Short-Term And Long-Term Loans For Businesses Corning NY

Looking for Short-Term And Long-Term Loans For Businesses in Corning? We have compiled a list of businesses and services around Corning that should help you with your search. We hope this page helps you find Short-Term And Long-Term Loans For Businesses in Corning.

M&T Bank - Corning Market Street Branch
(800) 724-2440
5 East Market Street, Suite 102
Corning, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 4 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact M&T Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Community Bank - Corning -w. Market Street Branch
Your local branch. (See site.)
150 West Market Street
Corning, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
M&T Bank - Painted Post Branch
(800) 724-2440
109 West Water Street
Painted Post, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM after 4 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact M&T Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Community Bank - Big Flats - Consumer Square Branch
Your local branch. (See site.)
830 County Road 64
Elmira, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Citizens Bank - Consumers Square/Tops Branch
(877) 360-CIRC
830 Country Road Route 64
Elmira, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $3.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Community Bank - Corning North Branch
Your local branch. (See site.)
331 West Pulteney Street
Corning, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Community Bank - Corning Market Street Branch
Your local branch. (See site.)
240 South Hamilton Street
Painted Post, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Community Bank - Painted Post Branch
Your local branch. (See site.)
240 South Hamilton Street
Painted Post, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
HSBC - Elmira Heights Branch
(800) 975-4722
217 Prescott Avenue
Elmira Heights, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $50.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.50 fee each time you use a non-affiliated ATM in New York state. Otherwise, no ATM fee. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact HSBC for details.
Services
Overdraft Protection, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Community Bank - Addison Branch
Your local branch. (See site.)
11 Tuscarora Street
Addison, NY
ATM Fees
monthly fee: Monthly service fees range from $0 to $8.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Data Provided By:

Short-Term And Long-Term Loans For Businesses

Business loans are generally divided into two categories. Loans of less than three years are typically considered short-term while loans greater than three years are fall into the long-term category. Long-term loans are normally for a period of 10 years although some may be approved for up to 20 years.

Short-term loans can be for periods as short as 90 days. The strength of a business in terms of their balance sheet, financial statement, credit history and time in business as well as the relationship with the lending institution all enter into the loan approval decision process. Loans of less than one year to proven customers are often approved without collateral and are referred to as unsecured loans. Loans in the one to three year category most often require collateral and the assets of a business such equipment, buildings or real estate can easily provide the necessary collateral, provided that there is sufficient worth in the assets. The lending institution will obviously want to assess the value of the collateral and will monitor the loan to insure that the collateral retains its' worth over the period of the loan. These types of loans are called secured loans because the collateral that guarantees repayment could be forfeited if the loan falls into default. An alternative to an unsecured short-term note would be for a business to negotiate an approved line of credit that could be used as necessary throughout a year. This can be negotiated in advance of any requirement for a short-term loan and is available should the need arise. Short-term loans are commonly used to cover cash flow shortfalls or the enable the purchase of additional inventory.

Long-term loans of greater than three years require a more detailed analysis by the lending institution. As with short-term loans the same criteria of a good credit history coupled with a successful business balance sheet and financial statement will make the approval process quicker and easier. A long-term loan will be a secured loan, and sufficient collateral must exist and will definitely be the basis for approval. Long-term loans are appropriate for large acquisitions or purchases of equipment that has an extended life.

Interest on short and long-term loans vary widely. Typically the interest rate will be 1-3% above the prime lending rate and it is obvious that the shorter the period of the loan the less the interest expense will be. Additionally the value of any col...

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