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Business Lines of Credit Rates

Rates

Effective

Unsecured Lines of Credit

Loan Type Min Loan Max Loan Max Term Risk Based Pricing Range Loan Fees **
Min Adj 
Period1
Business 
Line Quick 
App. 
Preferred 
$2,500     $5,000   14.000% n/a n/a A W
Business 
Line Quick 
App. 
Standard 
$1,000      $1,000   16.000% n/a n/a A W
Business 
Line Quick 
App. Custom
$500      $500   18.000% n/a n/a A W
Business 
Line - 
Unsecured
$5,000       $50,000 2 yrs. 5.750% 12.250% $100 V M

Rates

Effective

Secured Lines of Credit

Loan Type Min Loan Max Loan Max Term Risk Based
Pricing Range
Loan Fees ** Min
Adj
Period1
Business 
Line 
Business 
Assets 
$5,000  $3,500,000 2 yrs. 5.000% 18.000% See 
schedule
below 
V M
Business 
Line Other 
Collateral
$10,000 $1,500,000 2 yrs. 5.250% 18.000% See 
schedule
below
V M
Business 
Line Gov't 
Guaranteed 
$25,000 $2,500,000 2 yrs. 5.250% 8.250% See 
schedule
below
V M
Business 
Line Real 
Estate 
(BLOC) 
$25,000 $1,000,000 10 yrs.  4.750% 18.000% 1 point V Q
Business 
Line Real 
Estate (int 
only BLOC)
$25,000 $1,000,000 5 yrs. 4.750% 18.000% 1 point V M
Business 
Line 
Personal 
Residence
$25,000 $1,000,000 10 yrs. 4.750% 18.000% 1 point V Q
Business 
Line 
Personal 
Residence 
(int only) 
$25,000 $1,000,000 5 yrs. 4.750% 18.000% 1 point V M
Business 
Line NICU 
Share 
$1,000 $5,000,000  2 yrs. 3.250% 9.250% n/a V M


Business Loan Fee (for select loans indicated above) 

 Loans up to $50,000

$150    

Prime Rate: 3.250%

5yr TCM: 1.610%

$50,001 to $100,000 $200  
 $100,001 to $500,000 $350  
$500,001 to $1,000,000 $750   
Loans over $1,000,000 $1,000   
Additional Out-of-Pocket Fees may apply for secured loans    
Credit Report $75  
Appraisal Fee  at cost
(by an approved 
appraiser)
 
Title Insurance at cost
(see Note #1)
 
Escrow at cost
(see Note #2)
 
 Tax Service  $67 (loans up to 
$499M; larger 
loans add $10 
per $100M)
 
 Recording Fees $55 (estimate)  
 UCC Filing/ Search $17 (estimate)  
 Flood Certification $50 (per building)  
Environmental Report $450 (if indicated)  
Phase I or II Report at cost (if indicated)  
** A = Rate adjusted from time to time by North Island
 V = Rate varies periodically according to index
 F = Rate is fixed for the term of the loan1
 F = Fixed 
 M = Monthly 
 Q = Quarterly 
 W = Weekly 
 N = N/A 
 
Note #1
For loans under $250,000 secured by a Second TD we will order a Limited Policy at an estimated cost of $150. For loans over $250,000 we will order a CLTA Title Policy. For loans secured by First TDs we will order full ALTA Policies. Charges to the borrower will be at our cost.
 
Note #2
For loans under $250,000 that include the refinance of existing mortgages, we will order a sub-escrow at an estimated cost of $125. For loans with refinances over $250,000 we will need a full escrow, charges at our cost.
 
Terms & Conditions
Programs (including but not limited to fees, rates, and features) are subject to change without notice.