CNB is pleased to offer a custom package designed for the physicians in our community. Enjoy the combined convenience of a CNB Business Checking account and a borrowing instrument that provides a one-year, non-revolving line of credit with an automatic conversion to a 4-year fixed payment, term loan at the conclusion of the initial 12-month period.
For your convenience, draws from the line of credit to the CNB Business Checking can be made online, and all payments will be automatically withdrawn from the associated checking account.
Physician Flex Loan Program Summary
- Loans up to $100,000
- 7.95% fixed interest rate
- 5-year term, as described below
- No origination fee
- No prepayment penalty
- Personal guarantee required
- No collateral required
- Automatic payments required from CNB Business Checking
5-year combined loan instrument:
Year 1:
- Non-revolving line of credit
- 90-day automatic deferment of payment
- 9-month interest-only payments, automatically deducted
- Transfer funds online from line to CNB Business Checking
Year 2-5:
- Line of credit will be automatically converted to a 48-month term loan
- Fixed monthly payments
- Monthly payments automatically deducted from CNB Business Checking
Physician Flex Loan Program Summary
- Loans up to $100,000
- 7.95% fixed interest rate
- 5-year term
- No origination fee
- No prepayment penalty
- Personal guarantee required
- No collateral required
- Automatic payments required from CNB Business Checking
5-year combined loan instrument:
Year 1:
- Non-revolving line of credit
- 90-day automatic deferment of payment
- 9-month interest-only payments, automatically deducted
- Transfer funds online from line to CNB Business Checking
Year 2-5:
- Line of credit will be automatically converted to a 48-month term loan
- Fixed monthly payments
- Monthly payments automatically deducted
Apply online. Submission of application requires the most recent signed business and/or personal tax returns, as applicable.
If you have questions, please contact your branch representative or relationship manager. If you are not currently a CNB Business Checking customer, a branch representative will contact you upon review of your completed application to assist you in opening a new account.