NBT Bank Term Loan

Do you need long term working capital? When you need to make capital improvements or purchase equipment, an NBT Bank Term Loan can help. You can borrow funds for your business with a repayment schedule to fit your needs. Term Loan financing through NBT Bank alone or with an SBA guarantee is available for periods up to seven and ten years, respectively.

NBT Bank Time Note

Are you looking for short-term capital? If you are looking for funds to help support a seasonal or non-recurring financing need, an NBT Bank Time Note may be your answer. A Time Note can be effectively used for specific purchases, such as inventory.

Working Capital Line of Credit

Do you need capital to fund your growing business? NBT Bank's Working Capital Line of Credit can fill the gap between accounts receivable and accounts payable. It can support orders and contracts you receive and may help increase inventory during peaks in your business cycle.

Commercial Mortgage

Do you need funds to purchase or improve a commercial property? NBT Bank can provide the financing for your commercial real estate needs. If you need to purchase, expand or make improvements to a commercial property, a Commercial Mortgage from NBT Bank could be the answer for you.

Letter of Credit

Are your suppliers looking for a guarantee that you can pay? A Letter of Credit will assure your business partners that you can pay for goods and services they provide. NBT Bank can send a Letter of Credit to a supplier, government agency or other organization that states that you can pay as promised.

Star Access Line of Credit

A Star Access Line of Credit* provides you with a revolving source of funds to draw against for your ongoing needs. Once your line of credit is set up, you can simply write yourself a loan to cover your business expenses by writing a check or transferring funds using NBT Online Banker for Business.

* This line of credit option features a variable interest rate that is subject to change.

VISA® and MasterCard® Business Credit Cards

Visa® and MasterCard® Business Credit Cards are available to businesses to assist you with the purchase of inventory and work-related items, business lunches and dinners, and more. Monthly statements help you to monitor your expenses and allow for easy reconciliation of transactions and payments.

New York State Small Business Development Center
SBDC provides expert management and technical assistance to start-up and existing businesses across New York State. The SBDC also focuses on projects that advance the job development, investment, and economic growth priorities of New York State, with an emphasis on manufacturers, exporters and technology-oriented firms. For assistance with business plan development, visit www.nyssbdc.org

SBA Loan Programs
SBA provides a number of financial assistance programs for small businesses including disaster assistance loans. Though the SBA does not provide grants to help you start a business, included is information on organizations and sites that can assist you in locating special purpose grants. Visit ww.sba.gov/services/financialassistance/index.html for detailed information on SBA loans and the New York Business Development Corporation at www.nybdc.com/ for additional reference to SBA Loan Programs.

USDA Rural Development Business and Industry Loan Guarantees
Rural Development assists many types of businesses including manufacturing, retail, wholesale trade services with financing for acquisitions, land purchases, machinery purchases, equipment purchases, construction, pollution control, working capital, refinancing, eligible fees and costs. Visit www.rudev.usda.gov for specific information.

New York State Linked Deposit Program
The Linked Deposit Program assists businesses within the state with low rate loans for modernization of facilities and operations developing new products, accessing new markets and improving competitiveness.

Visit www.banking.state.ny.us/sba/ldp.htm for specific information. New York State Energy Smart Loan Program
The New York State Energy Smart Loan Program provides financing for facilities installing energy— efficiency improvements and/or renewable technologies.

Visit www.nyserda.org/loanfund/ for specific information.

Commercial Contacts

Do you need long term working capital? When you need to make capital improvements or purchase equipment, an NBT Bank Term Loan can help. You can borrow funds for your business with a repayment schedule to fit your needs. Term Loan financing through NBT Bank alone or with an SBA guarantee is available for periods up to seven and ten years, respectively.

David Theleman, SVP & Regional Commercial Banking Manager
Phone: (607) 337 – 6144
Email: dtheleman@nbtbank.com
Regional Commercial Banking Manager for the following counties:
Chenango, Delaware and Otsego

David Krupski, VP & Regional Commercial Banking Manager
Phone: (518) 437 – 4117
Email: dkrupski@nbtbank.com

Regional Commercial Banking Manager for the following counties:
Albany, Fulton, Hamilton, Herkimer, Montgomery, Otsego, Rensselear, Schenectady and Saratoga

Jeffery Lake, SVP & Regional President
Phone: (607) 797 – 3553
Email: jlake@nbtbank.com

Regional Commercial Banking Manager for the following counties:
Broome

John Buffa, SVP & Regional Commercial Banking Manager
Phone: (315) 738 – 8711
Email: jbuffa@nbtbank.com

Regional Commercial Banking Manager for the following counties:
Oneida

Daniel Burke, SVP & Regional President
Phone: (518) 746 – 5261
Email: dburke@nbtbank.com

Regional Commercial Banking Manager for the following counties:
Warren and Saratoga

Brian Gladwin, VP & Senior Commercial Banking Relationship Manager
Phone: (518) 561 – 0164
Email: bgladwin@nbtbank.com
Regional Commercial Banking Manager for the following counties:
Clinton, Franklin, Essex and St. Lawrence

Commercial Banking Application Checklist

Commercial Checklist The following checklist will expedite the initial loan interview process. The following checklist is a means of accumulating the essential information for NBT Bank to evaluate your business.

• Name of Borrower and Related Companies
  
  
• Organizational Documents with Filing Receipts, i.e. Assumed Name Certificate (DBA), Certificate of Incorporation or Articles of Incorporation, Articles of Organization, Partnership Agreement, Certificate of Limited Partnership.
  
  
• List of owners for each company with 20% or more ownership
  
  
• Borrower Balance Sheet and Income Statement (dated within 90 days of the request)
  
  
• Current accounts receivable and accounts payable agings (dated within 90 days)
  
  
• Financial Statements and Tax Returns (personal, company and related companies) for two years
  
  
• Income and Expense Projections for the next two years (monthly figures for the first year if a new business)
  
  
• Detail of Loan Request (use of funds and source of funds)
  
  
• Completed Loan Application
  
  
• Management Resume
  
  
• Any outstanding questions
  
  
• Completed Business Plan (Apply ONLY to newly established Businesses)
  
  
• Brief description of business (Apply ONLY to newly established Businesses)

* For questions regarding any of these items, please contact your Regional Commercial Banking Manager

*For assistance with development of business plan development, visit the New York State Small Business Development Center at www.nyssbdc.org