Loan Comparison Details

Best UseTermMinimum Monthly PaymentCollateral


Term Loans

Best Use


Finance office equipment, manufacturing equipment, computers, vehicles, and more.

Term


Up to 7 years

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Equipment, vehicles or business assets


Real Estate Mortgage

Best Use


Purchase initial or additional property, renovate current facilities, or relocate.

Term


Varies

Minimum Monthly Payment


Principal and interest based on amortization.

Collateral


Commercial, residential, or multi-family real estate


Business Checking Plus

Best Use


A short-term working capital revolving line of credit that attaches to your business checking account.

Term


Open end

Minimum Monthly Payment


Interest only payments

Collateral


Typically unsecured; may require collateral


Business Line of Credit

Best Use


A flexible short-term credit line for operating expenses or small capital expenditures.

Term


Varies; typically 1 year maturity

Minimum Monthly Payment


Interest only payments

Collateral


Commercial real estate and/or business assets