Term Loans
Secure your business’s future or look to expand with a term loan at Leader Bank.
Allows You To
Purchase business assets
Grow your business
Consolidate debt
Find a competitive fixed rate
The Perfect Solution For Your Business!
What can a term loan with Leader Bank help my business accomplish?
You can use it to help purchase equipment, vehicles, furniture, fixtures, or other assets!
What about helping my business grow?
No problem! You can also use a term loan for business expansion or debt consolidation.
We’re Ready to Help Your Business Get to the Next Level!
Term Loan Features
- Business purpose:
Purchase equipment, capital improvements, refinance existing debt - Loan amount:
$25,000 to $1,000,000 - Terms/Maturity:
Up to seven years - Interest rate:
Variable based on the Prime Rate as published in the Wall Street Journal plus a margin. Fixed rate available as determined at time of approval - Access to funding:
Funds available at closing - Monthly payment:
Principal and interest payments to amortize entire balance over the term of the loan - Collateral:
A first lien on all business assets and/or liquid collateral such as CDs or securities - Guaranties:
Required from each borrower/owner - Costs:
Closing costs vary by complexity of transaction - Features/benefits:
With the automatic payment feature, fixed rate is available
For more information please call 781-646-3900
“The team at Leader Bank provided us with a lending solution that will set us up for success in both the short and long term.”
Henry Manice, Co-Founder of Mighty Squirrel Brewing
With decades of combined experience, our Commercial Lending team prides itself on building long-lasting relationships with our clients and helping them achieve their business goals.
