Our term loans offer long-term financing for larger investments, like equipment, commercial vehicles or other capital improvements.

• 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

• Call 1-888-283-2303 or 330-996-6006
• Fax applications to 330-996-6078
• Visit your nearest FirstMerit branch

Revolving (Seasonal) Line of Credit Our seasonal revolving line of credit can help you manage fluctuating cash flow; it is ideal when you need short-term working capital. Features & Benefits Borrow money for short-term needs Increase inventory, carry accounts receivable and pay expenses Line can be renewed from year to year Credit limit based on your company's current asset levels. Borrowing availability increases as your assets increase, so that your line grows along with your company Sweep lines are tied to your business checking account, with automatic line advances and paydowns Variable interest >> Download an Application		Business Equity Line of Credit A FirstMerit Business Equity Line of Credit enables you to use your home as collateral while building credit history in your company's name. Features & Benefits Up to 80% of your equity is available Flexible - use only when you need it Low $150 application fee Great way to establish credit in your business name Checks and access card are in your business name Simplify bookkeeping - separation of use of funds for tax purposes >> 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

Our commercial real estate loans can help you improve, expand, refinance or purchase your commercial property.

• Term loans to purchase, refinance, construct, or expand owner-occupied commercial real estate
• Amortization typically does not exceed 15 years (up to 20 years on new construction)
• Maturities are typically five-year balloons, but may be longer if needed
• Variable or fixed rates that reprice at three, five or seven years

• Call 1-888-283-2303 or 330-996-6006
• Visit your nearest FirstMerit branch

As a preferred Small Business Administration (SBA) lender, we can provide a variety of government-sponsored loans. A FirstMerit business banker will be happy to provide you with more information.

• Call 1-888-283-2303 or 330-996-6006
• Visit your nearest FirstMerit branch