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BUSINESS BANKING - Loans - Term Loans
Term Loans - can provide access to cash for long-term financing needs.
| | Normal Uses: | | Purchase of machinery & equipment, and other fixed assets. |
| | Terms: | | Generally range from 3 to 5 years. |
| | Rates: | | Fixed or variable. |
| | Fee: | | Varies depending on loan. |
| | Collateral: | | First lien on equipment & machinery, accounts receivable, or inventory. (Other collateral may be required.) |
| | Support: | | Personal guarantees are generally required. |
Stop by or call our Commercial Loan Office for more
information.
Commercial Loan Office
720 North Lapeer Road, Suite #201
Lake Orion, MI 48362
248-693-7473 phone
248-693-7825 fax
map
Business Banking Resources
Learn the Basics of Credit Reports and Scoring
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