Fixed Term Loans

Fixed Term Business Loan Details

Loan Description

Ideal for businesses needing to restructure debt or finance larger investments, like equipment and other capital improvements.

Features & Benefits

  • Debt can be repaid over a longer term that more closely matches the useful life of the asset being purchased
  • Longer repayment term can be tied to your company's ability to generate cash, in case of a permanent line conversion or recapitalization
  • Amortization and maturity dictated by purpose, usually not exceeding five years
  • Variable or fixed interest rates

Download Application



Let's Talk

  • Call: 888-283-2303
  • Fax loan application to: 330-996-6078
  • Visit the nearest FirstMerit branch

 

 

Subject to credit approval.