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Five “C’s” of Credit

As a business owner you have heard about the five “C” of credit and how they impact your business to acquire a business loan. The Five “C” of credit are character, cash flow, capital, collateral and conditions. Check out our video to find out more details about the five “C” of credit.

Cash vs. Accrual

There is a difference between accrual and cash accounting. The basic difference between the two approaches to the bookkeeping of a business is in timing. Check out our video about the differences between cash and accrual accounting.

Cash Flow

A financial statement for a business has three parts. The balance sheet, which shows the assets and liabilities of the company, the income statement, which shows the gross sales, expenses, and net profit of a business, and the cash flow statement, which combines the changes that have occurred on the balance sheet and the activity on the income statement. Check out our video to find out more on cash flow.

Corporate Documents

The corporate documents of a business establishment that it is a legal, recognized entity as well as whom within the business can do what, such as make the decisions to acquire debt, open accounts, and transact business with other entities. To open a bank account, whether checking, savings, or a loan, a bank needs the full set of those documents to know who can legitimately open the account or get a loan. Check out our video to find out more about corporate documents needed for a loan.

Business Ownership

If you are an entrepreneur looking to start your own business, there are a number of things you need to consider, but one of the first things is how you are going to set up the ownership structure of your business as it will impact your personal liability and your taxes. There are several structures available, the 5 most common are a Sole Proprietor / a Partnership / a Limited Liability Company/ an S-Corp, and a C-Corp. Check out our video to find out more about ownership structure.

Consumer vs. Commercial

Commercial loans and consumer loans are very different types of loans and have a different analysis done by the institution offering the loan. A consumer loan, by its definition, is used for purchasing something you intend to use just for yourself or your family. A commercial loan is more of a forward-looking loan and made to a business entity specifically to help produce income, whether that is by purchasing a building for a business to operate more efficiently out of or buying a piece of equipment that will expand what the business does, thereby improving its ability to improve cash flow.  Check out our video to find out more information about commercial and consumer loans.

Current Promotions

Fish Ruler & Info Packet

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Northview Bank wants to measure up your memories, and provide you with a complimentary fish ruler. Just click below and we’ll send you a fish ruler, and a vacation property packet.

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Game License Holder & Info Packet

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Northview Bank wants to provide you with a complimentary game license holder for your hunting season. Please fill out the information below and we’ll send your game license holder and information packet.

Game License Holder & Packet

Big Buck Contest


Northview Bank wants to see your trophy deer and your hunt could make you a winner! Click below to see contest dates, terms and conditions.

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2024 Calendar Contest

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Enter photos that capture the character of the areas we do business in! If your photo is selected for inclusion in the 2024 calendar, you will receive photo credit in the calendar.

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