Commercial Term Loans
First Resource Bank provides loans with principal repayment schedules for:
- Purchase of equipment,
- Acquisition of a new business line or
- Purchase of a business.
Our goal is to work with you to match the repayment to your cash flow.
We can provide a flexible advance schedule, a takedown period, for those situations in which the purchases have varied deliver dates. We will also set up a equipment line of credit to cover your periodic equipment purchases at pre-arranged terms and interest rates.
Please contact one of our loan representatives to discuss our products and current rates.