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What you need to succeed
At FirstMerit, we are dedicated to the growth and success
of your business. Our dedication has helped us earn national recognition for overall customer satisfaction. We typically
provide Asset-Based Loans in the $1,000,000 - $25,000,000 range. Based upon industry standards, we provide you with capital by lending specifically on accounts receivable and inventory. We offer loans with amortizations up to 15 years (extended terms on real estate available) and leases up to
seven years with up to 100% financing available
Strength in Collateral
To maximize the value in your assets, we take the time to recognize the values and risks in your accounts receivable, inventories, machinery and equipment and commercial real
estate. Highly experienced in the field, FirstMerit Bankers
possess the expertise to construct the ideal financing program
for you and your business. We offer a comprehensive package
of financing solutions including:
- Lines of Credit
- Floorplan Lines of Credit
- Machinery and Equipment Loans and Leases
- Commercial Real Estate Mortgages and Construction Loans
- Term Loans
- Letters of Credit
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Special Accommodations
- Government receivables
- Commodity inventories
- Foreign receivables
- Strategic supply chain terms
- Seasonality
Why an Asset-Based Loan?
To assist our customers, we provide Asset-Based
Loan packages designed to:
- Increase funding availability
- Maximize operating flexibility
- Help you take advantage of growth opportunities
- Improve your returns on assets, investments and equity
We extend financing for:
- Growth and working capital
- Ownership transition and estate planning
- Levered transactions
- Recapitalization
- Restructures
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