Loan Products

Mission National Bank offers many types of credit facilities to the business community. These facilities range anywhere from short term lines of credit to long-term loans, either unsecured or secured. Our Bank is committed towards helping qualified business borrowers of our community to grow and expand. Mission National Bank makes available the following types of facilities:

Generally used to cover a short fall in cash flow, or to use in an immediate investment that can be turned over quickly (generally 90-180 days) into cash. This is usually for a one time transaction scenario and not for an ongoing situation.

Line of Credit

Effectively, the same purpose as a short term loan but is really a revolving line of credit for those business persons who have a need to make a multiple of similar transactions throughout the year and reduce or repay the loan after each transaction. This type of loan is generally for one year.

Letters of Credit

There are two types of Letters of Credits that Mission National Bank offers, Commercial or Standby. Both are used by the businessperson to purchase something, such as equipment or inventory, from outside of their area (such as a foreign country). With this facility the customer can guaranty payment to the supplier when certain conditions have been met, and the Bank acts as the intermediary. Both the supplier and purchaser are protected.

Construction Loans

These are loans to assist in construction of buildings. This facility is secured by a first deed of trust. It is not to be confused with a Home Improvement Loan.

Business Real Estate Loans

These loans are usually secured by a customer's business location or rental property. This type of loan is typically for non-residential or mixed-use property secured by a First Deed of Trust.