Non-Profit/Community Loans

Church loans
Oak View National Bank specializes in loans to churches in its community.

  • No minimum loan amount
  • Secured and unsecured loans offered
    • Flexible loan-to-value limits for secured loans
  • Flexible loan amortizations, terms and repayment schedules.

Municipal Leasing Program
Oak View National Bank has formed a strategic partnership with a company outside the bank to offer Municipal Lease-Purchase financing options for capital equipment purchases and real property acquisitions. Tax-exempt leasing is one of the simplest and most successful ways for local municipalities to purchase essential equipment and facilities.
Municipal Lease-Purchase Agreements:

  • Useful financing tool for capital purchases such as
    • Fire trucks and equipment
    • Police cars
    • Dump trucks and snow plows
    • Certain real estate
  • Similar to a traditional loan in that the borrower is considered the owner of the asset
  • Tax exempt municipal interest rates
  • Fixed payment structures
  • Simple, straightforward documentation
  • Avoid costly, unpredictable and time consuming requirements of traditional bond financing.
    • Elimination of upfront cash outlays for legal costs, issuance costs, etc.
  • In Virginia, no voter approval is required and it is not subject to debt limitations
  • Terms related to life of the equipment or collateral
    • One to fifteen years for equipment
    • Up to twenty years for real property

Online Banking Login

Oak View National Bank, an independent and locally owned community bank, is proud to offer a full range of financial services for commercial and retail customers as well as not-for-profit entities. Oak View believes in listening to the needs of its customers, understanding the community's financial needs, and responding fully by supporting individuals, small businesses, and local nonprofit organizations. Oak View has locations in Warrenton, Marshall and Culpeper, Virginia.

 
Friday, February 24, 2017