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In some instances traditional business loans might not be appropriate for your business. That's why we provide options to obtain alternative financing. Work with experienced lenders who understand the business climate of northern Maine. Business Letters of CreditWhen you need to buy goods on credit or enter into a contract requiring a bond or deposit.Establish credit with your suppliers with a Letter of Credit from Katahdin Trust. It allows you to add the Bank's name and credit support to your own, thereby providing others with the assurance of your payment or performance. All loans subject to credit approval. Municipal LoansPerfect if your business is anticipating receiving revenue such as taxes, operating funds from governmental units, or sale of bonds.
May also be used for long-term loans to support fixed asset acquisitions such as operating equipment, buildings, solid waste systems, and more. All loans subject to credit approval. Learn more about Beneficial Ownership requirements and how they may affect your business.
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