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Forms Business Credit ApplicationFor your convenience please complete and mail the original. To expedite your service you can fax a copy to Bank of Michigan. Go Back Continue
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Business Lines of Credit

Loans and Services

Whatever your financial needs are, Bank of Michigan is available to help. We offer business loans and services for our private banking business clients. Local decision making. Our Private/Business Banking customers are treated with care and have exclusive benefits tailored to their needs. Your banker meets with you at your office or other convenient location of your choice.

Term Loans

Term loans provide a source of longer term funding for equipment purchases, vehicle purchases, or other needs. We finance loans to purchase equipment or expand an office building, purchase a new business, refinance a contract to a former owner, working capital lines of credit and loans to fund profit sharing/pension plans. We also offer all consumer credit including Home Equity Lines of Credit and personal, unsecured lines of credit. Repayment is usually structured to provide monthly payments of principal and interest. Terms generally require repayment within seven years, and have a variable rate option. These loans are typically secured by the assets of the company.

Working Capital Lines of Credit

Lines of credit provide a source for short term funding needs and seasonal production peaks. Repayment is usually structured to be interest only on a monthly basis with one or two year maturities and a variable rate. Lines of credit are typically secured by all assets of the business.