Commercial Loans

For small to midsize companies looking for financing First Independence Bank offers a wide array of alternatives. We have diversified experience with manufacturing, governmental, retail, professional, health care and service businesses, to mention a few.

Your needs may be simple or complex. In either case, First Independence Bank can work with you to tailor the right lending package for your business.

• Real Estate Loans
  
• Term Loans
  
• Lines of Credit
  
• Letter of Credit
  
• Small Business Administration
  
• Guaranteed Loans
  
  

Starting a small business is no small job. There are people to hire, an office to set up and equipment to buy as well as other expenses that you never even considered.

But, even with all the obstacles, you know you could make the business work, if you got the chance. A Small Business Administration (SBA) Guaranteed Loan could give you the chance you need.

Maybe you need a longer amortization schedule, or you're low on collateral. An SBA Guaranteed Loan may allow for all that. As long as you can display an ability to repay your loan, you could still qualify.

SBA loans usually have a variable rate, which is adjusted quarterly. Monthly payments are based on your final loan amount.

It's no secret. It takes money to run a business. And, at times, your financial needs are grater than the amount of cash you have on hand, no matter how successful your business is.

A First Independence Bank Commercial Term Loan can help you make the purchases you need to help your business grow. You can pay for them over time, instead of making a lump-sum payment which may negatively impact your operating budget.

Use this loan to replenish working capital or purchase fixed assets. It can be amortized over a flexible number of years.

The terms on this loan are usually five to seven years and subject to compliance with the terms of agreement.

Maybe you're buying a building as an investment, or you need space for your own company. Either way, money has to weigh heavily on your mind. You need financing that fits your business plans and expectations.

With a First Independence Bank Commercial Real Estate Loan, you can amortize your loan over an extended period, so your payments are lower. And, when the loan matures in five to seven years, you can pay the balance in full or refinance. And, there's no prepayment penalty for early payoff. It's up to you.

Want to find out more? Ask any of our Commercial Loan Officers. Please call us at 313-256-8400.