At Northwoods Bank we specialize in small business lending. The Business Lenders at Northwoods Bank are experienced and capable of handling any of your business borrowing needs. As a local community bank, we are closely in touch with our community and our customers. But we still can offer all the business lending products of the “big” banks. So if you want to bank where decisions are made locally and where your lender takes the time to understand your business and can customize your loan to meet your individual needs - you've come to the right place. We can handle loans as small as $25,000 or well into the $Millions.
We offer financing for the purchase or construction of all types of commercial real estate property. We have financed retail stores, manufacturing facilities, office buildings, service buildings, convenience stores and grocery stores. We are especially strong in financing resorts and campgrounds. We even finance restaurants. We also offer loans for expansion or refinance of existing commercial property. Loans are secured by a mortgage on the commercial property. Loan terms are up to 24 months for construction and up to 20 years for permanent financing. Fixed and variable rates are available. Loan amounts range from 70 - 80 percent of the property value or purchase price.