Business Loans
Discover how easy it is to apply for a business loan with First Commercial Bank on your side.
Get the funding you need to build your business.
Building a business sometimes takes more than a great plan—it requires extra capital. And just as every owner’s plan is different, so is each of their financial needs. That’s why business lending at First Commercial Bank isn’t a one-size-fits-all solution; each business loan is personally built with you and your company’s goals in mind. Whether you’re expanding inventory or purchasing equipment, the bankers at First Commercial Bank will work closely with you to discuss business loan rates and help you select the perfect business lending solution for your needs.
Need additional help figuring out your business loan? Head to our Business Loan Calculator.
FEATURES YOU'LL LOVE:
- Available for loans starting at $25,000
- Fixed or floating interest rate
- Available for purchase or refinance
- Collateral is required and may include accounts receivable, inventory, machinery and equipment, real estate, marketable securities, cash, and/or certificates of deposit
- Up to five year amortization (seven years in select circumstances)
- Repayment terms include principal and interest
TO BE ELIGIBLE FOR BUSINESS LENDING, YOUR BUSINESS SHOULD:
- Meet established lending requirements and obtain credit approval
- Be established for at least two years (three years if requesting an unsecured line of credit)
- Have a satisfactory business and personal credit history
- Have no bankruptcies
- Be profitable with sufficient cash flow to meet both your new and current financial obligations
- Have adequate business income to support the term loan with no reliance on investment income
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Loans and lines of credit are subject to credit review and approval and underwriting terms and conditions. Loan repayment via auto-debit from a First Commercial Bank checking account is required for all loans. Established credit criteria must be met. Apply at your local First Commercial Bank branch. Fees may include a set-up fee, annual fee, and out-of-pocket costs.