Business Loans & Lines

Banking solutions that fit your company's unique needs.

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Business Term Loans

Best if you are looking for: Financing for a defined business expense or longer-term investment.

Get financing for planned investments, expansion, or other significant business needs with predictable repayment over a set term.

Michigan First business term lending may include conventional financing as well as eligible SBA, MEDC, and USDA loan programs.

Explore Business Term Loans

Business Equipment Loans

Best if you are looking for: Financing to purchase or refinance business equipment.

Finance the vehicles, machinery, technology, and specialized equipment your business needs to operate, modernize, or expand.

Michigan First offers equipment financing for needs ranging from vehicle fleets and general business equipment to construction, farm, and specialized equipment.

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Business Lines of Credit

Best if you are looking for: Ongoing access to working capital rather than a one-time loan.

Get flexible access to funds when your business needs extra working capital.

A business line of credit can help with inventory purchases, seasonal expenses, staffing needs, equipment upgrades, or periods when cash flow is tighter than usual.

Explore Business Lines of Credit

Commercial Real Estate Loans

Best if you are looking for: Financing tied to commercial real estate or property improvements.

Finance the purchase, construction, expansion, renovation, or refinancing of commercial property.

Michigan First provides financing for eligible properties including office buildings, shopping centers, industrial facilities, and apartment complexes.

Explore Commercial Real Estate Loans

Guidance from a business lending team

Choosing the right type of financing depends on more than the amount you want to borrow. Your timeline, cash flow, purpose for the funds, collateral, and long-term plans can all play a role.

Our Business Development team can help you review your financing needs, understand available options, and determine which solution may fit your business. Michigan First also partners with Michigan Business Connection for certain business lending programs.