall Street Journal Prime Rate plus a spread determined at approval. Additional principal payments can be made at any time, without penalty.
