Loans

 

Term Loans

Term loans offer long-term financing for bigger investments, like plant expansion, equipment, fixed assets or capital improvements. Fixed and variable rates are offered.  With the fixed rate option, you can lock in your rate so you will know exactly what your monthly payment will be for the term.  A term loan is a versatile borrowing option that can be used to -

  • Finance expansion or acquistion
  • Refinance debt
  • Secure capital needed to pay for vehicles or equipment



Commercial Real Estate Loan

We can help you improve, expand, refinance or, if you are ready to stop paying rent, purchase your commercial property. Loans are customized with a wide variety of finance options, including both fixed and variable rates and various amortizations to help meet your cash flow needs. Whether you want to own your own space, build equity in your future, or expand and create the office that you need to succeed, Bancorp can help.


Lines of Credit

Revolving Line of Credit

A revolving line of credit can help you manage your cash flow, and is great for short-term credit needs like operating expenses, working capital and seasonal purchases.  Terms can be matched up to best meet your needs.  Some benefits to having a Line of Credit include –

  • Ensures working capital when you need it
  • Ideal for small purchases
  • Acquiring seasonal inventory
  • Temporary cash flow
  • Credit line can be linked to your checking account to provide overdraft protection

 

Commercial Leasing 

Looking for a cost effective, cutting edge, versatile, fiscally sound way to increase you businesses potential? Commercial Leasing with gives you that plus more. Some benefits of Commercial Leasing:

  • Provides 100% financing and tax benefits that can help your company’s cash flow requirements
  • Keeps you on top of cutting edge equipment
  • Removes the burden of ownership
  • Allows you to lease almost anything



Commercial Leasing Details:

  • Lease agreements from $5,000 to $10,000,000 and up
  • Flexible terms that include renewal and return options, trade-ups, early terminations and extensions
  • Shipping delivery and freight costs can be structured into the lease
  • Periodic payment structures ranging from monthly, quarterly, semi-annually, or annually
  • Long term leases



SBA (Small Business Administration) Loans

 is a preferred SBA lender and we are the 6th largest provider of SBA loans in Michigan and in the top 100 in the United States.  We offer a variety of SBA loans to benefit businesses that may not meet the usual collateral or cash flow requirements. Depending on your need, we can tailor a loan to get you started or help you expand your business. SBA loans can be used to purchase real estate and equipment, working capital lines of credit and for the acquisition of a business. Additionally, extended terms are available as well as other loan opportunities utilizing special programs.  Our SBA specialist's, Ryan Kroge and Chris Flann, will be happy to assist you with your small business needs. 

SBA America's Recovery Capital Loan Program