As an ambitious business owner, you strive to stay agile, swiftly responding to crises and opportunities. Working with a commercial lender that slows up the process, isn’t equally as responsive, or doesn’t think proactively, is frustrating. At First Business Bank, we make decisions locally and rapidly, so you get loan answers when you expect and need them.
Our Commercial Lending experts prioritize your needs — in fact, that’s built right in to our niche business model and is a tenet of our bank’s culture. And you can rest assured you’ll be dealing with experts who have extensive experience across a range of industries. We choose local, key decision-makers for our board. They live here, raise families here, and have a personal, vested interest in the shared success of our clients and our community.
BUSINESS CREDIT SERVICES
Your growth strategy deserves a financial partner who works quickly and
diligently — one who knows your story and is positioned to help you achieve now and in the future.
Lines of Credit
- Improve cash flow and cash management options with low monthly interest-only payments
- Manage funds with floating interest rate
- Access available funds immediately
- Increase line availability as business and collateral grows
Draw Notes
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Flex purpose and collateral when not all money is spent at once
- Keep expenses low as interest accrues only on balances outstanding
- Explore various payment options
- Examine multiple rate options
- Simplify purchase of machinery and equipment
term loans
Fix note payments for up to five years — occasionally longer
- Pay loans over period of time; normally less than the useful life of the collateral
- Budget easily with equal monthly payments
- Smooth cash flow for asset purchases
- Flexible rate structure
COMMERCIAL REAL ESTATE — CONSTRUCTION LOAN
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Achieve low monthly payments
- Explore short-term options
- Budget conveniently since no principal payment is required until completion, when rent payments are received
- Choose the rate type
- Manage cash flow on regular basis
COMMERCIAL REAL ESTATE — MINI-PERM
Choose between a fixed or variable rate
- Lower expenses due to low monthly payments with up to 25-year amortization
- Secured by commercial real estate
- Enjoy fixed notes and payments for up to five years, occasionally longer
- Choose from multiple rate options
STANDBY LETTERS OF CREDIT
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Achieve low monthly payments
- Explore short-term options
- Budget conveniently since no principal payment is required until completion, when rent payments are received
- Choose the rate type
- Manage cash flow on regular basis
DOCUMENTARY LETTERS OF CREDIT
Use for international commerce: transferable, partial shipment, revolving, back-to-back, in which credit can be used as collateral, or red clause, in which credit can be drawn before shipping
- Increase cash flow since interest is only charged once draw is made
- Purchase goods and services that otherwise need payment in advance
- Reduce expenses since it costs less than borrowing funds
Business credit cards
Enjoy multiple credit limits for individual needs that aggregate at company master level
- Divide credit line among many credit cards based on purchasing needs
- Access account information online easily
- Pay online
- Easily manage employee expenses
- Create reports online
