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Business Loans

“CNB has been instrumental in helping us with SBA loans. SBA loans allowed us to get long-term commercial loans, which is hard to do otherwise. Our lender put the fiscal package together. He has always believed in what we do.” – Mark White, Vancrest Healthcare Centers

Loans that are tailored to your business and farm needs

Our loan officers specialize in commercial and agricultural lending. Let them help you with all of your financial needs! They will provide advice and guidance to help your business or farm become established and grow profitably.

Meet Our Commercial Lenders

Meet Our Ag Lenders

Commercial Real Estate
SBA Loans for Small Business
Lines of Credit
Leasing and Equipment Loans
Agricultural Loans

Commercial Real Estate


You may qualify for better rates through the Business Loan Programs by the United States Department of Agriculture Rural Development (USDA).

Business and Industry Guaranteed Loans

Qualifications

  • Bank loans between $500,000 and $10,000,000
  • Up to 80% of loan is guaranteed against loss
  • Projects create and/or retain jobs
  • Loans for either business expansions or start-ups, includes manufacturing, wholesale, retail or service
  • Loan purposes include real estate, machinery, and equipment or term working capital
  • Collateral must be sufficient to protect the interest of the lender and USDA
  • Business must be located in rural area or small towns under 50,000

LEARN MORE

Community Facility Loan Guarantees

Qualifications

  • To improve, develop and construct essential community facilities in rural areas including: hospitals, health clinics, nursing homes, fire and police departments, community centers, roads and streets, libraries, schools, criminal justice centers, recreational facilities, etc.
  • Applicants must be nonprofit corporations and public bodies such as municipalities, counties, special purpose districts, and authorities.
  • Maximum guarantee is 90% although normally the guarantee will not exceed 80%.

LEARN MORE

 

SBA Loans for Small Business


Not eligible for business loans through normal lending channels? You may qualify for a SBA loan program.

As an approved administrator of SBA loan programs, we offer a variety of options through SBA allowing opportunities for qualified small businesses to obtain financing. Learn more by visiting the SBA’s website.

SBA 7A Guaranteed Loans
  • Maximum loan amount of $5 million
  • Both fixed and variable interest rate structures are available
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000

Qualifications:

  • Loans to businesses, not individuals
  • May be used to establishing a new business or assist in the acquisition, operation or expansion of an existing business
  • Maximum loan maturities are 25 years for real estate, up to 10 years for equipment and up to 7 years for working capital

 

SBA 504 Loans
  • Maximum loan amount of $4 – $5.5 million depending upon how funds will be used and which goal they support: job creation, public policy or small manufacturing
  • Interest rates are pegged to an increment above the current market rate for 5-year and 10-year U.S. Treasury issues
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000

Qualifications:

  • Applicants must operate as a for-profit company and do business in the United States. Complete list of eligibility requirements.
  • Funds must be used for job creation, meeting public policy goals of energy reduction or alternative fuels or to aid small manufacturing in creating or retaining jobs or in order to improve the economy.
  • Maturity terms of 10 and 20 years are available.

Lines of Credit


A business line of credit can be a very valuable tool to a business owner.

Citizens National Bank lines of credit are designed to help businesses manage their cash flow and their short term borrowing needs. Our lines of credit can be used to purchase inventory or pay bills, including payroll, while you wait for receivables to be collected, or to cover seasonal operating needs and expenses.

A line of credit typically is set up for one year or for the normal operating cycle of your business. Interest only payments are due periodically until the maturity date of the line of credit.

Benefits

  • Access your funds quickly and easily through Online for Business or by phone.
  • Competitive interest rates.
  • Pay interest only on the portion of the line of credit in use.
  • With a revolving line of credit: when you make a payment, you replenish the credit available to your business.

To determine your potential payment on a line of credit, check out our loan payment calculator.

Leasing and Equipment Loans


Whether it’s new equipment to expand your business capabilities or replace old equipment, we have the loan solutions for you!

Leasing is Flexible, Practical, and Cost Effective

Flexible
A lease provides the use of equipment for a specific period of time at fixed rental payments. Leasing allows you to be more flexible in the management of your equipment.

Practical
By leasing, you transfer the uncertainties and risks of equipment township to the lessor, which allows you to concentrate on using that equipment as a productive part of your business.

Cost Effective
Equipment is costly and some of the costs are unexpected. When you lease, your risk of getting caught with obsolete equipment is lower because you can upgrade or add equipment to best meet your needs.

Benefits*

  • Leasing has tax advantages
  • Leasing helps conserve operating capital
  • Leasing keeps lines of credit open
  • Leasing helps avoid costly down payments
  • Leasing helps better manager your balance sheet

*Consult a tax advisor

Examples

  • Agriculture – grain bins, equipment, barns
  • Medical/Dental – technology, equipment
  • Municipal – vehicles, heavy equipment, fire engines, etc
  • Schools – computer labs, small buses, technology
Equipment Loans Available

A typical equipment loan has a maximum term of 5-7 years with a maximum loan to value (LTV) of 75% of the purchase price. It is possible to borrow the entire purchase price by pledging security interest in other assets, such as other equipment or real estate. We offer flexible term options. You may choose annual, bi-annual, quarterly or monthly payments. This example illustrates a possible monthly payment scenario.

Equipment purchase example*

Purchase price = $250,000

Loan amount based on LTV 75% = $187,500

Interest rate = 6.5% fixed 5 year term

Monthly payment = $3,668.65

*Based on a hypothetical transaction. Final rates and terms are determined after review of borrower’s credit and financial condition.

Agricultural Loans


Looking for a lender who really understands farming?

Look no further than CNB. Our roots run deep in ag lending and cash management for area farmers. We’re one of the largest ag lenders in the state of Ohio and many of our ag lenders are involved with farming themselves.

Check out the Ag Loans page to learn about these programs!

  • Ag Real Estate Loans
  • Ag Lines of Credit
  • Farm Service Agency (FSA) Loans
  • Equipment Loans and Leases

Wilker Farms ag loans


You may qualify for better rates through the Business Loan Programs by the United States Department of Agriculture Rural Development (USDA).

Business and Industry Guaranteed Loans

Qualifications

  • Bank loans between $500,000 and $10,000,000
  • Up to 80% of loan is guaranteed against loss
  • Projects create and/or retain jobs
  • Loans for either business expansions or start-ups, includes manufacturing, wholesale, retail or service
  • Loan purposes include real estate, machinery, and equipment or term working capital
  • Collateral must be sufficient to protect the interest of the lender and USDA
  • Business must be located in rural area or small towns under 50,000

LEARN MORE

Community Facility Loan Guarantees

Qualifications

  • To improve, develop and construct essential community facilities in rural areas including: hospitals, health clinics, nursing homes, fire and police departments, community centers, roads and streets, libraries, schools, criminal justice centers, recreational facilities, etc.
  • Applicants must be nonprofit corporations and public bodies such as municipalities, counties, special purpose districts, and authorities.
  • Maximum guarantee is 90% although normally the guarantee will not exceed 80%.

LEARN MORE

 


Not eligible for business loans through normal lending channels? You may qualify for a SBA loan program.

As an approved administrator of SBA loan programs, we offer a variety of options through SBA allowing opportunities for qualified small businesses to obtain financing. Learn more by visiting the SBA’s website.

SBA 7A Guaranteed Loans
  • Maximum loan amount of $5 million
  • Both fixed and variable interest rate structures are available
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000

Qualifications:

  • Loans to businesses, not individuals
  • May be used to establishing a new business or assist in the acquisition, operation or expansion of an existing business
  • Maximum loan maturities are 25 years for real estate, up to 10 years for equipment and up to 7 years for working capital

 

SBA 504 Loans
  • Maximum loan amount of $4 – $5.5 million depending upon how funds will be used and which goal they support: job creation, public policy or small manufacturing
  • Interest rates are pegged to an increment above the current market rate for 5-year and 10-year U.S. Treasury issues
  • SBA guarantee of up to 85% on loans up to $150,000 and 75% on loans of more than $150,000

Qualifications:

  • Applicants must operate as a for-profit company and do business in the United States. Complete list of eligibility requirements.
  • Funds must be used for job creation, meeting public policy goals of energy reduction or alternative fuels or to aid small manufacturing in creating or retaining jobs or in order to improve the economy.
  • Maturity terms of 10 and 20 years are available.

A business line of credit can be a very valuable tool to a business owner.

Citizens National Bank lines of credit are designed to help businesses manage their cash flow and their short term borrowing needs. Our lines of credit can be used to purchase inventory or pay bills, including payroll, while you wait for receivables to be collected, or to cover seasonal operating needs and expenses.

A line of credit typically is set up for one year or for the normal operating cycle of your business. Interest only payments are due periodically until the maturity date of the line of credit.

Benefits

  • Access your funds quickly and easily through Online for Business or by phone.
  • Competitive interest rates.
  • Pay interest only on the portion of the line of credit in use.
  • With a revolving line of credit: when you make a payment, you replenish the credit available to your business.

To determine your potential payment on a line of credit, check out our loan payment calculator.


Whether it’s new equipment to expand your business capabilities or replace old equipment, we have the loan solutions for you!

Leasing is Flexible, Practical, and Cost Effective

Flexible
A lease provides the use of equipment for a specific period of time at fixed rental payments. Leasing allows you to be more flexible in the management of your equipment.

Practical
By leasing, you transfer the uncertainties and risks of equipment township to the lessor, which allows you to concentrate on using that equipment as a productive part of your business.

Cost Effective
Equipment is costly and some of the costs are unexpected. When you lease, your risk of getting caught with obsolete equipment is lower because you can upgrade or add equipment to best meet your needs.

Benefits*

  • Leasing has tax advantages
  • Leasing helps conserve operating capital
  • Leasing keeps lines of credit open
  • Leasing helps avoid costly down payments
  • Leasing helps better manager your balance sheet

*Consult a tax advisor

Examples

  • Agriculture – grain bins, equipment, barns
  • Medical/Dental – technology, equipment
  • Municipal – vehicles, heavy equipment, fire engines, etc
  • Schools – computer labs, small buses, technology
Equipment Loans Available

A typical equipment loan has a maximum term of 5-7 years with a maximum loan to value (LTV) of 75% of the purchase price. It is possible to borrow the entire purchase price by pledging security interest in other assets, such as other equipment or real estate. We offer flexible term options. You may choose annual, bi-annual, quarterly or monthly payments. This example illustrates a possible monthly payment scenario.

Equipment purchase example*

Purchase price = $250,000

Loan amount based on LTV 75% = $187,500

Interest rate = 6.5% fixed 5 year term

Monthly payment = $3,668.65

*Based on a hypothetical transaction. Final rates and terms are determined after review of borrower’s credit and financial condition.


Looking for a lender who really understands farming?

Look no further than CNB. Our roots run deep in ag lending and cash management for area farmers. We’re one of the largest ag lenders in the state of Ohio and many of our ag lenders are involved with farming themselves.

Check out the Ag Loans page to learn about these programs!

  • Ag Real Estate Loans
  • Ag Lines of Credit
  • Farm Service Agency (FSA) Loans
  • Equipment Loans and Leases

Wilker Farms ag loans

We're helping build businesses one relationship at a time.

CNB Success Stories


Vancrest Healthcare Centers Continues to Grow

What began as a passion for serving the older population after WWII, has turned into the ability to care for hundreds of seniors throughout Ohio at Vancrest Health Care Centers. Mark White, owner, continues to grow the legacy his grandfather and father began through their work with geriatric patients in Van Wert, Ohio. Now with 11 locations and more than 1500 employees, White relies on Citizens National Bank to help him continue to grow and improve facilities, such as the one in Holgate, OH.

See More Success Stories

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