Whether you are managing daily expenses, planning for growth or simply keeping up with technology, your business may need extra funds to succeed.
Whatever your goals, you’ll find a trusted financial partner in Calumet Bank. We offer a wealth of business lending solutions designed to meet your financing needs.
Our Expertise includes:
- Commercial Construction Loans
- Commercial Line of Credit
- Commercial Real Estate Financing
- Commercial Term Loans
- Land Development Loans
- Stand by Letter of Credit
Calumet helps businesses of all sizes through business loans. Companies all over this area come to us when they need money for:
- Capital to start up a new business
- Expansion of a current business
- Acquire an existing business
- Purchase of inventory
- Refinance existing debt
- Hire new employees
- Marketing expenses
- Purchase equipment
- Purchase land for your business location
- Remodel or expand your current location
- Refinance current real estate mortgage
Our loans come in several forms, mainly through five different business loan vehicles:
Commercial Mortgages offer financing for many different property types such as Retail, Office, Mixed-Use, Industrial, Rental Properties, and Multi-family residential.
Construction Loans are offered for many uses. Whether you are a homeowner or a general contractor, Calumet has loans for Retail, Industrial, Mixed-Use, Additions to Existing Buildings, Improvements to Existing Buildings, Single-Family Residences, and Multi-Family Residential.
Lines of Credit allow you to take your business the next level by using a secured line of credit to finance seasonal or other short-term needs (such as buying inventory during a busy season). It can also be used for working capital, new sales opportunities, seasonal inventory, equipment purchases and more.
Equipment Loans are offered to local businesses for their capital acquisitions. Amounts vary from $5,000 to $1,000,000 or more depending on the needs of the client.
Equipment purchase loans allow businesses to expand their capacity by increasing the number of machines in use today rather than in 3 to 5 years when the business has saved enough money to buy that next machine. Interest rates are determined by collateral offered, assessment of business risk, market conditions, financial strength of the client and the extent of business the bank enjoys with the client.