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Fixed-Term Loans
Our term loans offer long-term financing for larger investments, like equipment, commercial vehicles or other capital improvements.
Features & Benefits
- Purchase fixed assets, restructure debt, or provide for ownership change and recapitalization
- 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 an Application
Contact Information
- Call 1-888-283-2303 or 330-996-6006
- Fax applications to 330-996-6078
- Visit your nearest FirstMerit branch
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