Business Line-to-Loan

Who is it for?

Our Business Line-to-Loan is ideal for businesses looking to borrow from $10,000 - $250,000 to make multiple business purchases, including equipment, technology and leashold improvements over a one-year period.

What are the costs/terms?

$150 closing fee up to $100,000
$250 closing fee over $100,000
Repay variable interest monthly during first year
Repay fixed principal and interest monthly after first year for 3 years

What are the benefits/features?

Improved cash flow. Our Line-to-Loan lets you purchase the equipment or technology you need over time, thereby preserving your cash flow.
Fixed monthly payments. After the one-year period, your line converts to a fixed-rate loan with predictable monthly payments.
Convenient access: Manage your line – check balances, make payments, and advances to checking anytime with Online Banking.
Streamlined process. You'll only have to complete one streamlined application and make one loan payment.

Discover why Middlesex is the best bank from business.
To learn more about all the benefits of our Business Line-to-Loan and banking at Middlesex, call us today at 1-877-INFO CTR or visit your nearest branch.