Horizon Bank N.A, will guarantee that business loan decisions are ready for the applicant by the next business day of the application being submitted for review. This next business day loan decision guarantee applies to new business loan applications that are up to $100,000 in amount, submitted via phone or in person, and taken Monday through Friday between the hours of 8:00AM – 4:00PM CST (9:00AM – 5:00PM EST). Applications are considered 'submitted' once the application is uploaded to the bank's electronic loan processing system. An electronic time stamp is placed upon the application for tracking purposes as soon as it is submitted.
Loan decisions for applications will be provided to a customer service representative of the bank and available to the applicant the next business day. All normal underwriting standards will apply to each loan request and if an approval is given, it may be conditional and subject to additional information needed prior to final approval of the loan request. If the loan is approved and the decision is not provided by the next business day of the submission of the application, the Bank will credit up to $250 towards the closing costs of the final loan.
This loan decision guarantee offer is for new loan requests – not for renewing of existing Horizon Bank loans – closed with Horizon Bank and is subject to change without notice, and may be modified or discontinued at the Bank's sole discretion.