New Liberty Bank lenders have over 100 years of combined commercial and commercial real estate lending experience. These individuals will assist you in structuring a loan that best fits your needs. All lending decisions are made at our location, by our lenders so the decision and application process is completed quickly. New Liberty Bank’s team of experienced lenders allows them to service both small and large businesses.

Download our Commercial Loan Application here!

Download our Personal Financial Statement here!

Information Needed for Business Loans

Types of Loans

New Liberty Bank provides loans for all your financing needs, including equipment, real estate, inventory and receivable financing.

Commercial Lines of Credit
A line of credit is typically used to finance accounts receivable or inventory, working capital and seasonal operating expenses. A line of credit is on an interest-only repayment, with principal repaid as cash flow allows.

Single Paynote
A single paynote is used to finance a specific asset or project, such as land, which will later be developed. These loans are typically short term in nature, (one year or less) and are on an interest only repayment. The loan is typically repaid when a project is complete, cash flow allows, or the project develops and is repaid through loan proceeds of a commercial real estate mortgage.

Term Loan
Term loans are used to finance fixed assets, such as equipment, vehicle loans and permanent working capital. These loans are always for a specific time period, with principal and interest payments. Fixed or variable rates are available, and repayment terms can be structured to meet your cash flow needs.

Term Loan Authorization
A term loan authorization is a preapproved term loan, which allows a business to finance fixed assets, such as vehicles, for a fixed period of time such as five years, without going through the approval process each time. Fixed or variable rates are available, and repayment terms can be structured to meet your cash flow needs.

Small Business Administration Loans
The SBA offers numerous loan programs to assist small businesses lenders. These loans are typically aimed at a start-up business, companies that need capital or are only able to provide a small down payment. Our seasoned lending team will be able to assist you in obtaining the SBA as a guarantor of your loan.

Letters of Credit
New Liberty Bank can provide irrevocable letters of credit to guarantee payment to a third party or beneficiary. An example could be a municipality requesting a letter of credit to guarantee completion of a construction project or a wholesaler requiring a guarantee of payment on an inventory purchase.

New Liberty Bank’s approval process is quick as decisions are made locally by our experienced lending team. Please click here to see a listing of requirements. All loans are subject to the credit review and approval process.

Commercial Real Estate Term Loan
The commercial real estate term loan is to assist business or investors in the acquisition or refinancing of various types of commercial real estate. The loans are on a fixed or variable interest rate basis, with amortization periods from 15 years and up.

Commercial Construction Lines of Credit
The lines are used for the finance of a specific project, such as the expansion or construction of various types of commercial real estate, including office, medical, industrial, retail and apartments. The loan is initially on an interest only basis for a period of 12 to 18 months. Upon completion, the loan is rolled into an amortizing commercial real estate mortgage.

Land Development
A land development loan is a non-revolving facility used to assist builders/developers in financing land acquisition and infrasture for residential subdivisions, site condominiums, office and industrial parks. These loans are typically 12 to 36 months; the term is based upon the selling period of the development. The loans are on an interest only basis and repaid through the sale of lots.

Residential Builder’s Line of Credit
A builder’s line of credit is used to finance the construction of multiple sold homes in a single development or provides financing to a builder for individual homes. The loan terms are typically 12 to 18 months and are on an interest only basis. The loan is repaid through the sale of the homes.

Land Acquisition Loans
A land acquisition loan is typically used to finance undeveloped land to be held for future development or acquire developed lots for residential and commercial construction. These loans are typically interest only, with the principal paid upon the sale of the lot.

New Liberty Bank’s approval process is completed on a local level, which makes it easy to apply. Just complete the Commercial Loan Application and forward the appropriate information listed below to the Bank.

The following represents a broad overview of required financial information for the loan type. One of our experienced lenders will sit down with you and learn about your business so that he/she can make an appropriate recommendation on your lending needs. Additional financial information may be required.

Commercial Loan

• Three years of financial statements (Balance Sheet and Income Statement) supported by three years of business tax returns.
  
  
• A completed personal financial statement for all borrowers or guarantors.
  
  
• Two years of personal tax returns for all borrowers or guarantors.
  
  
• Accounts Receivable and Payable Agings (if applicable).
  
  
  

Depending on the length of time in business as well as the time of year you request the loan, the Bank may require additional information such as a business plan and projections and an interim financial statement.

Commercial Real Estate Loan

There are several different types of Commercial Real Estate Loans. One of our experienced lenders will review your application to ensure that all financial information requested is applicable to your loan request. The following is typically the information requested when completing these types of loans:

Investor Real Estate

• Three years of tax returns on the subject property (with a detail of expenses)
  
  
• Appraisal (if available)
  
  
• Rent Roll
  
  
• Copies of all Leases
  
  
• A completed personal financial statement for all borrowers or guarantors.
  
  
• Two years of personal tax returns for all borrowers or guarantors.
  
  

Construction and Land Development

• Description of the project
  
  
• Cost Breakdown
  
  
• Estimated income
  
  
• Site plans
  
  
• A completed personal financial statement for all borrowers or guarantors.
  
  
• Two years of personal tax returns for all borrowers or guarantors.
  
  

If you have any questions, please contact the Bank via email at BusinessBanking@newlibertybank.com (for your protection, please do not send confidential information to this email such as a personal financial statement via email).

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