Non-profit organizations may be eligible for financing. At Mifflinburg Bank & Trust we offer short and long term loan products and services. After carefully listening and understanding the needs of your organization, a Relationship Manager will work with you and recommend solutions to your financial needs. Mifflinburg Bank & Trust is your bank for superior customer service.
- Business Line of Credit
- Single Payment Loan
- Business Installment Loan
- Business Mortgage - Fixed Rate
- Adjustable Rate Mortgage (ARM)
For complete details Contact Us Now, call a Loan Officer at any of our office locations, or call toll free 1-800-888-MBTC (6282).
Business Line of Credit - Our MBTC Business Line of Credit is an open-ended loan used to meet short-term requirements of non-profit organizations.
- Interest only payments
- Monthly or quarterly billing of interest
- Overdraft Protection for a deposit account is available at your request
- Up to 5 year term
- Can be secured or unsecured
Single Payment Business Loan - Our MBTC single payment business loans are interest only loans with principal due on or before maturity.
- Interest payments monthly or quarterly
- Single principal payment on or before maturity
- Direct charge of interest payments monthly or quarterly
- Unsecured
Business Installment Loan- Our MBTC installment loans are shorter-term loans for purchasing office equipment, a bridge loan for secured government funding or many other reasons funds may be needed quickly for a brief time.
- Interest rate fixed for full term of loan
- Payment tailored to your cash flow
- Direct charge of payment available
- Secured or unsecured loan available
Business Mortgage - Fixed Rate - Our MBTC fixed rate business mortgages are long term financing for major capital purchases, refinancing or expanding your facility. Loans are secured by business real estate and the interest rate is fixed for life of loan.
- Interest rate fixed for full term of loan
- Interest rate is protected from application to closing
- Loan terms up to 5 years
- One application fee
- Lends up to 80% of the value of the business
- Payments tailored to your cash flow
- Payments that are automatically deducted from MBTC checking account receive .25% interest deduction
- Bi-weekly payments on fixed rate mortgages
- Loans available with or without points
Adjustable Rate Mortgage (ARM) - Our Mifflinburg Bank & Trust adjustable rate business mortgages are for 3, 5 and 10 year terms. Loan is secured by business real estate.
- Interest rate is protected from application to closing
- Loan terms to 25 years
- One application fee
- Lend up to 80% of the value of the business
- Payments tailored to your cash flow
- Payments that are automatically deducted from a MBTC checking account receive .25% interest deduction
- 3 year ARM - 3 year fixed rate with rate adjustment every 3 years thereafter
- 5 year ARM - 5 year fixed rate with rate adjustment every 5 years thereafter
- 10 year ARM - 10 year fixed rate with annual rate adjustment thereafter
For complete details Contact Us Now, call a Loan Officer at any of our office locations, or call toll free 1-800-888-MBTC (6282).
