Line of Credit
A Line of Credit is a revolving flexible credit facility used to meet short term borrowing needs. With a line of credit, you determine when and how much money is borrowed at any time. Principal outstanding under a line of credit is repaid periodically at your discretion, while interest on the principal is billed monthly. A line of credit is best suited for repeated and continuous borrowing, and is usually used to provide working capital for your business. Utilizing a line of credit can often afford you the opportunity to take advantage of supplier discounts and specials or support receivables or expanding inventories during a period of business growth.
Commercial Time and Term Loans
For as little as thirty days or up to five years, Commercial Time and Term Loans can finance a variety of business needs. These loans can be used to purchase fixed assets, provide working capital or fund business expansion. We will customize your business loan to coincide with the purpose for which you require the financing.
Commercial Real Estate Mortgage
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Purchasing, building, remodeling, or expanding your property? Mars National Bank can provide the right Commercial Real Estate Mortgage for you. Whether you occupy the property or rent it to others, a loan can be tailored to match your financing needs.
Government Sponsored and Guaranteed Loans
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Numerous government programs exist to assist entrepreneurs and established business owners in starting new businesses or expanding existing ones. Mars National Bank participates directly with government agencies or indirectly with local economic development enterprises to make such financing available to the business owner.
Letter of Credit
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A Letter of Credit is a guarantee of payment on behalf of a customer to another party where a commercial bank substitutes its creditworthiness for that of it's customer. Letters of Credit are often utilized to facilitate trade or support performance required under certain types of contracts.