A time note is typically used to finance short-term requirements such as seasonal borrowing, acquisition or event funds bridging to permanent financing or temporary working capital needs.

Time Note Summary

  • Maturity date less than 1 year
  • Interest is payable monthly
  • Principal repayment is generally paid at maturity
  • Repayment of the time note corresponds with the purpose of the financing and the nature of the source repayment
  • Borrowing under a time note carries interest at a rate negotiated with the customer
IMPORTANT ACCOUNT INFORMATION FOR OUR BUSINESS CUSTOMERS: Transactions restricted by the Unlawful Internet Gambling Enforcement Act of 2006 are prohibited from being processed through commercial accounts as of December 1, 2009. For questions about this policy please contact a branch representative or our Customer Assistance Center at 508.568.3400.

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