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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 Finance Center for more information.

Finance Center
64 S. Washington Street
Oxford, MI 48371
248-693-7473 phone

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