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Business Lending Services

Whether you’re starting from scratch or expanding your business a loan from Centinel Bank will get things moving. Your success is important to us that is why we offer you our personal service, knowledge of the area, and local decisions, as well as a full spectrum of lending services for your business to succeed.  

We’ve been lending strength to our Taos County communities since 1969, helping local businesses grow and prosper, which ultimately provides more jobs for area residents and contributes to economic growth.  Centinel Bank NMLS #421889.

As a locally owned and operated commercial bank we have the flexibility to offer a variety of commercial loan products tailored to meet your unique needs. The following is a sample of our products:

  • Commercial real estate loans
    (Purchase, Refinance or even use currently owned real estate as leverage) 
  • Construction loans
  • Long and short term financing - Put equity to work helping your business expand.
  • Land development loans
  • Equipment loans
  • Vehicle loans
  • Working capital lines of credit
  • Standby letters of credit
  • Secured loans

Apply here for a business loan.

Click here to meet our lending team.

Preparing for your appointment

What are the 5 C's of credit and what can you expect when applying for a commercial loan?

The 5 C’s of credit help assess credit risk and are used by many lenders to evaluate potential borrowers. Knowing about these 5 C’s: character, capacity, collateral, capital, and conditions, and what your bank is looking for will help prepare you to recognize what is most important in a lender’s eyes.

Whether you're starting from scratch or expanding your business, want to buy new equipment, purchase land, improve an existing location,or to just give your business a little breathing room, a loan can help your business in a variety of ways. Knowing what lenders are looking for ahead of time can mean the difference between being accepted or rejected.

To read more about the 5 C's of credit click here


To prepare for your appointment with a Commercial Lender, here are a few things to bring:

  • Completed business loan application and personal financial statement.
  • Income verification: Current year-to-date financial statements (Balance Sheet & Income Statements).
  • Business Tax Returns (most recent 3-years).
  • Personal financial statement on each principal owner or guarantor, and most recent 3-years personal federal income tax return.
  • Collateral information (i.e. legal descriptions, titles, etc.).
  • Other organization documents as described below. 

What types of business or organization documents do I need to provide?

Sole-Proprietorship

  • Valid Business License, where applicable
  • Proper identification for each signer on the loan

Partnership

  • Valid Business License, where applicable
  • Partnership Agreements
  • Partnership Resolution
  • Federal Taxpayer Identification Number
  • Proper identification for each signer on the loan

Corporation

  • Valid Business License, where applicable
  • Certificate of Incorporation
  • Articles of Incorporation and Bylaws
  • Federal Taxpayer Identification Number
  • Corporate Resolution – available at bank
  • Proper identification for each signer on the loan

Limited Liability Corporation (LLC)

  • Valid Business License, where applicable
  • Certificate of Organization
  • Articles of Organization
  • Operating Agreement
  • Federal Taxpayer Identification Number
  • Proper identification for each signer on the loan

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