Bank Mutual offers small business loan specials

Brown Deer-based Bank Mutual is offering specials on its new money loans for small businesses in order to meet customers’ changing business needs.

Business customers are eligible for a $25,000 to $200,000 term loan or line of credit. Rates for amounts of $25,000 to $49,999 are prime +1.99% for lines of credit and 3.99% to 4.99% for term loans. For loans from $50,000 to $200,000, the line of credit rate is +0.99% and the term loan rate is 3.49% to 3.99% or 4.50% to 4.99% for new vehicles.
Term loans are to be used for equipment, vehicle or real estate purchases, with a maximum 20 year amortization on real estate. Lines of credit have a 12-month maximum term, interest-only payments and no prepayment penalty.
The bank developed the specials to help propel small businesses forward, it said in a release.
“Bank Mutual has created these loan options to make starting and/or growing small businesses easier, and will work with each customer to find the unique solution that best suits their needs,” the bank said.

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display