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Commercial Banking

 

Commercial Banking Accounts


 

 
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CASH MANAGEMENT

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COMMERCIAL CHECKING ACCOUNTS

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COMMERCIAL SAVINGS ACCOUNTS

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CORRESPONDENT BANKING SERVICES

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LOCKBOX & PAYMENT PROCESSING

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Commercial Loan Products


 

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COMMERCIAL LOANS

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COMMERCIAL REAL ESTATE LOANS

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COMMUNITY ASSOCIATION LOANS

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COOPERATIVE Building MORTGAGES

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SBA LOANS


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SECURED PLEDGE FINANCING

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Cash Management

Business customers can choose from our basic online banking option or our more sophisticated online cash management platform, Treasury 24/7. With Treasury 24/7 you can transfer funds to cover anticipated debts, draft customers' accounts for pre-authorized payments, initiate ACH or wire transfers, pay bills, vendors and even your payroll.


 

 

NCB’s Treasury 24/7



  • Access to a secure web-based platform, 24 hours a day from any location
  • Initiate ACH and wire transfers as needed, including tax payments, vendor payments and payroll
  • Link with a NCB line of credit
  • Move funds between accounts via book transfers
  • Automatic overnight sweep account to a highly rated fund paying competitive interest rates
  • Secure platform that enables users to establish various levels of accessibility for key personnel
  • Real time access to account balances
  • Set up automatic e-mail alerts when a high or low balance requires action
  • Export a file of your transactions to QuickBooks, Quicken, or a comma-delimited file format
  • Provide different functionality to different staff members, and control the accounts and services they may access


 

Business Sweep Accounts

  • Link your business account to one of NCB’s Sweep Accounts and earn interest while you sleep. At the end of each business day, excess money in your checking account will be swept into an interesting-bearing account then swept back into your checking account the next morning, along with the earned income.


 

Remote Deposit

  • Our remote deposit services provides you with the capability to image-capture check payments at your business location and electronically delivers the images and information to NCB for deposit into your account through a secure Internet connection. We eliminate the need to make trips to the bank and improve the safety and security of your banking.  

 

Commercial Checking Accounts

In the world of business checking, one size definitely does not fit all. That’s why NCB offers convenient and competitive business checking account options each designed with your needs in mind. NCB’s business checking accounts are optimal for cooperative businesses and nonprofits of all shapes and sizes.


 

 

Basic Business Checking


For businesses with light transaction activity and low balances.

  • $100 minimum balance required
  • No monthly maintenance fee
  • Online cash management available
  • 100 free checks/debits per month
  • 50 free deposits per month

 



 

Corporate Business Checking


For corporations, cooperatives and partnerships.

  • $100 minimum balance required
  • $5 monthly maintenance fee
  • Online cash management available
  • Highly competitive earnings credit rate to help offset monthly fee and transaction charges
  • Detailed monthly account analysis/statement itemizing expenditures

 



 

Interest Business Checking


For non-profits, sole proprietorship and public agencies.

  • $100 minimum balance required
  • $10 monthly maintenance fee
  • Online cash management available
  • Unlimited check writing with no per-check/debit or per-deposit charges
  • Competitive interest rate, compounded daily and credited monthly

 


 

Commercial Savings Accounts

In the world of business savings, one size definitely does not fit all. That’s why NCB offers convenient and competitive business savings account options each designed with your needs in mind. NCB’s business  savings accounts are optimal for cooperative businesses and nonprofits of all shapes and sizes.


 

 

Money Market
Deposit Account

  • $100 minimum deposit required
  • 6 withdrawals per month
  • $5 monthly maintenance fee if balance falls below $2,500

 



 

MMDA Treasury Plus

  • $10,000 minimum deposit, loan with NCB or a $10,000 CD required
  • Tiered rates based on deposit
  • 6 withdrawals per month

 



 

Business Certificates
of Deposit

  • $500 minimum balance required
  • Penalty for early withdrawal
  • Competitive fixed rates and choice of terms ranging from 3 months to 7 years

 


 

Correspondent Banking Services  

NCB’s mission of serving cooperatives aligns well with those of credit unions. Approximately 800 credit unions, leagues and CUSOs work with NCB. We offer a full suite of correspondent banking services for credit unions with no capital contribution requirement, competitive return on funds and fixed service fees. 


 

 

 

Correspondent Banking Services

 

NCB offers a full suite of correspondent banking services to credit unions with no capital contribution requirement, competitive return on funds, and fixed service fees. Our correspondent banking services include: 

  • Reserve & Settlement Accounts 
  • ACH
  • Branch Capture Item Processing
  • Coin & Currency
  • Funds Transfer Services
  • Federal Reserve Services
  • International Services
  • Online Banking 


 

 

 

Lockbox and Payment Processing

NCB recognizes you require a variety of payment options for residents. Through our robust services, payments can be made online, in the office with a desktop scanner, or through traditional payment methods.


 

 

Lockbox Services

  • NCB's automated lockbox remittance processing system provides accurate, timely and efficient servicing of your inbound clients payments.  We support real-time online lockbox service, with full collection processing and image capture and retrieval functionality delivered through a secure website.


 

Online Payment Services

  • Our convenient online services gives resident the ability to sign up for electric payment to be taken automatically from their account each month.


 

Remote Deposit

  • NCB's remote deposit services provides you with the capability to image capture check payment at your business location and electronically deliver the images and information to NCB for deposit into your account(s) through a secure internet connection.

 

Commercial Loans

We provide an array of choices to help businesses grow. Whether your business is looking to expand, renovate or acquire, NCB has loan options to help. We offer flexible loan products at competitive interest rates to meet your business needs.


 

Loan Products

 

  • Lines of credit
  • Revolving lines of credit
  • Term loans
  • Owner occupied real estate loans 

Loan Terms

 

  • Fixed rate: tied to the 5, 7, or 10 year United States Treasury plus a market spread
  • Variable rate: Wall Street Journal Prime Rate of Interest adjusted monthly or quarterly

Payment Options

 

  • Monthly payments: Up to 6 months interest only may be available

Financing Purposes

 

  • Acquisition
  • Expansion
  • Furniture, Fixtures & Equipment
  • Leasehold improvements
  • Refinancing
  • Start-up expenses
  • Working capital 


Questions? 

Send a message through our online contact form to get in contact with the right member of our team.

 

Commercial Real Estate Loans

NCB provides comprehensive banking services to commercial real estate properties across the country. We offer portfolio and salable financing packages for all major commercial property types.


 

 

Portfolio Product
Loan Terms

  • 3-7 year term with amortization up to 30 years. Longer and shorter terms will be considered.
  • Fixed interest rate for the loan term. Interest only periods and floating rate loans available.
  • Flexible prepayment options.
  • Non-recourse for transactions under 65% LTV, subject to credit underwriting.
  • Maximum LTV of 75%.


 

Salable Product
Loan Terms

  • 5 and 10 year terms, with amortization up to 30 years.
  • 10 year fixed rate, priced over swaps. Partial IO available.
  • Prepayment penalty is defeasance
  • Non-recourse transactions

 


 

Community Association Loans

Community Associations — including condominium and homeowners associations — need access to capital to pay for large scale projects. With over 2 decades of experience in community association lending, NCB will work with the association in providing the best financing to meet the needs of the community.


 

Lines of credit with Payback

 

  • Up to 18 month draw period
  • Adjustable rate during draw period

Term Loans

 

  • Interest rate fixed at closing
  • Unlimited draw period
  • Limited fees

Loan Size and Purpose

 

  • $100,000 minimum
  • Capital improvements and repairs
  • Developer deficiencies

Key Requirements

  • Delinquency <10% of annual income
  • Delinquent units <15% of units
  • Balance in reserves ≥10% of gross income
  • At least 20 units and 50% owner occupied

**Loan terms and requirements subject to change based on underwriting guidelines. **



Questions? 

Send a message through our online contact form to get in contact with the right member of our team.

 

Cooperative Building Mortgages

NCB has over 37 years of experience of working with housing cooperatives on providing long term financing for capital improvements or to refinance existing debt. Our in-depth knowledge of the co-op market means fast and efficient delivery of the underlying mortgage product tailored to fit your exact needs.


 

Loan Products

 

  • First Mortgages 
  • Second Mortgages
  • Lines of Credit

Loan Terms

 

  • 10-year, 15-year and 30-year fixed rate building mortgages
  • Interest only loans available

Financing Purposes

 

  • Refinance existing debt
  • Fund capital improvements
  • Replenish reserves 

Key Requirements

 

  • Delinquent units<10% of units
  • Balance in reserves >10% of budgeted annual assessment charges
  • First and second mortgages must have a maximum combined LTV of 65% as a rental property and 55% as a cooperative 


Questions? 

Send a message through our online contact form to get in contact with the right member of our team.

 

SBA Loans

NCB offers two SBA loan programs designed to help independent businesses grow and succeed: SBA 7 (a) and SBA 504. We provide highly personalized service and expedited loan processing given our Preferred Lender Status. 


 

 

7(a) General Loan Program

  • Term loans up to 25 years.
  • Financing for leasehold improvements, real estate purchases and business acquisitions
  • Limited loan covenants
  • No balloon payments
  • Loans starting from $250,000

 



 

504 Loan Program

  • Term loans of 10 years or 20 years
  • Financing for fixed assets including real estate, improvements, construction, renovation and long term equipment purchases
  • Low equity injections - usually 10% to 20% down payment
  • Permissible debt refinancing when involves business expansion
  • Loans starting from $500,000

 


 

Secured Pledge Financing

One of NCB's most advantageous offerings for non-profit organizations is our capital financing product. 


 

Secured Pledge Financing

Based on the reliability and creditworthiness of pledges from corporate, foundation, and major individual contributors, NCB will underwrite all or a portion of a non-profit's forecasted final pledge amount. 

NCB is one of the few financial institutions in the country that offers secured pledge financing, a lending product that can help non-profit organizations realize their dreams – now, without waiting for capital campaign pledges to convert to cash. Based on the reliability and creditworthiness of pledges from corporate, foundation, and major individual contributors, NCB will underwrite all or a portion of a non-profit’s forecasted final pledge amount. This will provide a non-profit with project capital today, often years ahead of when these projects might otherwise have begun.

Questions? 

Send a message through our online contact form to get in contact with the right member of our team.