Lines of Credit Business lines of credit provide businesses with access to cash for a variety of short-term financing needs including providing seasonal working capital, purchasing inventory, financing receivables, taking advantage of trade discounts and managing cash flow. Lines of credit may be either secured or unsecured. Term loans are offered with flexible repayment terms from 1 to 7 years and at customized rates and fees. Commercial Real Estate Commercial Real Estate loan programs are for the purchase or refinance of general purpose owner-occupied or investment property for both commercial and industrial real estate. Terms are available from 5 to 10 years with up to 25 year amortization.
Loans are available at both variable and fixed rates of interest.
Vineyard Development Loans National Bank of the Redwoods offers variable interest rate vineyard development financing for periods of up to seven years, with interest only payments during the first three years. Principal repayment begins in year four based on up to a 15 year amortization schedule. Leasing provides a fixed rate of interest and a fixed monthly payment amount. Business Auto Loans NBR offers loans for the purchase of both new and used autos, vans and trucks, at fixed or variable rates of interest. These are guarantees of payment upon presentation of documents required by the letter of credit.