Based on the reliability and creditworthiness of pledges from corporate, foundation, and major individual contributors, NCB underwrites a portion of the organization's forecasted final pledge amount, thereby providing project capital today, often years ahead of when an organization would have otherwise begun its project.

SBA loans are guaranteed by the U.S. Small Business Administration and offer longer repayment terms and more flexible financing. SBA loans are ideal for small businesses that have limited working capital or that might not qualify for conventional bank loans. Advantages of SBA Loans include: Available up to 25 years, full amortized Available up to 90% of loan-to-value on first trust deeds Refinance owner occupied commercial property Finance leasehold improvements.

There are a number of benefits to creating an ESOP for the selling shareholder, the company and the employees, including: Higher employee productivity and job satisfaction Tax benefits for seller, company and employees Succession strategy Additional source of capital to fund acquisitions or other company projects.

ESOPS are appealing to businesses because they provide tax advantages. The business owner who is selling shares can defer capital gains taxes. The employees who participate are not taxed on the shares allocated to their accounts until they receive distribution. And the company making annual debt service payments on the ESOP loan is allowed to deduct both principal and interest.

Continuing care retirement communities (CCRC) provide an independent yet nurturing living environment for seniors. As seniors age, these communities provide higher levels of care and support services. CCRCs have three components: independent living apartments and cottages for those who require little, if any, assistance; assisted living, for residents who need some help with the normal activities of daily living such as eating and bathing; and, around-the-clock skilled nursing care should residents need this level of support.

Leasing is a contract which transfers the use of property (assets) in consideration of a payment over a specified period of time. Businesses utilize leasing to conserve working capital for other needs, manage their cash flow with fixed payments, upgrade systems as needed, and maximize tax benefits.

An undertaking by a financial institution that, upon the presentation to it of specified documents, it will pay a specified amount to the presenter.

A commitment to lend money to a borrower up to a maximum amount during a stated period.

A covenant is a promise to conform to specific guidelines as part of a loan agreement. Covenants help a lender monitor and control the loan.

A private debt placement is a security that is placed through private negotiations. The issue is sold directly to institutional investors without involving registration through the Securities and Exchange Commission. Many of the debt buyers are well-capitalized insurance companies who purchase and hold these securities in conjunction with their long-term investment strategies. Companies consider private debt placement when they encounter a need for a large amount of capital. Private placements offer extremely competitive interest rates and carry terms up to 30 years. The funds are generally used for refinancing debt, acquisitions, and capital expenditure programs. National Cooperative Bank offers its customers private placement services through its partnership with SPP Capital, a private international investment banking firm dedicated exclusively to the private placement market.

The 13 regional and 196 village member-owned, for-profit corporations created by Congress under the 1971 Alaska Native Claims Settlement Act (ANCSA) for the purposes of settling the aboriginal land claims of Alaska’s Native people. These corporations invest in a wide array of enterprises nationally and internationally in order to provide meaningful dividends and benefits to their Native shareholders.

To maximize our cooperative impact, NCB establishes relationships with cooperatives throughout the United States to provide access to a variety of best-in-class banking products to their business members. Examples of current affinity partners include the National Grocers Association, Ace Hardware, and Dunkin Donuts.

Pledge financing is a financing transaction whose primary source of repayment is pledges/gifts to the organization. For a community organization, the benefit of pledge financing is the freedom to move forward on a project without waiting for pledges promised in the fund-raising drive to be converted to cash.

A revolving credit means that a borrower can draw down funds for business purposes, repay the amount drawn and draw again up to the maximum agreed upon. In a non-revolving credit, a borrower does not have the flexibility to redraw on the funds paid.

SBA stands for Small Business Administration, a federal agency dedicated to helping small businesses get started and grow. The agency provides NCB, as an approved SBA lender, with guarantees on loans of up to 85 percent. For NCB as the lender, this means that we can be more flexible in the financial solutions we offer our small business customers.

Working capital is a business’ current assets less current liabilities.

If your organization is seeking to solicit support for an upcoming project through a fund-raising campaign, these are some of the most important issues to consider in looking to leverage gifts: (1) enforceability of pledges in your legal jurisdiction; (2) duration of pledge receivables; (3) the level of pledge support versus the level of debt contemplated; and (4) whether or not your organization is looking to use tax-exempt debt financing tools.

ESOPs are created for many purposes. For NCB customers, the primary reasons are to diversify the selling shareholder's investment in the company, and to give employees a stake in the company, ensuring a succession plan is in place for the company’s owner(s).