Business Loans & Financing

Business Loans

Commercial Real Estate and Construction Loans

First Business Bank offers commercial real estate loans to finance the construction, purchase, or refinancing of multi-family buildings, industrial/warehouse buildings, office buildings, retail buildings, or other real estate property used for your business. 

  • Features and Benefits:
  • Local service and decision-making
  • Maximum financing of 90% on owner occupied property or 75% on investment property
  • Up to 25 year amortization
  • Five or ten year balloon periods
  • Fixed or variable interest rates
  • Competitive interest rates with low closing costs

Express Business Loan and Line of Credit

At First Business Bank, we know how valuable time is to any growing business. Instead of subjecting your business to a complicated process of endless paperwork, the Express Business Loan and Line of Credit allows you to obtain financing quickly. Within 24 hours, your business will have a decision on your loan. Within 48 hours, we can have that loan booked and ready for you to use.

  • Features and Benefits:
  • 24 hour turnaround time on loan decisions with a complete application
  • One page application without additional financial statements and tax returns
  • Competitive interest rates and fees
  • Interest only payments with principal due at maturity for lines of credit
  • Principal and interest only payments for term loans

Revolving Line of Credit

First Business Bank offers lines of credit to assist your business finance working capital and short term needs. This financing can support the continued growth of your business. Payment terms are interest only with principal due at maturity. You can also access as much or as little as you need.

  • Additional benefits include:
  • Local decision makers to expedite the process
  • A dedicated business banker who will handle the unique needs of your business
  • Competitive interest rates and fees for full banking relationships
  • Online access – any day and all day

SBA 504 Loan

What is an SBA 504 Loan?
The 504 loan program is a long-term financing tool to encourage economic development within a community. The program provides growing businesses with long-term, fixed-rate financing for major fixed assets such as buildings.

How Can Loan Proceeds Be Used?

  • Proceeds must be used for fixed asset projects such as:
  • Purchase of land or improvements to existing buildings such as grading, utilities, parking lots and landscaping
  • Construction of a new building, modernization, renovation, or conversion of existing facilities
  • Purchase of long term machinery or equipment

Who Qualifies for an SBA Loan?
To be eligible, the business must be operated for a profit and fall within the size standards set by the SBA. The business must not exceed tangible net worth in excess of $7.5 million or an average net income of $2.5 million after taxes for the last two years. The business must be owner-operated and for-profit. The business must be organized as a sole proprietorship, corporation, partnership or limited liability company.

Term Loans

First Business Bank offers term loans to assist your business finance long term needs such as equipment financing or tenant improvements. Payment terms are principal interest.

  • Additional benefits include:
  • Local decision makers to expedite the process
  • A dedicated business banker who will handle the unique needs of your business
  • Competitive interest rates and fees for full banking relationships
  • Online access – any day and all day