Loans from Pinnacle Bank

Consumer Loans

  • Residential Lot Loans – for acquisition or refinancing of a residential lot. Repayment plans can match your desire to build in the near future, or plan for a house years down the road.
  • Residential Construction Loans – interest only loans (usually for a year) to allow you to build the home of your dreams. Upon completion, these loans are typically paid out from permanent financing.
  • Renovation loans – loans to make improvements to you home.
  • Home Equity Line of Credit – whether your need is now or sometime in the future, this line of credit can be available when you are ready.
  • Installment Loans – available for cars, boats, etc.

Commercial Loans

  • Owner Occupied buildings – do you need to purchase a new building or renovate your existing building
  • Non Owner Occupied buildings – loans are available for investment property
  • Rental Houses 
  • Lines of Credit  - for working capital needs
  • Equipment Loans – for the purchase or refinancing of new or used equipment
  • SBA Loans – 7(a) and 504 loan programs available

7(a) Benefits

  • Long term financing, improved cash flow, fixed maturity, no balloon, no prepayment penalty under 15 years
  • Loan proceeds for expansion or renovation, new construction, land or building purchase, working capital, refinancing debt, seasonal line of credit, inventory, fixtures, equipment or lease-hold improvement purchases
  • Maturity dependent upon ability to repay; Generally 5 – 10 years for working capital, machinery and equipment; 25 years for real estate
  • Must be for-profit business, meet SBA size standards, an eligible type of business, and meet ability to repay and other SBA requirements

504 Benefits

  • Fees under 3%, long term fixed rate, low down payment, full amortization, no balloon
  • Project costs financed by SBA up to 40%, lender 50%, borrower equity 10 – 20%
  • Loan proceeds for lender financing secured by first lien on project assets, 100% guaranteed debenture sold to investors at fixed rate secured by second lien
  • Must be for-profit business that does not exceed $15 million in tangible net worth with an average net income that does not exceed $5 million for past two years