Business Installment Loans
When you want to expand your business or purchase new or additional equipment, a business installment loan may be the ideal solution. With Midwest Bank's business installment loans, you can borrow up to $250,000 and repay the loan with a fixed monthly payment, helping you keep your budget in line.
Requirements:
- Completed Business Loan Application and personal financial forms for all owners/partners with 20% or greater interest in the business
- Signed copies of your business and personal tax returns for the last two years
- Latest business interim financial statement
- Copy of the invoice or purchase order
- Business is at least two years old
- Good credit history
- Ability to demonstrate sufficient cash flow and continued earnings to service your debts
- Summary of management's experience in the industry
