Commercial Lending

Letters of Credit

Letters of Credit are issued to prove borrowing ability without actually receiving a loan at that time.
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Lines of Credit

Lines of Credit are provided anytime the business has a seasonal need for additional cash flow. These loans usually carry a maturity of one year or less and may be drawn on as needed with interest being accrued on the portion of funds used. (^ top)

Real Estate Loans

Real Estate Loans are used to purchase Commercial Real Estate or are secured by Commercial Real Estate. These are considered long term loans with maturities up to 20 years. (^ top)

Construction & Expansion Loans

Construction Loans are used for the construction of business or commercial facilities. Maturities on these loans are based on the estimated time of completion of the construction. After construction is completed this loan is generally converted to long term financing. (^ top)

Working Capital Loans

Working Capital Loans are used when additional funds are needed for the start-up or operating expenses of a business. These loans generally carry a maturity of 1 to 5 years. (^ top)

Small Business Loans

Monticello Banking Company is proud to be the leader in SBA lending in our area. We can provide our customers with the following types of SBA loans:
• The 7(a) Loan Guaranty Program
• CAPLines
• Export Working Capital and International Trade
• The Surety Bond Program
• 504 Loans
• LowDoc - Loans are made up to $100,000 and require less documentation than regular SBA Loans and are processed in less time. (^ top)

U.S.D.A. Rural Development Loans

USDA Rural Development Loans are used to meet the long term fixed asset purchase of any size business. (^ top)

Micro Loan Program

The Micro Loan Program through Kentucky Highlands Investment Corporation is used to meet the needs of the very small business with loans up to $25,000. (^ top)

Lake Cumberland ADD District Loans

The Revolving Loan Fund through LCADD is used in connection with direct bank or other loan programs to assist businesses with the acquisition of fixed assets with interest rates below market level on loans up to $100,000. (^ top)

Wayne County Industrial Development Authority EZ Revolving Loan Fund

The purpose of the EZ Revolving Loan Fund is to provide up to 75% of the financing for Real Estate, equipment purchase, or working capital. The loan amount can be up to $150,000. (^ top)

Equipment Leasing

Our Leasing Program places emphasis on our ability and desire to service our customers' needs by providing timely credit decisions, documentation support and immediate funding on all transactions. Some of the many types of equipment you can lease are: *Transportation *Manufacturing *Printing *Warehousing *Computers *Telephones *Office Furniture *Construction *Medical *Business Vehicles, and so on... (^ top)

Business Manager

This program provides your growing business with immediate cash for accounts receivable - not only for all existing receivables, but for your daily invoice transactions on an ongoing basis - which is deposited directly into your bank account. (^ top)

Agricultural Loans

Agricultural Loans will be made to farmers or to business customers whose products or services provide support to the agricultural economy. These loans include a wide range of terms and maturities depending on the nature and purpose of the loan. (^ top)

 

Contact us for more information about our loan options for small businesses .