A term loan can be used to secure the capital needed to meet a broad range of business goals, making it one of your most versatile borrowing options. You can use the money to purchase vehicles or equipment, finance expansion or acquisitions, or refinance debt. Fixed or variable rates are available and repayment terms can be customized to meet your cash flow needs.
Commercial Real Estate Financing
Main Street Bank offers many options to fit your needs. We can finance commercial, industrial, retail and income-producing property. If you are buying or refinancing real estate, we can provide a long-term commercial mortgage with attractive terms. We will partner with you to ensure the repayment terms to accommodate your cash flow.
Lines of Credit
With a line of credit at your disposal, you can be confident of having immediate access to working capital when you need it. Commercial credit lines are commonly used to make smaller purchases, meet seasonal operating expenses, finance materials, manage cash flow or receive cash in an emergency. You will be billed monthly for the interest on any funds you advance. The principal can be paid back as your cash flow allows.
A commercial lease allows you to secure the equipment you need without having to tap your cash reserves. Additionally, leasing provides tax benefits by creating a deductible expense out of an acquisition that might otherwise go on the books as a depreciating asset.
A lease may work well for the following needs: Computers, software, telecommunications systems, office furniture, vehicles, machinery… almost anything.
Small Business Administration (SBA) Loans
Main Street Bank can also provide the financing you need through alternative lending programs sponsored by the Small Business Administration. These loans offer favorable terms for eligible borrowers. Ask us for more information about available programs.
*All loans subject to credit review and approval.