Business and Commercial Lending
Merit Bank offers a variety of lending options. Whether you need to finance a new opportunity for your business or refinance existing debt, we have an experienced lender ready to help provide solutions. Our lenders are well connected in the market and can provide valuable advice throughout the process.
Real Estate Lending
Commercial real estate lending to acquire or refinance owner occupied and investor properties for bank customers. Financing solutions include term loans, construction and bridge financing.
Equipment and Term Debt Financing
Having the right loan tailored to meet your unique loan needs is important. Equipment financing can be specifically designed for businesses to purchase equipment including machinery and vehicles. This financing helps businesses spread the cost of equipment over time and potentially free up capital for other uses.
SBA 504 Lending
Merit Bank partners with Certified Development Companies (CDCs), which are community based non-profits that promote economic development to provide long term, fixed rate loans for businesses, specifically designed to finance assets including real estate and equipment.
Working Capital Line of Credit
Short term business lending designed to help companies with cash flow during the collection of receivables. The funding is used to cover operating expenses and is repaid as sales are converted to cash. Draws on the line are made as needed and repayments on the line restore line availability. Payments during the term are limited to interest only based on the amount drawn. Access to the line of credit is calculated using a borrowing base of outstanding eligible receivables due to the business.
Agriculture Lending
Merit Bank specializes in providing agriculture loans that may be used for farm operating and expansion purposes. Our loans are used to achieve a variety of financial goals such as crop production, acquisition of farm land, equipment loans or the refinance and consolidation of existing loans.