Business Lending
Commercial Real Estate Loans
Commercial Real Estate Loans require specific expertise to tailor financing solutions that meet your strategic goals in an ever-changing real estate market. Our experienced commercial bankers are easy to do business with, have local real estate knowledge and a wide range of financing options for a customized solution. The result is a comprehensive plan that matches your business goals.
Learn More
Commercial Real Estate Loan Types
- Purchase, refinance and construction financing options available
- Owner-occupied or investment properties
- Land acquisition and development
- Remodeling, rehab or expansion
- Industrial/Warehouse
- Apartment/Multi-family
- Senior Housing
- Office
- Retail
- Hospitality
- Self Storage
- Student Housing
- Specialty/Mixed use
Commercial Term Loans
Provide a source of longer term funding for equipment purchases, vehicle purchases or other needs.
Learn More
- Purchase or refinance owner/user real estate
- Purchase equipment
- Construct, expand or add a 2nd location
- Buy, sell or transition ownership in your business
- Fixed and floating interest rate options available
Business Lines of Credit
Provide a source for short term funding needs and seasonal production peaks. Easily manage seasonal cash flow fluctuations, quickly add inventory, upgrade equipment, or other needs.
Learn More
- Revolving line of credit
- Repayment is typically interest only on a monthly basis
- Unsecured option keeps smaller financing solutions simple
Equipment Financing
Finance all of your capital equipment that your business requires to stay competitive and profitable. It is an excellent complement to your existing finance strategies.
Provides leverage financing to your capital equipment.
Learn More
- Preserve working capital with little or no down payment
- Avoid obsolescence and increase efficiency with up-to-date equipment
- Structure payments to match your cash flow
- Cut costs with low, fixed-rate financing
- Limit costs and save on taxes
- Step-up monthly payment structures
Provides all types of businesses options, such as:
- Healthcare/Medical Equipment
- Manufacturers
- Furniture/Fixtures/Equipment
- Agricultural
- Construction
- IT – Hardware/Software
Offers many types of cost-effective lease options:
- Operating Lease – Lease equipment and treat the cost as an operating expense.
- Lease Purchase Agreement – Provides your business a cost-effective and flexible way to acquire and own new or used equipment.
- Terminal Rental Adjustment Clause (TRAC) – Offers similar benefits as an Operating Lease with select titles vehicle lease.
Small Business (SBA) Loans
MidCountry Bank is a community bank with big bank expertise. MidCountry Bank’s business experts understand your business needs and are dedicated to helping you succeed. We are a SBA Preferred Lender and proud member of the National Association of Government Guaranteed Lenders, also known as NAGGL. Our Business Bankers deliver a simple process designed to help your business grow. Choose from one of the Small Business Administration financing solutions offered by MidCountry Bank and take advantage of affordable and flexible terms at competitive loan rates. All financing is subject to credit approval and SBA eligibility.
SBA 7(a) Term Loan
The 7(a) loan program is the SBA’s primary loan program for providing financial assistance to small businesses. 7(a) loans can be used for various business needs including working capital, equipment purchases, real estate acquisition, refinancing debt, and even business expansion.
Learn More
Key Benefits
- Offers single and multiple disbursement term and real estate loans
- Use your loan for working capital or to purchase a business, inventory, or land for construction
- Ideal for businesses that need funds for expansion, purchase another business or manage cash flow
- Effective financing tool for experienced business owners who are starting a new business
- Offers lower down payments compared to other types of business financing
- Provides funding for start-up costs, equipment, inventory and working capital
- Offers you longer terms and lower payments to free up cash flow while you grow your businesses
Loan Options
- Fixed or variable interest rates
- Credit Amount: Term Loans up to $5 million
- Repayment Terms
- Working Capital: up to 10 years
- Equipment: up to 10 years
- Real Estate: up to 25 years
SBA Express
SBA Express Loans are a popular option for small businesses seeking expedited access to funding. As part of the SBA’s 7(a) loan program, these loans offer streamlined processing and faster approval times compared to traditional SBA loans, making them ideal for businesses with urgent financial needs.
Learn More
Key Benefits
- Fast Processing: Lenders have delegated authority, leading to quicker approval times
- Versatile Use of Funds: Can be used for various purposes like working capital, equipment purchases, and debt refinancing
- Competitive Terms: Interest rates are capped, and repayment terms are favorable
- Flexible Options: Available as both term loans and lines of credit
Loan Structure
- Loan Amount: Up to $500,000
- Repayment Terms:
- Term loans: Up to 10 years (up to 25 years for real estate)
- Lines of credit: Up to 10 years
SBA 504 Term Loan
This loan is designed for business owners who plan to expand their operations through land acquisition, building acquisition or construction, finance equipment, equipment purchase, or refinance.
Learn More
Key Benefits
- Offers a long-term fixed rate
- Allows you to expand or construct owner-occupied real estate
- Allows you to purchase major or long-term equipment
Loan Structure:
- Loan amount up to $5,500,000
- Repayment options: 10 years, 20 years, 25 years
- Down payment: 10% – 20%
Not sure where to get started? Let us help you.
Contact a representative to start your business banking experience.
