How can we help you?
Business Loan Financing
Business Lending | Loan Package | Credit Process | Personal Financial Statement | ChecklistBank of Ann Arbor is dedicated to helping small businesses succeed. We offer the advantage of local decision-making combined with the knowledge of our experienced commercial lending team. Whether you need to borrow money for capital equipment, real estate, cash flow, inventory or other business needs, our experienced lenders will work with you to create the loan structure that best fits your needs.
Types of Loans
Bank of Ann Arbor provides all the necessary tools for your business financing needs.
Lines of credit to take advantage of trade discounts, finance accounts receivable or inventory and provide short-term working capital when necessary.
Term loans for a specific time period of repayment used to purchase equipment or other fixed assets.
Term Loan Authorization. A preapproved term loan that can be utilized for a one year period to purchase equipment or other fixed assets.
Real Estate Mortgages to purchase or refinance commercial real estate or can finance new construction.
Letters of Credit to do business with foreign or domestic businesses.
Business Leasing
In the market for new equipment for your business? Our leasing program is simple and fast. Approval can take as little as one business day. Leasing can free up capital while creating a fixed payment schedule to simplify budgeting. Call a commercial officer today at 734-662-1600 to learn more.
Application Process
Our loan processing is fast, the rates are competitive, the terms flexible and our people are attentive and friendly. In order to begin the loan application process, you should gather some basic information to present to the lender. This information is necessary for us to make a fast and informed decision and provide you with the best rates and terms possible. This information is called the "loan package".
