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Non-Revolving Line to Term Loans

Ready your business for future equipment needs and expansion opportunities. A non-revolving line to term loan lets you gain approval now, so when the need arises, there is no delay to access your financing. You’ll only begin paying interest once you access the loan.

Summary
  • Competitive rates for a wide range of business needs
  • Loans from $100,000 to $500,000 (contact us for business term loans over $500,000)
  • Interest only for 12 months
  • Repayment terms up to 60 months customized to fit your business's unique needs
  • ½% origination fee
  • Quick, local decision-making and processing
  • Detailed, attentive service from start to finish
Streamlined Application Process

The world isn't slowing down. You know it and First Northern Bank knows it. If you want your business to keep up, you need answers quickly. First Northern Bank understands that.

Our lending process requires less paperwork and quicker solutions. Applying for loans of $100,000 or less requires a simple application. Applying for larger loans ($100,000 to $500,000) will require two years of financial information to be provided as well. Throughout every step, your First Northern Bank lending professional will be by your side.

There's no time like the present to get started.