National Bank of Coxsackie Announces Small Business Loans Special

BY Business Wire | ECONOMIC | 10/11/22 08:00 AM EDT

COXSACKIE, N.Y.--(BUSINESS WIRE)-- In response to rising interest rates issued by the Federal Reserve to slow inflation, the National Bank of Coxsackie (NCXS) has initiated a Small Business Loans1 Special. Qualifying small business customers will be able to apply for commercial installment loans at a fixed rate as low as 3.99% APR2 for up to 60 months.

?NBC is committed to support communities by helping businesses with their funding needs at competitive interest rates,? notes Charlene L. Slemp ? Vice President and Chief Credit Officer for the bank. ?We've specifically allocated $250,000 in funding to provide loans to new businesses with a particular focus on Women & Minority owned businesses. This is an exciting special for us to be able to offer and we'll be able to help many local businesses secure the funding they need to grow.?

Interested Small Business customers are encouraged to apply at their earliest convenience, either online at https://www.nbcoxsackie.com/nbc-express.php or in-person at their local branch. The minimum loan amount is $10,000, and it must close by December 31st, 2022 to qualify for the low fixed rate.

1Pending credit approval. Installment loans only. Real estate related loans not included
2APR= Annual Percentage Rate. Member FDIC. For full terms and conditions see local branch.

Source: National Bank of Coxsackie (NCXS)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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