Commercial Loans

Working Capital Line of Credit

A Working Capital Line of Credit is used to help businesses maintain cash flow. It allows businesses to carry their receivables and inventory or offset seasonal demand. It has a variable rate that is tied to prime.

Equipment Loan

Keep your business up to date with an equipment loan from North Side Bank. This is an amortizing term loan, 3 – 7 years in length. It has a variable rate tied to prime.

| back to top

Commercial Mortgage

A commercial mortgage is used 99% of the time for owner occupied businesses. It is a 3 year adjustable rate mortgage with a 15 year term. The rate is based on the 3 year treasury rate plus 3.25%. North Side Bank holds the 1st mortgage and we can loan 70 – 75% of cost or appraisal (whichever is lowest).

| back to top

Government Loans

Small Business Administration (SBA) Loans

• SBA 7A –This is an amortizing term loan usually for equipment. The SBA 
  guarantees 75 – 80% of the loan with a maximum guarantee of $750,000.00.
• SBA 504 – The buyer puts in 10%, North Side Bank puts in 50% and the SBA puts in 40%. North Side Bank holds the 1st mortgage.
• SBA LOW DOC – A simple business loan for up to $150,000.00.

Other Government Sponsored Programs

• State of Ohio Link Deposit
• Hamilton County 166

| back to top

Letters of Credit

This substitutes the good credit of North Side Bank for the credit of one of our  customers. We guarantee payment for our customer. This becomes a loan only if drawn upon. The fee is 1 – 2 % per annum on the amount of the letter of credit.

| back to top