COXSACKIE, NY, October 11, 2022–(BUSINESS WIRE)–In response to interest rate hikes issued by the Federal Reserve to curb inflation, the Coxsackie National Bank (NBC) has launched a small business lending program1 Special. Eligible small business customers will be able to apply for commercial installment loans at a fixed rate as low as 3.99% APR2 up to 60 months.
“NBC is committed to supporting communities by helping businesses meet their financing needs at competitive interest rates,” said Charlene L. Slemp, the bank’s vice president and chief credit officer. “We have specifically allocated $250,000 in funding to provide loans to new businesses, with a particular focus on women-owned and minority-owned businesses. This is an exciting special offer that we can offer and we can help many local businesses secure the financing they need to grow.
Interested small businesses are encouraged to apply as soon as possible, either online at https://www.nbcoxsackie.com/nbc-express.php or in person at their local branch. The minimum loan amount is $10,000 and must be closed by December 31st2022 to benefit from the low fixed rate.
1Awaiting credit approval. Installment loans only. Real estate loans not included
2APR = annual percentage rate. FDIC member. For full terms and conditions, see local branch.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20221011005184/en/
Charlene L, Slemp, 518-731-6161