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Loan Products
Our experienced business lenders can help you develop a custom loan program to fit your needs.
Business Term Loans
- Purchase or refinance real estate
- Purchase or refinance equipment
- Provide long-term working capital
- Consolidate business loans
Business Lines-of-Credit
- Leverage accounts receivable
- Provide for short-term working capital needs
Construction Lines-of-Credit
- Owner-occupied and non-owner occupied properties
- “Sold” builder jobs
- Builder “spec” properties (some restrictions apply)
“Multi Lines”
- Allows for quick funding for loans throughout the year
- Pre-approvals for multiple term loans
- Equipment
- Vehicle purchases
- Other
- Lines-of-credit
- Constructing multiple properties
Government Assisted Loan Programs – Ann Arbor Commerce Bank, through its Government Guarantee Lending Division is a Preferred Lender with the U.S. Small Business Administration (SBA) guaranteed loan programs. As a Preferred Lender, we have the expertise and ability to expedite your SBA loan request. We participate in various SBA loan programs designed to suit your short-term and long-term borrowing needs.
- SBA 7(a) Loan Program – The SBA’s primary loan program. It provides financing to assist with the acquisition of real estate, machinery, or equipment as well as working capital needs.
- SBA 504 (CDC) Loan Program – This program provides long-term financing for fixed assets such as land, buildings, improvements, and long-term equipment, through participation of a Certified Development Company (CDC).
- SBA Express Loan Program - This program is very streamlined and designed to provide access to financing for small businesses. The SBA Express program has reduced documentation requirements and provides a quick approval process. Lines of credit are available under this program. The bank utilizes its own documentation to approve and service loan requests.
Related Loan Products
Conduit Financing
- For larger, qualified commercial properties
- May provide low, long-term fixed rates
- Minimum or no recourse for the owner
Leasing Services
Some products include:
- Operating Leases
- Sale Leaseback
- New and Used Equipment
- Vendor Programs
Leasing Benefits
- Various leasing benefits may apply
Begin Your Application Process Today...
To apply for a loan with Ann Arbor Commerce Bank, please submit the following items:
- Last two fiscal year-end financial statements prepared by your Certified Public Accountant, or Federal tax returns for the last two fiscal years
- Year-to-date interim financial statement for the business
- Owners/partners (10% or greater interest) personal tax returns for the last two years, including all schedules
- Personal Financial Statement for owners/partners (10% or greater interest)
Upon receipt of your financial information, additional information may be requested.
Call our direct line, 734.887.3200 or contact Jim Jeszke if you have questions, need more information, or to set up a convenient time for us to discuss our loan products with you.
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