Hampton Branch Temporarily Closed

Our branch in Hampton is temporarily closed due to smoke damage. For service, please contact us or visit another nearby Merchants Bank location in Cannon Falls, Hastings or Northfield. Thank you.

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Commercial Loans

Finding the right loan for your business' unique needs is important. That's why our experienced bankers are here to learn about your situation, industry and be a partner for your future success.

Financing Options

  • Term Loans are one of the most common types of business loans and offer a set repayment date, certain number of payments and fixed or variable interest rate. Try our commercial loan calculator.
  • Commercial Real Estate Loans typically used for:
    • Acquisition, refinance or construction of property.
    • Owner-occupied and investment property.
    • Many property types including office, warehouse, manufacturing, retail, multi-family, dealerships, healthcare and more. 
    • All phases of commercial real estate development projects.
  • Equipment Finance Loan for your commercial equipment finance needs.
  • Floor Plan Financing assists your business with vehicle or equipment inventory management and more.
  • Lines of Credit is a flexible source of funds to help you manage your day-to-day working capital needs or quickly capitalize on an opportunity.
  • Fleet/Truck Loans provide rolling stock financing for your truck and fleet operation.
  • Small Business Loan programs are offered and administered through the Small Business Administration (SBA) and financed through Merchants Bank, an SBA preferred lender. 
Merchants provided the access to funds that we needed to outfit the entire school for the year. From furniture to tablets for assessment testing, we have all the materials we need for our staff and students.

Elissa Behnke

Creekstone Montessori School

Working with Merchants is entirely different than our previous banking relationship. There’s simply no comparison. The loan approval process is much faster, response time is very efficient, and the net effect on our company is nothing but positive. I’m grateful for that.

Mike Jensen, President/CEO

Gauthier Industries, Inc.

Merchants Bank has been a proactive and solution-oriented partner for my business. They took time to develop the relationship, understand my needs and create a tailored loan package to match my requirements.

Tom Friedewald

South Properties LLC

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Definitions

New loan amount

Total amount of your loan.

Amortization in years

Payment period in years.

Interest rate

Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.

New monthly payment

Monthly payment for this loan.

Annual verifiable net income

Your annual net income from IRS tax returns or other financial statements.

Annual depreciation expense

Since depreciation reduces your net income, but not your cash flow, the tool adds back depreciation in calculating your total net cash income.

Other non-cash charges

Like depreciation, these are other non-cash charges to your net income that should be added back to calculate your total net cash income for the year.

Real estate mortgage

Your monthly payment for any real estate mortgages.

Business line of credit

Your monthly payment for any business lines of credit.

Auto loans

Your monthly payment for any auto loans.

Credit cards

Your monthly payment for any credit cards.

Other loans

Your monthly payment for any other outstanding loans.

Monthly debt payments eliminated

Enter the amount, if any, of the monthly obligations you entered above that will be paid off by this new loan.

Debt service coverage (DSC)

The debt service coverage is determined by dividing the total annual net cash income by the total annual debt service. If you have a DSC of 1.25 or higher, there is a good chance that you will be approved for your loan.

All loans are subject to credit approval.

Ready to get started?

Treasury Management

Dedicated to your success, we provide your business with tools to manage your corporate cash efficiently and protect your financial accounts from fraud.

Wealth

As your dedicated financial partner, we offer Wealth Management resources to help you plan for the future. Put our expertise to work for you. 

Credit Card Processing

We make processing and accepting credit card, debit card and gift card payments easy and efficient for your business.

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