LINES OF CREDIT

The Bank of Cashton offers two different types of credit lines. The first is a closed-end line of credit for construction purposes. This line is accessed through your loan officer and allows you to use the funds to pay invoices as the job is completed. Thus, you only pay interest on the amount you have borrowed, not the entire amount of your loan. The construction loan can be converted into a conventional mortgage loan upon completion of the project. The second type of credit line is a Self-Directed Loan. Please refer to the Self-Directed Loan section for more information about this product.

For more information on business loans, please contact our loan department.