Commercial Loans & Lines

At The Milford National, our business is to help your business. Our experienced commercial lending team takes pride in their ability to partner with local businesses of all sizes.  Not sure what borrowing solution is right for your business? Our Commercial Lenders would be happy to discuss your specific borrowing needs and customize a solution for your business. It’s one of the smartest business moves you will make.

Small Business Administration (SBA) Loans

If you’re planning to start a business or expand an existing business, you might need financing help. As an SBA Preferred Lender, Milford National is able to offer loan programs designed for business owners who may have trouble qualifying for a traditional bank loan.

The Small Business Administration (SBA) is a federal agency that helps established businesses grow and new businesses get started. SBA loans provide more flexible terms, lower down payment requirements, and an easier qualification process than conventional loans.

Commercial Term Loans

If you need funds for long-term assets such as the purchase of additional equipment or space, funding an expansion, or making business acquisitions, Milford National Bank’s long-term loans are available at competitive rates and fair terms. Let one of our Commercial Bankers help you choose the long-term loan that best meets your specific business needs.

Commercial Time Loans

Time loans are available to finance a variety of your company’s immediate working capital needs and liquidity demands.

Construction Loans

Whether you are expanding your facility, building to suit tenants or moving to a new location, Milford National’s menu of construction loan products can be designed to meet your timeline and specifications.

Commercial Lines of Credit

Timing differences in cash flow are inevitable. Lines of credit are available to meet your short- term financing needs and provide the working capital needed to keep your business operating smoothly. Funds from the line of credit can be accessed as often as needed and deposited directly into your business checking account. As the loan balance is repaid, the funds become available for future borrowing.

Commercial Letters of Credit

Letters of credit are available to accommodate commercial transactions and business purchasing commitments.

Business Cash Reserve

Designed with businesses in mind, our Business Cash Reserve product protects against overdrafts and can help assure that you have working capital available for emergencies. We offer a line-of-credit up to $10,000 that automatically covers any checking overdrafts.

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