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This is the official blog of Citizens National Bank, providing information about personal banking, business banking, mortgage loans, business loans, financial management and helpful tips for consumers located in northern Michigan.

Your Personal Information: Key To Getting Approved For A Small Business Loan

Nancy Lindsay - Thursday, September 04, 2014

Business and Commercial LoansIn last week’s post we talked about how applying for a business loan may be a lot like the TV show Shark Tank. As a business owner, it’s your job to convince the bank that you’re worth the “risk” of providing financing and what sort of business information you need to provide during the application process. But, what you may not realize is that as the business owner, there’s an expectation of personal information as well, further helping the bank get a feel for your expertise and ability to repay the loan.  

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Applying For A Small Business Loan Is A Little Like Shark Tank

Nancy Lindsay - Thursday, August 28, 2014

Business and Commercial LoansDo you watch the TV show Shark Tank? For those of you who may not have seen it before, entrepreneurs come before a group of high-profile investors in hopes that they will finance growth or expansion of their business idea after they hear an impassioned pitch. In applying for a small business loan, you are asking the bank to be a partner in a dream you have to build a future. The process is a bit more low-key than Shark Tank, but what holds true is that you have to convince the bank that you present a risk worth taking.  

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Questions Every First Time Homeowner Should Ask Themselves – Part II

Nancy Lindsay - Wednesday, August 20, 2014

Buying a new homeIn our previous post we set the stage for the aspiring first-time homeowner to better prepare for the process of applying for a home loan. Understanding your credit history is an important component to getting approved for a loan. Additionally, having stable employment shows the bank you’re generating consistent income (and therefore, able make your payments). But these are just a few of the items that you need to consider. Below are some additional questions to ask yourself to ensure that you’re ready to become a homeowner. 

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Questions Every First Time Homeowner Should Ask Themselves – Part I

Nancy Lindsay - Wednesday, August 13, 2014

Questions for first time home ownersDo you see owning a home as bringing your part of the American dream to life? If so, you are like nearly 82% of Americans recently surveyed by the National Association of Home Builders and Better Homes and Gardens Magazine who saw this as a goal. While the housing crisis of the few years back may have made obtaining a mortgage a little more difficult, if you are an aspiring homeowner, what do you need to do to improve the chances of obtaining a mortgage? 

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