Business Express Lending
Specialized lending for loans up to $1 million, we help businesses purchase new facilities, equipment, investment real estate and provide needed working capital. Low documentation, flexible loan products and fast decisions are all offered in Business Express.
- Customized lending for businesses with up to $7.5 million in annual sales revenues
- Borrow from $10,000 to $1 million
- Commercial real estate, equipment, accounts receivable and working capital lines of credit available
- Work with a dedicated, local business relationship manager for all your deposit, treasury management and loan needs
- Fast and convenient with minimal paperwork
- Variable and fixed rates with a variety of terms available
- Loan requests are generally answered within 24 to 48 hours
To learn more, contact a business relationship manager directly, complete the online Business Express loan application or visit any MidFirst banking center.
Commercial Real Estate Purchase or Refinance
- Owner-Occupied Commercial Real Estate Purchase or Refinance at up to 85% loan to value
- Up to 10 year maturity options with amortization options up to 25 years
- 15 year term available with 15 year amortization option
- 25 year amortization option available with 80% loan to value
- Pricing and fees: Fixed-rates available. Origination fee of .50% of commitment amount, underwriting fee of $250 and other third-party real estate and recording fees apply
Commercial and Residential Real Estate Investment
- 80% loan to value
- Up to 10 year maturity options with amortization options up to 20 years
- Pricing and fees: Fixed-rates available. Origination fee of .50% of commitment amount, underwriting fee of $250 and other third-party real estate and recording fees apply
Equipment Loans
- Up to 84 month terms fully amortized — new equipment
- Up to 60 month terms fully amortized — used equipment
- Loan to values up to 100% — based on type and age of equipment
- Pricing and fees: Fixed-rates offered. Underwriting fee of $250 and other recording fees associated with equipment
Lines of Credit for Working Capital
- 36-month maturity with principal due or renewable
- Interest payment only — due monthly
- Secured by all business assets, accounts receivable and inventory. Unsecured and real estate secured available
- No additional paperwork required for advance requests
- Pricing and fees: Variable rate tied to prime depending on amount and relationship. Underwriting fee of $250, annual line fee of $250, and customary recording fees
Vehicle Loans
- Up to 72 month terms fully amortized — new vehicles
- Up to 60 month terms fully amortized — used vehicles
- Loan to values up to 110% — available based on credit, business strength and age of vehicle
- Pricing and fees: Fixed-rates offered. Underwriting fee of $250 and customary recording fees