Term Loans: Provides financing for business expansion, equipment purchases, and business acquisitions with a specific repayment schedule at either a fixed or floating interest rate. Generally,
it is used to purchase fixed assets.
Lines of Credit:Provides a revolving credit facility to give your business the working capital it needs to smooth out your business’ cash-flow cycle.
Letter of Credit: Like a bond, this credit instrument is actually a guarantee issued by National Bank of Middlebury guaranteeing payments on your behalf to a third party.
Checking Overdraft Line of Credit:Looking for protection during times of uneven cash flow? This loan automatically pays for any overdrafts that may arise on a business checking account with insufficient funds to cover the transaction.