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We can assist you when looking to acquire a business or franchise, purchasing equipment,
if you need an infusion of working capital, or are buying real estate your business will occupy.
- Based on cash flow from business
- Longer repayment terms than conventional loan. Terms from 7 to 25 years with no balloon payments or call options.
- Great option for franchises, hotels/motels, service businesses
- Helps cover collateral shortfall
We have a full array of loan programs designed to solve your borrowing requirements.
SBA 7(a)
SBA 7(a) loans can be used for most legitimate long term business borrowing needs. Typical loan uses include the purchase, construction or improvement
of owner-user commercial real estate, business expansion, business acquisition, franchise financing, equipment purchase, debt refinance, and working capital.
Some highlights of the SBA 7(a) Loan Program include:
- Financing options unavailable under conventional terms
- Long-term financing (up to 25 years)
- Fully amortized loans with no balloon payments
- Low down payment to conserve working capital
Loan amounts up to $2,000,000
SBA 504 Loan Program
The SBA 504 Loan Program may be just what you need when you make a substantial fixed asset purchase,
such as a new building or a large piece of equipment. SBA 504 loans are designed specifically for these purposes.
This loan program works as the combined effort of Mutual Bank and an approved SBA lending partner licensed by the
Small Business Administration to provide a highly leveraged, competitively priced loan for your small business.
Some highlights of the SBA 504 Loan Program include:
- Low fixed and variable rates available
- Down payment as low as 10% preserving vital working capital
- Long-term, fully amortized loans with no balloon payments
- Project amounts up to $10,000,000
- Real estate must be 51% owner occupied for existing buildings and 60% owner occupied for proposed construction
Related Products and Services:
>> Checking
Accounts
>> Direct
Deposit
>> Certificates
of Deposit
>>
Phone Access Line
>>
Safe Deposit Boxes
For more complete information, contact
your loan officer or call 1-877-637-3111.
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