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.
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.
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
New commercial loan: | Monthly payment $1,266.76 |
Your annual income: | Total $0.00 |
Your monthly obligations: | Total $0.00 |
You probably do not qualify. |
Total amount of your loan.
Payment period in years.
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.
Monthly payment for this loan.
Your annual net income from IRS tax returns or other financial statements.
Since depreciation reduces your net income, but not your cash flow, the tool adds back depreciation in calculating your total net cash income.
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.
Your monthly payment for any real estate mortgages.
Your monthly payment for any business lines of credit.
Your monthly payment for any auto loans.
Your monthly payment for any credit cards.
Your monthly payment for any other outstanding loans.
Enter the amount, if any, of the monthly obligations you entered above that will be paid off by this new loan.
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.