To Our Valued Customers,
As we are all very much aware, the scare of COVID-19 has played a large, negative economical impact to our community. We have been diligently working with our small business customers in this time of hardship. As this continues, we are here to help with any questions and to provide any assistance that we are able to.
Recently, Congress passed The Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Under the CARES Act, Congress has appropriated $350 billion for Small Business Administration (SBA) Paycheck Protection Loans of up to $10 million to small businesses impacted by COVID-19.
Small business owners in all U.S. states,Washington D.C., and territories are currently eligible to apply for a long term low-interest loan due to Coronavirus (COVID-19). APPLY FOR ASSISTANCE AT: Economic Injury Disaster Loan
We at CNB are working to become a 7(a) lender to provide our customers access to a rescue package also known as the Paycheck Protection Program (PPP).
PPP Loans May be Used for the Following:
• To pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.
• SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
• SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response, and the SBA is strongly committed to providing the most effective and customer-focused response possible.
Below I have referenced three weblinks that will provide you with more information on this matter. The first website gives you the instructions about how to apply for an SBA Disaster Loan. There are links that will take you step by step through the process.
This second website gives you the application to apply for a Paycheck Protection Program (PPP).
Once you have completed the application, please deliver to the Bank by emailing your loan officer; John Guest at JGuest@cnb-brownwood.com, Bob Boatright at BBoatright@cnb-brownwood.com, and David Sheffield at DSheffield@cnb-brownwood.com. You may fax to (325)646-0867, or call Citizens National Bank at (325) 643-3545 for an appointment.
For any questions you may have, see the following weblink.
As always, feel free to contact us at CNB, and we will gladly be of assistance to you in any way possible.
Sincerely,
John P. Guest
President & CEO
NMLS: 1177309
Citizens National Bank at Brownwood
P.O. Box 1629
Brownwood, TX 76804
Phone: (325) 643-3545
Fax: (325) 646-0867
CNB offers a variety of consumer loans to meet your personal needs:
Click here for downloadable application. Documents to submit with Citizens National Bank Personal and Auto Loan Application: (Both Borrower and Co-Borrower)
Loans for new and used vehicles, boats, motorcycles, RVs, debt consolidation, taxes, and many others; CNB offers both secured and unsecured loans. Local lenders make decisions to provide for faster service, competitive rates, can adjust terms to fit borrower’s needs. If you would like to speak to a loan officer or have any questions please feel free to contact us at 325-643-3545.
We are your independent, locally owned mortgage lender committed to giving you the best customer service in town. We build relationships on trust and integrity, providing clear, honest information about the most important purchase you will make.
Our Mortgage Loan Specialists are trained to tailor each loan program to offer you the best rate and loan term for your lifestyle and future.
Click here for downloadable application. Documents to submit with Citizens National Bank Mortgage Application: (Both Borrower and Co-Borrower)
For more information, please contact:
325-643-3545 between 9:00 AM and 4:00 PM or email us at: ibdept@cnb-brownwood.com
Citizens National Bank offers a wide variety of loans for your new or existing business. Whether you’re starting a new business or just need equipment for you existing business, the friendly and experienced loan staff would be more than willing to assist you.
Click here for downloadable application. Documents to submit with Citizens National Bank Business Loan Application: (Both Borrower and Co-Borrower)
Commercial Real Estate
These loans are for businesses that need to purchase, construct, or remodel a building for manufacturing, retail, or office purposes. We offer both interim construction and permanent real estate loans.
Working Capital or Lines of Credit
For businesses that need short-term capital needs due to seasonal factors or various other factors, we offer short-term working capital loans. These loans can be either a revolving or non-revolving basis.
Equipment Loans
Equipment loans can be used to purchase business equipment such as plant equipment, trailers, or computer hardware or software, etc.
Floor Plan Loans
These loans can be used by business to purchase inventory for re-sale. Examples include vehicles, boats, R.Vs, trailers, etc.
Agriculture Loans
These loans can be used to purchase livestock, feed, or for care of livestock. Equipment loans for trailers, implements, etc. can also be done.
If you would like to speak to a loan officer or have any questions please feel free to contact us at 325-643-3545.
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Refinancing at a lower rate has the potential to save you thousands of dollars in the long run. However, for refinancing to be worth it, the savings in interest must be greater than the fees (i.e. points, closing costs) involved with the refinancing process. The refinancing calculator will take these fees into consideration and tell you how much you could save (or lose) should you decide to refinance at a lower rate.
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Factors in the costs and benefits of consolidating your debts to determine whats the financially best way to pay them off.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
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Calculates the most expensive car you can afford.
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The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
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Enter each transaction from your investment portfolio and determine your percentage yields before and after fees and taxes.
Estimates a monthly deposit amount in order to save to a million dollars.
Determines the return rate on an investment.
Computes what an amount invested today will be worth at some point in the future.
Compute the total amount you would be able to save with monthly deposits.
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Compute how much money you would need to start with to reach a savings goal.
Computes the monthly deposit amount needed to reach a savings goal.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
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Which is better, a Traditional IRA or a Roth IRA? Traditional IRAs offer tax-deferred earnings and tax-deductible contributions. Roth IRAs offer tax-free earnings, but contributions are not deductible.
Use this calculator to compute the amount you can save in a tax-deferred Traditional IRA. Contributions to your Traditional IRA are usually tax deductible now, but you pay taxes when you withdraw the funds in retirement.
Use this calculator to compute the amount you can save in a Roth IRA where you pay taxes on your income now, but withdraw the funds tax-free in retirement. Because this is a Roth IRA, your contribution limit is after taxes and your effective contribution limit is higher than a Traditional IRA. This calculator allows you to enter your annual deposit amount in "Before Tax" dollars so that the after tax deposit amount is automatically computed for you.
Use this calculator to find out how long you can make recurring withdrawals of a specified amount from your savings account.
Use this calculator to find out what rate of return you would need to make recurring withdrawals of a specified amount from an account.
Use this calculator to find out how much money you must have in your savings account to make recurring withdrawals of a specified amount.
Use this calculator to compute how much you will be able to regularly withdraw from your savings account before you run out.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.
Select your financial calculator below to begin.
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Your down payment exceeds the home price
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This calculator computes the payment amount necessary to satisfy a known lease amount, lease rate, residual amount, and number of payments
This calculator computes the payment amount necessary to satisfy a known lease amount, lease rate, residual amount, and number of payments.
The monthly payment calculated factors in both the principal and interest. It does not factor in other mortgages costs such as annual property tax, HOA fees, PMI, etc.
These financial calculators are made available as tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek advice from qualified professionals regarding personal finance issues.