Lenders
Consumers National Bank
Consumers National Bank is a community bank headquartered in Minerva, Ohio, serving Northeast and Eastern Ohio. Its commercial real estate loans finance the purchase, renovation, or development of business space.
Commercial real estate lending covers office buildings, retail and shopping centers, apartment buildings, hotels, restaurants, and industrial buildings. Terms run 3 to 20 years with fixed and variable interest rates, and the bank says a down payment is usually 20 to 30 percent of the purchase price, with the property securing the loan much as a residential mortgage does. A local approval team that works the northeastern Ohio market handles the process.
The bank also offers commercial construction loans, equipment loans, business term loans, treasury management, ACH payments and payroll, remote deposit capture, merchant card processing, and zero balance and sweep accounts, alongside personal banking, mortgages, and home equity lending.
The bank has served Ohio communities since 1965, operates more than 20 branches across Northeast and Eastern Ohio, is FDIC insured, and carries NMLS #561314; its shares trade on the OTCQX under the symbol CBKM. Customers also get surcharge-free access to the MoneyPass network of approximately 40,000 ATMs. Loan minimums, recourse terms, and cash-out policies are not published.
Best for
Northeast and Eastern Ohio business owners and smaller investors buying or renovating office, retail, apartment, hotel, restaurant, or industrial space who can put 20 to 30 percent down and want local underwriting.
What they do
- Commercial real estate loans
- Commercial construction loans
- Equipment loans
- Business term loans
- Treasury management services
- ACH payments and payroll
- Remote deposit capture
- Merchant card processing
- Zero balance and sweep accounts
- Business checking and savings accounts
Details
| Attribute | Value |
|---|---|
| Founded | 1965 |
| Ownership | Public |
| Other offices | Canton, OH, Alliance, OH, Massillon, OH, Fairlawn, OH, Boardman, OH, Green, OH, Hartville, OH, Louisville, OH, Salem, OH, Lisbon, OH, Carrollton, OH, Wellsville, OH |
| Licenses | NMLS #561314 |
| Lender type | Bank |
What stands out
- Commercial real estate loans run 3 to 20-year terms with fixed and variable rates; the down payment is usually 20 to 30 percent of the purchase price.
- Has served Ohio communities since 1965 and operates more than 20 branches across Northeast and Eastern Ohio.
- FDIC-insured community bank carrying NMLS #561314; its shares trade on the OTCQX under the symbol CBKM.
- Customers get surcharge-free access to the MoneyPass network of approximately 40,000 ATMs nationwide.
- Loan approvals are made by a local team that works the northeastern Ohio market.